WeWork Rival Knotel to Make Brazil Debut as Office Demand Swells
- Workspace provider to open locations in Sao Paulo and Rio
- Brazil’s market for shorter-term leases is strengthening
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Workspace provider Knotel Inc. is making its debut in Brazil as it looks to expand beyond the U.S. and Europe and take advantage of growing office demand in Latin America’s biggest economy.
The firm, which builds and runs offices for businesses seeking shorter leases, will operate 100,000 square feet (9,000 square meters) across several São Paulo buildings. It will then move into Rio de Janeiro, which should add another 100,000 square feet to its portfolio, New York-based Knotel said in a statement Wednesday.