Industrious Expands Midtown Manhattan Footprint With New Coworking Location

• Industrious signed for 28,000 square feet at 875 Third Avenue in Midtown East
• New coworking space scheduled to open in July 2026
• Expansion reflects continued demand for flexible office solutions in Manhattan

What The New Midtown Location Includes

Coworking provider Industrious is expanding again in Midtown Manhattan with a new 28,000-square-foot location at 875 Third Avenue.

The new flex office space is expected to open in July 2026 and will include 226 office seats along with 26 access seats for flexible users.

Tenants will also have access to shared building amenities, including a fitness center, dining facilities, and café spaces integrated into the larger office tower.

The location sits in Midtown East directly across from the subway station at Lexington Avenue and East 53rd Street, offering strong commuter accessibility.

What This Says About The Flexible Office Market

The deal reinforces how flexible workspace operators continue gaining traction even as the broader office market adjusts to hybrid work patterns.

Rather than replacing the traditional office entirely, coworking providers are increasingly becoming part of corporate real estate strategies, allowing companies to reduce long-term lease commitments while maintaining physical workspace options.

Industrious has been especially aggressive in expanding premium coworking offerings in high-demand urban office corridors like Midtown Manhattan.

What The Building Offers Tenants

The coworking operation will occupy space within 875 Third Avenue, a 29-story office tower owned by Global Holdings 

The roughly 700,000-square-foot property is LEED Gold-certified and currently maintains strong occupancy levels, reportedly around 97 percent leased.

Originally completed in 1982, the tower includes nearly 30,000 square feet of retail space and floorplates approaching 30,000 square feet.

Current tenants include several major law firms, financial firms, and investment groups, reinforcing the building’s position within Midtown East’s institutional office market.

What This Means For Midtown Manhattan Office Demand

The expansion comes at a time when Manhattan office fundamentals are showing signs of stabilization.

According to recent market data, office vacancy in Manhattan has declined year-over-year while asking rents continue to edge upward. Trophy and well-located Class A assets in particular are outperforming the broader office market.

Flexible workspace operators are benefiting from this environment by targeting highly amenitized, transit-oriented buildings that appeal to both enterprise clients and smaller hybrid teams.

What This Signals About The Future Of Coworking

The coworking industry itself has also matured significantly over the last several years.

Operators are now focusing less on hypergrowth and more on strategic, premium locations with stable long-term demand. Midtown Manhattan remains one of the strongest markets for that model due to its concentration of corporate tenants and transportation infrastructure.

Industrious’s continued expansion, including additional planned locations in Midtown, signals confidence that demand for flexible office space will remain a meaningful component of the office sector moving forward.