New York-based coworking firm Knotel has signed a deal for a 39,000 square feet of space at United Group’s Midtown location.
The company will take over five of the 12 floors in the 85,237 square foot building located between Fifth and Sixth avenues.
As of 2019, Knotel said it has completed over 2 million square feet of deals in Manhattan and has expansion plans in the future.
“Landlords and occupiers alike are seeing the flexible office as the new normal—a valuable way to manage their portfolios and real estate requirements,” said Eugene Lee, global head of real estate and business development at Knotel.
This deal adds onto Knotel’s 625,000 square feet of space since the beginning of 2019.