NEW YORK, NY — Flexible workspace provider Knotel announced its first location in Boston, expanding the company’s fast-growing global portfolio to over 570 locations in 16 cities around the world.
Knotel’s first Boston location is in the fast-growing North Station submarket at 239 Causeway Street. The space spans 26,000 square feet on the entire first and second floors of the building.
Knotel provides customers tailor-made, flexible workspaces and services that simplify the experience of managing commercial real estate, while helping companies reduce capital expenditures, enhance employee productivity and maintain operational flexibility. Focused on flexible office for enterprises, the flexible office provider is currently engaging customers for 239 Causeway Street and additional Boston locations, soon to be announced.
“Bolstered with a plethora of startup labs, innovation centers and global occupiers, Boston is the ideal fit for Knotel’s enterprise clientele,” said Eugene Lee, Knotel’s chief investment officer and global head of real estate. “We continue to see strong customer demand in that city, and we expect to be in many more buildings there in 2020.”
Owned by Boston Development Group, 239 Causeway Street allows Knotel to enter Boston from one of the city’s hottest submarkets. In addition to Knotel, the property is less than a mile from Boston’s historic North End; The Hub on Causeway, a recently completed 2-million-square-foot mixed-use development featuring a high-end food hall, cinema and other retail; and TD Garden, Boston’s premier multi-purpose sports and entertainment arena.
“Knotel has demonstrated itself as a valuable partner to owners in more than two dozen office markets and we are excited to be their first partner in Boston,” said Jodie Zussman, President of Boston Development Group.
“Several global enterprise tenants have recently migrated to North Station with the emergence of new Class A and unique, refurbished properties close to world-class amenities. With the arrival of Knotel, North Station continues to reflect what will drive economic vitality and attract top enterprises and workforce talent in the years to come.”
Unlike other flexible workspace providers, which provide shared workspaces for freelancers and company satellite locations, Knotel’s platform focuses on full-floor, private workspaces for enterprises.
Since 2016, Knotel has grown to more than 200 buildings encompassing a total of over 4 million square feet, with customers in New York, San Francisco, London, Los Angeles, Washington, D.C., Paris, Berlin, Toronto, Boston, São Paulo and Rio de Janeiro. Knotel recently announced $400 million in additional financing, which is being deployed to grow the company’s footprint in existing markets, continue expansion into the world’s 30 largest office markets and deepen its engagement with global enterprise accounts.
Knotel is the world’s leading flexible workspace provider that matches, tailors and manages space for customers. Knotel caters to established and growing companies, giving them the freedom to focus on their business, culture and people. With over 4 million square feet across 200-plus locations in three continents, Knotel is transforming commercial real estate and moving companies forward.
Knotel was founded in 2016 to give businesses the flexibility and speed to scale on their own terms. All Knotel spaces are tailored to the needs of each individual company by an in-house team of architects, interior designers, and workplace strategists.