Knotel Shares Strategy (Update)

Amol Sarva, co-founder and CEO of Knotel

NEW YORK CITY—In stacking up his company to WeWork, Knotel’s co-founder and CEO Amol Sarva says, “In San Francisco we just passed them in number of locations. In New York we have three times as many locations. In Paris we have four times as many locations.” The company is quickly growing, including its acquisition of the Paris-based Deskeo. However, CoStar states that “based on research verified data for all of New York City, Knotel has 58 locations and WeWork has 81.” In addition, CoStar notes in San Francisco WeWork has 17 locations and Knotel has 15.

WeWork is the largest occupier of private office space in Manhattan, leasing 5.3 million square feet. Its website states it has 605 opening and coming soon locations in 101 cities. Knotel leases 2.5 million square feet in more than 110 locations according to a March 5 press release. It’s in seven cities: New York, Paris, Berlin, San Francisco, Los Angeles, London and São Paulo. Plus, the company plans to open in Rio de Janeiro.