Knotel Expands To Japan With Launch of New Tokyo Workspace
September 28, 2020, Tokyo, Japan - Knotel, one of the world’s leading flexible workspace platforms, announced today the opening of its first workspace in Tokyo as part of the Shinagawa Intercity mixed-use complex. Pictures of the space can be viewed here.
The Shinagawa space will be operated by ownership group Nippon Steel Kowa Real Estate Co., Ltd.(“NSKRE”), one of the major real estate companies in Japan, and will be occupied by DNX Ventures, an early-stage venture capital firm focused on global, business-to-business startups. As part of a management agreement with NSKRE, Knotel led the design, architecture and construction management for the project.
The Shinagawa Intercity workspace marks the first location for Knotel in Japan and is part of a broader partnership with NSKRE to leverage the company’s flexible workspace model to serve the growing ecosystem of Japanese startups and entrepreneurs.
“We’re grateful to both NSKRE and DNX Ventures for entrusting Knotel with this project and allowing us to showcase our design and workspace expertise,” said Knotel co-founder and CEO Amol Sarva. “We look forward to working with NSKRE and other trusted partners to serve the growing demand among Japanese businesses looking for safe, tailored and flexible workspaces.”
“As the world’s second largest developed economy, Japan represents an enormous opportunity for the largely untapped flexible workspace market,” said President and CEO Yasuhiko Imaizumi at NSKRE. “Knotel’s proven track record delivering enterprise-grade workspaces make them an ideal partner as we look to capitalize on accelerating demand for flexible workspace solutions.”
The flexible workspace market is primed to grow significantly as companies prioritize employee safety and operational flexibility. With regards to workspace, companies are increasingly focused on employee experience, shorter leases, and an emphasis on health and well-being. Global brokerage JLL still believes that 30% of office space will be consumed flexibly by 2030, although they concede it will happen in a different form than it took before the pandemic.
For companies with upcoming lease renewals, the appeal of flexible workspace arrangements is even more attractive as they aggressively look to shed long-term commitments, mitigate their risk, and reduce capital expenditures. Unlike traditional coworking players, which provide shared spaces for freelancers and company satellite locations, Knotel operates a platform for full floor, private enterprise workspaces. For any questions, email email@example.com.