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WeWork Leases Final Two Spaces at 15 W. 27th St.

The co-working and office space provider’s new lease brings the Kaufman Organization’s Madison Square portfolio to 100% leased.

15 W. 27th St. WeWork leases space at 15 W. 27th St., in the NoMad neighborhood./ CoStar image

NEW YORK CITY—WeWork, the largest flexible space operator in Manhattan, has also grown to become the second largest private office tenant in the city. It’s second only to banking giant JPMorgan Chase, according to several leading brokerage research departments.

WeWork just signed a 10-year lease for 11,818 square feet, taking up the last two spaces at the Kaufman Organization’s 15 W. 27th St. office building, named 15W27. Asking rent was in the range of the high $60s per square foot. WeWork will rent the entire ninth and ten floors, moving in during early fall 2018.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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