Novel Coworking has purchased a seven - storey , 50,400 sq ft property located at Chicago 's 500 W Superior Street in River North , its fifth location in the city . “We continue to see tremendous demand in Chicago from professional service firms and enterprise companies seeking flexible and affordable workspace,” said Bill Bennett, Founder of Novel Coworking. Novel , the biggest owner - operator of flexible office space in the world , plans to use the building to provide a range of office formats from co - working desks to private suites . The company claims its business model , which does not charge by the desk , appeals to companies seeking space for 10 - 150 employees , often as they outgrow accommodation at the likes of WeWork and Regus .
Novel Coworking has purchased a seven - storey , 50,400 sq ft property located at Chicago 's 500 W Superior Street in River North , its fifth location in the city . Novel , the biggest owner - operator of flexible office space in the world , plans to use the building to provide a range of office formats from co - working desks to private suites . The company claims its business model , which does not charge by the desk , appeals to companies seeking space for 10 - 150 employees , often as they outgrow accommodation at the likes of WeWork and Regus .