Flexible Workspace and Private Offices at 50 People: Membership or Floor
Flexible workspace is office space taken on a shorter commitment than a standard five to ten year lease, and it comes in two forms. One is a membership in a building an operator runs, priced per desk. The other is a private office on a flexible lease, priced per square foot, behind your own door. For a fast-growing team of 40 to 60, the second usually costs less per person and gives the company a floor it can brand and arrange. Compare the two on three things: cost per person, the length of the commitment, and room to add desks. The floors below fit about 50 people.
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Price a floor for 50Updated 2026-10-03 · Nomad Group
A membership or a floor: what a 50-person team is choosing between
With a membership, the company occupies one or more lockable suites inside an operator's space. The reception, the kitchens and most meeting rooms are run by the operator and used by its other members, and the operator sets the rules for the building.
With a private office on a flexible lease, the company holds the whole floor. It decides who gets a badge, how the floor is laid out and what visitors see when the elevator opens. The cost of that control is a lease, with a term and a deposit.
The arithmetic once a team is well past 20 people
A coworking desk in Manhattan costs somewhere from $800 to $1,400 every month. At 50 desks the bill is $40,000 to $70,000 a month, and each new hire adds one more desk at the full rate.
A lease is priced by area. Fifty people need about 8,750 rentable square feet. Suppose such a floor is asking $60 for each square foot, each year: the rent is $43,750 a month, and power, billed at $2 to $4 a year for each square foot, adds about $1,500 to $2,900. The next hire after that costs nothing more in rent if the floor has room.
The floors in the block on this page show what space of this size asks at the moment. Flexible lease or coworking runs the same sum at other team sizes.
Branding and culture: what each kind of space can carry
In an operator's building, your logo goes on the suite door and the operator's brand is on everything a visitor passes before reaching it. Events, signage and hours follow the operator's policies. That suits a company that does not need the office to carry its name.
On a private floor the entrance is yours, and so are the walls, the all-hands space and the decision about which days people come in. A furnished floor arrives ready to use, and you add your own identity within what the lease and the building allow. Candidates and clients arrive at your company's reception, not an operator's.
Three comparisons for a team that is still hiring
- Cost per person, all in, at today's headcount and again at ten more people.
- Term: the notice needed to leave a membership, against 12, 24 or 36 months on a flexible lease.
- Room to add desks: whether the operator has an adjoining suite free, against a floor taken 15 to 25 percent larger than today's need or an expansion right written into the lease.
Nomad prices both sides for you. On your search, we work for you, and a first shortlist can be ready within 24 hours. Leasing for a team that will double covers the growth question.
Floors that fit a team of 50
Live from our listings · 6 of the 8, smallest firstA team of 50 plans on about 8,750 square feet at 175 a person. 8 floors on our book sit in the range that fits, 8,750 to 15,750 square feet, asking $50 to $200 per square foot per year on the 6 with a published rent.
- Floors
- 8
- Sizes
- 9,000-13,754 sq ft
- Asking rent
- $50-$200 / sq ft
- 151 West 26th Street, Partial 10th Floor 9,000 sq ft $64/sq ft Chelsea about 51 people
- 127 West 26th Street, Entire 7th Floor 9,500 sq ft $50/sq ft Chelsea about 54 people
- 1235 Broadway, Entire 4th Floor 9,500 sq ft $62/sq ft NoMad about 54 people
- 66 Hudson Boulevard, Partial 53rd Floor 10,517 sq ft $200/sq ft Hudson Yards about 60 people
- 1700 Broadway, Entire 26th Floor 13,266 sq ft $79/sq ft Midtown about 76 people
- 836 Broadway, Entire 2nd Floor 13,754 sq ft rent on request Union Square about 79 people
The full guide
This page is the short answer. The long one, with the numbers worked through, is here:
Related topics
- Private Closed-Door Office Space for Lease: A Door That Is Really Yours
- Private Office for Lease in NYC: What It Really Costs Each Month
- Private Office Spaces in NYC: A First Office for 10 to 12, Sized and Toured
- Private Offices for Lease in NYC: The Steps, and How Long Each Takes
Is a private office cheaper than coworking for 50 people?
Usually, yes. Desk pricing rises in step with headcount, while rent follows area, and the area each person needs falls as a larger team shares its meeting rooms and pantry. Run both on your own numbers, counting electricity, cleaning and internet on the lease side.
Can a company put its own name and design on a flexible floor?
On a private floor, yes, within the lease and the building's rules: your name at the entrance, your layout, your walls. Inside an operator's building, branding is normally limited to your own suite.
What happens to the cost when the team adds ten people?
On a membership, ten more desks cost $8,000 to $14,000 more each month, provided the operator has seats next to yours. On a lease the rent does not change. If the floor is already full, you need an expansion right or a larger floor, which is why hiring teams lease with room to spare.
How long is the commitment on a flexible private floor?
Flex by Nomad terms typically run 12, 24 or 36 months. Twelve is achievable, and the longer two usually price better.
Talk to a broker
Want this answered for your team?
Tell us three things: team size, timing, budget. A first shortlist can be ready within 24 hours, with the asking rent on every floor that publishes one.
- Within the houra broker reaches out during business hours, no automated triage
- On your sidewe work for you on your search, and the landlord usually pays our fee
- Open pricingasking rent published for 46 of 49 floors, size and address for all
- 300+ officesdelivered in New York, 2M+ sq ft leased
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