Nomadworks Signed 16-Year Lease in Chelsea
The firm secured over 33,000 square feet of office space on West 27th Street.
Updated on Oct. 6, 2026 in Remote Work
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In early September 2026, coworking provider Nomadworks signed a 16-year lease for 33,783 square feet of space in New York City. The company plans to occupy the ninth, 10th and 11th floors of the 12-story building at 122 West 27th Street.
Why it matters
This expansion into the Chelsea neighborhood places Nomadworks in a hub of tech and artificial intelligence companies. The deal demonstrates continued demand for flexible office space in Manhattan.
The lease agreement carries an asking rent of $32 per square foot for a 16-year term. The new location spans three floors within the 135,132-square-foot office building.
The players
Nomadworks
This is a coworking office provider that operates multiple locations throughout New York City.
Max Koeppel
He is the professional who represented the landlord during the leasing negotiations.
LSL Advisors
This firm provided negotiation services on behalf of Nomadworks for the real estate deal.
The details
Nomadworks, which already operates three other locations in the city, finalized the deal with representation from LSL Advisors. Max Koeppel served as the representative for the landlord in the transaction.
Timeline
Nomadworks launched its first location at 1216 Broadway in 2018.
The firm opened its 295 Madison Avenue location in late 2025.
The lease for 122 West 27th Street was signed in early September 2026.
Occupancy at the new Chelsea office is expected in late January 2027.
Market Landscape
This move mirrors the broader trend of coworking providers clustering in established tech-centric neighborhoods to attract specific industry tenants. The deal strengthens Nomadworks' footprint against competitors by securing long-term real estate in a high-demand sector of the city.
Local businesses and tech workers in the Chelsea area may soon have increased access to flexible office environments and collaborative workspace amenities. The entry of a new branch could also influence the availability of desk space for independent contractors in the neighborhood.
The takeaway
The expansion highlights how coworking companies are banking on the continued demand for physical office hubs despite the rise of virtual operations. Readers looking for space should note that established tech districts remain prime targets for long-term commercial investment.
Further reading
Learn more about local industry trends in the Remote Work section.
Source note: This article includes information reported by Commercial Observer.
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