SquareFoot, a commercial real estate company that helps companies solve their office space needs by leveraging technology, has acquired co-working and private workplace company Upsuite. The acquisition comes on the heels of New York City-based SquareFoot’s expansion into Los Angeles, California and Houston, Texas.
Upsuite will support SquareFoot across 40 markets in the United States and Canada, and will add to SquareFoot’s portfolio of flexible office space solutions, having acquired shared office-space marketplace PivotDesk in February 2019. Upsuite will operate as a subsidiary of SquareFoot and will continue to be run by the company’s Founder and CEO Ben Wright.
“We were impressed by SquareFoot’s fantastic leadership team and its ability to provide digital solutions to a traditional real estate industry through leading automated demand aggregation tools,” Wright said. “Together, SquareFoot and Upsuite can now offer an even more robust portfolio of office solutions across the traditional, coworking, and shared space spectrum.”
“The acquisition of Upsuite was in response to the changing office space market in 2020,” said SquareFoot Founder and CEO Jonathan Wasserstrum. “Upsuite will serve tenants looking for office lease flexibility, smaller private spaces or coworking options that, when combined with our additional solutions through PivotDesk and Flex, will position SquareFoot as a market leader for office space flexibility.”
