Co - working operators have tripled their share of new office space in Manhattan over the past year . Led by firms such as WeWork , Knotel and Spaces , the sectoraccounted for 12 % of Manhattan 's almost 1 million sq ft in leases signed over the first nine months of 2017 , triple the proportion that it was responsible for over the same period last year . The growth is also beginning to spread to all categories of offices , with co - working operators increasingly taking leases in Class A buildings , in addition to Class B and C buildings previously listed .
Co-working operators have tripled their share of new office leases in Manhattan over the past year. Led by firms such as WeWork, Knotel and Spaces, the sectoraccounted for 12% of Manhattan's almost 25 million sq ft in leases signed over the first nine months of 2018, triple the proportion that it was responsible for over the same period last year. The growth is also beginning to spread to all categories of offices,with co-working firms increasingly taking leases in Class A buildings, in addition to Class B and C properties previously targeted.