Convene has signed a lease for 116,000 sq ft of space over four flours at RXR Realty's property in midtown Manhattan's Fifth Avenue. The company is the first to occupy the space, which was previously occupied by an office building that closed last year. Ryan Simonetti, co-founder and CEO of the company said it was a segment that has been forgotten about. Last month, WeWork announced the launch of HQ by WeWork aiming to serve the same segment.
Convene has signed a lease for 116,000 sq ft of space over four flours at RXR Realty's property in midtown Manhattan's Fifth Avenue. The events and conference venue operator entered the flexible workspace sector in February with its WorkPlace brand and is targeting companies with 10 to 100 employees that have outgrown a co-working environment but are not yet ready to commit to a longer-term lease. Ryan Simonetti, co-founder and CEO of the company said it was a segment that has been forgotten about. Last month, WeWork announced the launch of HQ by WeWork aiming to serve the same segment.