Flexible-Office Company Snaps Up Massive Space In Soho

SOHO, NY — Flexible-office giant Knotel inked a deal for a massive Broadway space in Soho, making it the company's seventh outpost in the neighborhood, sources told The Real Deal.

Knotel negotiated a 10-year deal for the 49,000 square foot space at 530-536 Broadway, where the owners were asking for $75 per square foot, the real estate website reported.

The company, whose main competitor is WeWork, creates custom spaces for established and growing companies with customers including Starbucks, the financial news network Cheddar, and game developer King.

The fast-growing company has more than 60 different locations across New York, San Francisco, London and Berlin. The new space is a short walk from 585 Broadway, another Soho spot the company acquired earlier this year, according to The Real Deal.

The real estate website reports that Thor Equities owns the three connected buildings at the corner of Prince Street for a whopping 194,000 square feet combined.

Image courtesy of Google Maps Street View