Novel Coworking , formerly Level Office , has acquired a nine - story building in downtown Minneapolis , its second flexible workspace in the Twin Cities . For example, New York-based WeWork recently announced it would double the space it will lease at the new MoZaic East office building in Uptown to more than 102,000 square feet. Existing tenants in the TriTech Center , about half of the 114,000 sq ft space , will remain in the building . The firm ’s business model , unlike many in the industry , sees it buying rather than leasing properties , which Novel claims allows it to sublet space to members at lower rates .
Novel Coworking , formerly Level Office , has acquired a nine - story building in downtown Minneapolis , its second flexible workspace in the Twin Cities . Existing tenants in the TriTech Center , about half of the 114,000 sq ft space , will remain in the building . The firm ’s business model , unlike many in the industry , sees it buying rather than leasing properties , which Novel claims allows it to sublet space to members at lower rates .