{"id":1004791697,"date":"2026-03-17T02:56:41","date_gmt":"2026-03-17T10:56:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004791697"},"modified":"2026-03-23T06:42:09","modified_gmt":"2026-03-23T14:42:09","slug":"industrious-eyes-worlds-largest-coworking-space","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/industrious-eyes-worlds-largest-coworking-space\/","title":{"rendered":"Industrious Eyes World\u2019s Largest Coworking Space"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Tower-49-in-Midtown-Manhattan.jpg\"><img decoding=\"async\" data-attachment-id=\"1004791705\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/industrious-eyes-worlds-largest-coworking-space\/tower-49-in-midtown-manhattan\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Tower-49-in-Midtown-Manhattan-e1773674554411.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Tower 49 in Midtown Manhattan\" data-image-description=\"&lt;p&gt;Image courtesy of Yardi Matrix.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The tower was completed in 1984.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Tower-49-in-Midtown-Manhattan-e1773674554411.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Tower-49-in-Midtown-Manhattan.jpg\" alt=\"Exterior shot of Tower 49, a 45-story office tower in Midtown Manhattan.\" class=\"wp-image-1004791705\" style=\"width:400px\"\/><\/a><figcaption class=\"wp-element-caption\">The 600,000-square-foot office tower was completed in 1984 and underwent cosmetic renovations in 2006 and 2009. <br><em>Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Industrious will expand its footprint at Kato International\u2019s <a href=\"https:\/\/www.commercialsearch.com\/coworking-property\/us\/ny\/new-york\/12-east-49th-street\/\" target=\"_blank\" rel=\"noreferrer noopener\">Tower 49<\/a> in Midtown Manhattan to a total of 291,600 square feet\u2014achieving the largest single flex office space in the world.<\/p>\n\n\n\n<p>The coworking giant currently occupies 240,000 square feet at the 600,000-square-foot office tower, after taking over WeWork\u2019s headquarters space in 2024.<\/p>\n\n\n\n<p>Collaborators on the project include Bonetti Kozerski Architecture, MdeAS Architects, Mucca and Friend of Chef. The redevelopment is scheduled for completion by the end of the year.<\/p>\n\n\n\n<p>Industrious will occupy 18 stories at the property, instead of 16. The expansion is part of a larger, owner-led initiative at Tower 49, which aims to redevelop two of its floors\u2014namely the third and the 24th\u2014by introducing new amenities.<\/p>\n\n\n\n<p>The third floor will feature a full-service meeting and conference center for up to 120 individuals, flexible meeting rooms and a caf\u00e9. Similarly, the property\u2019s 24th floor sky lobby will be modernized to include a social lounge.<\/p>\n\n\n\n<p>Completed in 1984 and designed by architecture firm Skidmore, Owings &amp; Merrill, Tower 49 rises 45 stories at 12 E. 49th St., between Madison and Fifth Avenues. The tenant roster includes Brown Advisory, Verum Capital, Cobepa and Kepler Capital Markets.<\/p>\n\n\n\n<p>The office tower has been under Kato International\u2019s ownership since 1986, when the company acquired it from Solstead Associates for $300 million, or $497 per square foot, according to Yardi Matrix information. Since then, the firm implemented cosmetic renovations in 2006 and 2009.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-growing-industriously-across-nyc\">Growing industriously across NYC<\/h2>\n\n\n\n<p>Since <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-group-to-acquire-industrious\/\">CBRE Group acquired Industrious<\/a> in 2025, the coworking company continued its expansion across metro New York City. Last month, the firm leased 23,000 square feet in NoMad, at Heng Sang Realty\u2019s&nbsp;386 Park Ave. S., marking the flex office provider&#8217;s <a href=\"https:\/\/www.commercialsearch.com\/news\/industrious-to-add-location-in-manhattans-nomad\/\">35th location in the borough<\/a>.<\/p>\n\n\n\n<p>Recent <a href=\"https:\/\/www.commercialsearch.com\/news\/coworking-industry-trends-to-keep-an-eye-on\/\">coworking trends<\/a> point out that the sector is shifting from an experimental approach to a structured one, especially since hybrid work has matured into a legitimate alternative for both employers and employees. While enterprises rebalance their footprints, flex office operators adjust by adding locations in secondary and tertiary markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Midtown Manhattan location is scheduled to come online this year.<\/p>\n","protected":false},"author":3619,"featured_media":1004791705,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,52118,1600,21742,10],"tags":[33383,43868],"class_list":["post-1004791697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-coworking","category-new-york","category-latest","category-northeast","tag-industrious","tag-mdeas-architects"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Industrious Eyes World\u2019s Largest Coworking Space - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Industrious will expand its footprint at Kato International\u2019s Tower 49 in Midtown Manhattan to a total of 291,600 square feet.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/industrious-eyes-worlds-largest-coworking-space\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrious Eyes World\u2019s Largest Coworking Space\" \/>\n<meta property=\"og:description\" content=\"Industrious will expand its footprint at Kato International\u2019s Tower 49 in Midtown Manhattan to a total of 291,600 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/industrious-eyes-worlds-largest-coworking-space\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-17T10:56:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-23T14:42:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Tower-49-in-Midtown-Manhattan-e1773674554411.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrious-eyes-worlds-largest-coworking-space\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/industrious-eyes-worlds-largest-coworking-space\/\",\"name\":\"Industrious Eyes World\u2019s Largest Coworking Space - 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