The Real Deal New York

Co-working firm Industrious signs three Manhattan leases

The new spaces will triple the coworking firm's New York footprint
By David Jeans | January 17, 2019 05:16PM

From left: Industrious CEO Jamie Hodari, 325 Hudson Street, 1411 Broadway, and 215 Park Avenue South (Credit: LoopNet and Google Maps)

Industrious, the New York-based co-working firm, is expanding its footprint in the city in a move the company has been reluctant to make until now.

The firm announced Thursday that it had signed new leases at 325 Hudson Street and 1411 Broadway. A third lease agreement, at 215 Park Avenue South, expands the firm’s current footprint at its Union Square location.

At the Hudson Street location, the firm partnered on the lease with Jamestown LP, which will become the tenant at the site. It is the fourth such agreement the companies have made together.

The new leasing deals for Industrious follow an expansion by competitor Spaces, the Dutch co-working firm owned by IWG, which signed an 84,000 square foot lease at 31 Penn Plaza this month. WeWork also announced this week that it had signed four new locations for its HQ By WeWork service, which caters to mid-sized tenants.

Industrious, which is led by co-founders Jamie Hodari and Justin Stewart, currently has 60 locations across the country. The new suites will be used for its Canvas service, which targets tenants looking for customizable spaces for companies with more than 20 employees, Hodari said in a statement.