Co-working operators have tripled their share of new office leases in Manhattan over the same period last year . Led by firms such as WeWork, Knotel and Spaces , the sectoraccounted for the 23 percent of Midtown 's almost 25 million sq ft in leases signed over the same period last year , triple the proportion that it was responsible for over the first nine months of 2018 . Co-working tenants inked 12 percent of the nearly 25 million square feet worth of leases signed in Manhattan through the first three quarters of the year, according to Avison Young. 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.
Co-working operators have tripled their share of new office leases in Manhattan over the same period last year . Led by firms such as WeWork, Knotel and Spaces , the sectoraccounted for the 23 percent of Midtown 's almost 25 million sq ft in leases signed over the same period last year , triple the proportion that it was responsible for over the first nine months of 2018 . 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.