Knotel has inked an 11,500 square-foot office lease at Jack Terzi’s at 8 West 28th Street in Nomad, CO first reported. The 13-year deal covers the third and fourth floors.
- Worth Noting: Asking rent on the space was $68 per square foot.
- A noticeable trend: Leasing activity with co-working firms has come to a halt. Landlords have essentially stopped signing significant deals after the WeWork debacle. In November, Crain’s reported that Knotel’s NYC office portfolio is 33 percent vacant! Appetite has also changed on the part of startups (i.e. lessees) as rapid irrational growth is no longer in vogue.