IWG’s Regus Continues to Expand

IWG’s flexible office brand, Regus, is expanding with a new full-floor in Manhattan at 14 Penn Plaza. This comes after Regus put several of its New York City locations into bankruptcy last year.

The new location brings the company’s workspaces around Manhattan to about 40.

Circle Realty Group’s Jay Futersak, who represented both the landlord and the tenant, said:

“It’s location, location, location. And Penn Station is probably the epicenter of transportation … You’re able to access your train and access the railroad which is centrally located.”

Regus is set to take over the space in September.