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Home News

Knotel to expand into Brazil office market

Aayat AlibyAayat Ali
November 29, 2018
in News
Reading Time: 1 min read
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Workspace giant Knotel has announced that it will launch its first office in Brazil as they look to expand outside of the U.S. and Europe.

Knotel said it will operate 100,000 square feet across São Paulo, then move into Rio de Janeiro, adding another 100,000 square feet to its portfolio.

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Office space demand is rapidly growing in Brazil, who recently became the largest recipient of venture capital funding in Latin America last year, according to Knotel co-founder Amol Sarva.

Sarva’s company opened three years ago in an attempt to compete with WeWork, who also recently expanded into Brazil’s coworking market with 16 new locations. Knotel currently manages 1.7 million square feet across the U.S. and Europe and has raised $160 million in funding.

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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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