Nomadworks Leased 33,783 Square Feet in Chelsea
Coworking operators should monitor how tech-dense neighborhoods like Chelsea influence expansion strategy for flexible office providers.
Updated on Oct. 6, 2026 in Remote Work
Live Poll
Do you prefer utilizing a dedicated coworking space for your own professional work?
Nomadworks signed a 16-year lease in early September 2026 for 33,783 square feet across three floors at 122 West 27th Street. The expansion marks the firm's fourth location in New York City.
Why it matters
The company targeted Chelsea specifically to capture demand from the neighborhood's dense concentration of technology and artificial intelligence firms. This move underscores a shift toward locating flexible workspace closer to high-growth vertical clusters.
The firm secured the space at an asking rent of $32 per square foot across a 16-year term. This expansion increases the company's New York City footprint to four active locations.
The players
Nomadworks
A flexible workspace provider that operates shared office locations across New York City.
Max Koeppel
The real estate representative who acted on behalf of the landlord for the 122 West 27th Street deal.
LSL Advisors
A brokerage and advisory firm that negotiated the lease agreement on behalf of Nomadworks.
The details
The lease covers the ninth, 10th, and 11th floors of the 12-story office building. LSL Advisors managed the negotiation for Nomadworks, while Max Koeppel represented the landlord. Occupancy is slated for late January 2027.
Timeline
Nomadworks launched its first location at 1216 Broadway in 2018.
The firm opened its 295 Madison Avenue site in late 2025.
The lease at 122 West 27th Street was signed in early September 2026.
The company expects to take occupancy in late January 2027.
Market Landscape
This expansion follows the broader industry trend of flexible office providers targeting specialized tech corridors to capture localized demand. The move mirrors Nomadworks' strategy of placing capacity in high-growth districts like its 2025 entry into Madison Avenue.
Operators looking at real estate should monitor the $32 per square foot rent as a benchmark for comparable Chelsea office space. Use this lease term to gauge current appetite for long-term commitments in the flexible workspace sector.
The takeaway
The move demonstrates how specialized neighborhood clustering continues to drive commercial real estate strategy for growing service providers. Keep a close watch on the January 2027 occupancy date to assess the absorption rate of this new supply in the Chelsea submarket.
Further reading
For more on the changing demands for professional office space, see the latest reports on Remote Work.
Source note: This article includes information reported by Commercial Observer.
Live Poll
Do you prefer utilizing a dedicated coworking space for your own professional work?
