WeWork Competitor Knotel to Triple NYC Space This Year
- Knotel focuses on companies with 50 to 200 employees
- Firm targets tenants who don’t want to commit to long leases
This article is for subscribers only.
Startup Knotel Inc. is planning to more than triple its office space in New York by the end of the year in an effort to approach the omnipresence of WeWork Cos., the city’s dominant name in shared workplaces.
The expansion comes amid growing demand for Knotel’s niche in the shared-office market: companies that have 50 to 200 employees -- too big for the typical co-working environment -- that want their own turnkey offices and aren’t ready to commit to the kind of fixed-term leases landlords typically demand.