Knotel Boosts Flex Office Leadership in San Francisco – Passes 300K SF in 20 Locations
Agile Workspace Provider Adds Space at 225 Bush Street and 455 Market Street in the Financial District, Totaling Another 80,210 Square Feet
San Francisco, Calif. (February 28, 2019) – Knotel, the premier flexible workspace provider, announced today that it has completed two leasing transactions totaling 80,219 square feet in San Francisco’s Financial District.
The new locations represent the continued expansion of Knotel’s flexible office platform in San Francisco, a move that aligns with its larger corporate strategy to grow its business across the U.S. and around the world. With the leases announced today, Knotel’s overall footprint in the city is now more than 300,000 square feet.
The new leases include:
- 53,555 square feet of space at UBS Realty Investors’ 455 Market Street. The flexible office company will operate the 7thand 8th floors of the 23-story, class A office building, which boasts a renovated lobby, an underground parking garage, and immediate access to BART and MUNI, and the Transbay Terminal.
- a 26,664 square-foot space at the former Standard Oil Building located at 225 Bush Street. The lease will encompass the 11thfloor of the 24-story office building, which already accommodates several high-profile tech companies.
Upon closing the deals, Amol Sarva, CEO of Knotel, commented: “San Francisco is our second largest market, so it's unsurprising that we already have the most locations in town for flexible office. However, given the competitive office market and high cost of doing business, we will continue to expand aggressively to meet the demands of today’s modern tenants.”
Shap Roder, Brooke Agresti, Reuben Torenberg, and Jenny Haeg of CBRE represented Knotel at 225 Bush Street, while the landlord, Kylli Inc., was represented by Matt Shewey of JLL. CBRE represented Knotel at 455 Market Street, while the landlord, UBS Realty Investors, was represented by John Walsh and David Duble of Cushman & Wakefield.
Knotel, founded in New York City just three years ago, has quickly expanded nationally and internationally, with additional locations in San Francisco, London, Berlin, Paris, Los Angeles and Brazil. Knotel designs, builds and operates custom spaces for established and growing companies of 50 employees or more. Today, over 200 companies call Knotel home.
With over 2.5 million square feet across more than 110 locations in New York, San Francisco, London, Los Angeles, Berlin, Brazil and Paris, Knotel is transforming the way we work with its Agile HQ™ Platform. Making long-term leases a thing of the past, Knotel designs, builds, and operates custom spaces for enterprises, so that business leaders can focus on building the future.
Founded in 2016, Knotel has raised $160 million in funding, and was named a Business Insider Top 50 Startup and New York's Hottest New Workspace Model. Knotel’s member network includes companies like Starbucks, HotelTonight, and Omnicom. Visit knotel.com.