New York’s Flatiron District has quickly become the hottest commodity in the city for coworking giants as they continue to sweep up office space in the area.
WeWork recently signed a 67,858 square foot deal at Walter & Samuels’ 419 Park Avenue South, bringing its footprint in the district to 250,000 square feet.
Knotel currently has spaces in 17 locations around the district that total to 273,868 square feet and is reportedly in talks to take up the entirety of the Flatiron Building’s 22 floors.
“Coworking businesses are setting up shop here because the neighborhood has developed a reputation for creativity, homegrown talent, and a range of amenities and services that meet the needs of a 21st-century workforce,” said James Mettham, executive director of the Flatiron/23rd Street Partnership Business Improvement District.
So far, office sharing companies have taken up over 1 million square feet of Flatiron District office space, which is showing no signs of slowing down thanks to a wide variety of businesses flocking to the bustling area.