The Real Deal New York

Knotel has quietly inked 160K sf in leases since December

Amol Sarva's firm signed 80K sf this week
By David Jeans | January 18, 2019 03:35PM

Clockwise from left: 36 West 14th Street, 11 East 44th Street, 30 West 21st Street, 22 West 21st Street and Amol Sarva (Credit: Google Maps and Jhila Farzaneh)

Knotel, the flexible office space firm and WeWork arch-rival, has signed another four New York leases, joining the co-working space race of 2019.

The firm, led by Amol Sarva, is the fourth co-working company to announce leases in Manhttan this week, and will take 76,000 square feet at new locations. Knotel, which launched in 2016, will take 35,600 square-feet at New School’s 36 West 14th Street, 24,660 square-feet at AION Partners’ 11 East 44th Street, 10,722 square-feet at Skyway Development Group’s 30 West 21st Street and 5,430 square-feet at Condo Structure’s 22 West 21st Street.

In December, the firm gobbled up 80,000 square feet at locations across Manhattan, including 51,000 square feet at the Rosen family’s 27 West 23rd Street.

A flurry of New York leases have been signed by co-working companies in the past week. Industrious 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 firms current space at its Union Square location.

Spaces, the Dutch co-working firm owned by IWG (formerly Regus), signed for an 84,000 square foot space at 31 Penn Plaza.

And WeWork, the largest office tenant in Manhattan, also announced this week that it had signed four new locations for its HQ By WeWork service, which caters to mid-sized tenants.

Founded in 2016 by Amol Sarva and Edward Shenderovich, Knotel’s portfolio spans 2 million square feet in 100 locations and recently announced that it has its sights set on Brazil.