As the flexible workspace industry continues to explode, New York City condo developers seem eager to join the party. It’s of little surprise to workspace operators in the NYC market. This year alone, we’ve seen considerable developments such as WeWork’s staggering $20 billion valuation and Knotel’s $25 million Series A funding.
WeWork’s continual rise in valuation and ability to raise billions of dollars from partners around the globe has coincided with the rapid expansion of the freelance and remote workforce. But even more astonishing is the fact that the company’s repeated success has the potential to directly impact the entire flexible workspace industry, from your local coworking operator to an entire HR department of a Fortune 500 company.
And now as you look for your next 2-bedroom, 2-bath waterfront Brooklyn apartment, it’s quite difficult to ignore the myriad of luxury amenities of which the building has included: a pool for the hot summer days, a gym to workout all the stress, and its newest offering, once coined the business center lounge, a mixed-use coworking space.