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Knotel's Missed Rent Payments in New York Signal Coworking Industry Struggle

Flexible Workspace Provider Skips Two Months at SoHo's 530 Broadway
Knotel occupies about 25% of the three interconnected buildings at 530 Broadway in New York City. (CoStar)
Knotel occupies about 25% of the three interconnected buildings at 530 Broadway in New York City. (CoStar)

Flexible workspace provider Knotel missed two months of rent payments at its office at the recently sold 530 Broadway in the SoHo neighborhood of New York City as the coworking industry struggles because clients are avoiding offices during the pandemic.

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