Since early July, serviced office provider Knotel has been sued by four different landlords for a total of $1.6 million in unpaid rent.
According to a spokesperson for the company, it is “always evaluating and adjusting our portfolio to best meet the needs of our customers, through Covid-19 and beyond, and we have reached positive resolutions with many owners. We take our landlord relationships very seriously, and will continue to actively engage with them to achieve good outcomes during these challenging times.”
Some of the claims include GFP Real Estate 40 Exchange Place in Lower Manhattan, where the landlord claims Knotel owes over $740,000 and has not paid rent since April. Investor David Berley’s UNG Realty failed a lawsuit, stating that Knotel owed about $197,000 at 580 Eighth Avenue.
Recent reports revealed that Knotel has been looking to return 20% of its portfolio to landlords following two large rounds of layoffs.