Cushman & Wakefield has been named the exclusive listing agent for the Industrious flex space at Tower 49, located at 12 E. 49th St. in Midtown Manhattan. The firm’s John Picco, Justin Halpern and Alex Lachmund will work with Industrious to lease the space, which totals approximately 265,000 square feet across 16 floors. 

“This is truly a one-of-a-kind opportunity,” said Picco. “What sets this space apart is its remarkable versatility—whether you’re a start-up looking for short-term flexibility or a large enterprise needing scalable long-term solutions, this space solves for it all.”

Tower 49 will offer programmatic upgrades throughout its floors, which span roughly 16,000 rentable square feet each. Ownership will install a high-end conference center to be designed and managed by the Industrious Tenant Experience Management Team. It will accommodate meetings from six to 110 people. In addition, other amenities may be incorporated in due course.

Flexible workspace provider Industrious has signed on for its newest location in New York City, Industrious Lex & E 50th St, set to open in early fall of 2025. This location sits at 560 Lexington Ave. in Midtown East and is in partnership with Rudin.

Industrious Lex & E 50th St spans 20,000 square feet and will have 158 seats available. The new location spans the entire second floor of the 22-story, 400,000-square-foot building.

“We continue to see significant demand across our Manhattan locations and we’re excited to strengthen our network with the addition of a new location in Midtown,” said Douglas Feinberg, senior director of real estate at Industrious. “This new location also marks an expansion in our relationship with Rudin, with whom we have an existing location within Tribeca.”

Industrious was represented in the transaction by Cushman & Wakefield’s Justin Halpern, Ed Wartels and Ben Bouganim. Rudin’s Kevin Daly represented building ownership.