This Startup in WeWork’s World Is Targeting the 10- to 100-Worker Company


This Startup in WeWork’s World Is Targeting the 10- to 100-Worker Company


Convene, which provides flexible meeting and working space, enlarged its midtown Manhattan footprint with its biggest lease ever, expanding a partnership with RXR Realty LLC and going after the small to medium-size tenant that industry leader WeWork Cos. has just begun to court.

The New York-based startup has leased 116,000 square feet (nearly 11,000 square meters) of office space spanning four floors at RXR’s 530 Fifth Ave. The target is businesses with 10 to 100 employees.

“This is mainly for companies looking for under 10,000 square feet that have outgrown a co-working environment but are not yet ready to commit to a long-term lease with a building owner,” Ryan Simonetti, co-founder and chief executive officer of Convene, said in an interview. “We feel that whole segment has really been forgotten about.”...

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RSK: Another player in this sector. And all the time Regus just keeps doing what they do best and growing with no hype or fanfare. Love it.

Ken Notes: Was meeting with a broker from Minneapolis / St. Paul. over the weekend, she suggested that some of her major companies were moving into WeWork spaces for flexibility and convenience. They were taking full 20K floors in downtown...

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- - Volume: 6 - WEEK: 38 Date: 9/18/2018 8:40:02 AM -