Hidden Value Chain: Transforming Knotel's Growth Strategy Through Broker-Centric Design

Hidden Value Chain: Transforming Knotel's Growth Strategy Through Broker-Centric Design

Hidden Value Chain: Transforming Knotel's Growth Strategy Through Broker-Centric Design

The Challenge

When workspace provider Knotel approached us, they had a classic product-market fit problem—they'd built a great platform for their internal sales team but were missing a critical user in their ecosystem: real estate brokers. Despite brokers influencing 80% of commercial leasing decisions, they had no dedicated tools to efficiently access and sell Knotel's spaces.

The Research Question

How can we support the workflow of commercial real estate brokers to increase customer engagement and Knotel sales?

This wasn't just about building a new feature—it required deep understanding of an entirely different user group with unique needs and behaviors.

Our Insight-Driven Approach

We designed a research plan combining quantitative and qualitative methods to uncover the true needs behind broker behavior:

  • Digital ethnographies capturing real-time workflow patterns

  • In-person ride-alongs with 5 NYC brokers during client meetings

  • 30 in-depth interviews across multiple markets

  • Journey mapping to identify pain points and opportunity gaps

  • Feature card sorting to prioritize product capabilities

  • Usability testing with early prototypes

Key Consumer Insights

The research revealed four breakthrough insights that completely reframed the product strategy:

  1. Brokers valued pipeline visibility above all else—access to properties not yet on the market was their most valued currency with clients

  2. Downloadable assets were critical—brokers weren't just looking for listings; they needed high-quality assets to create their own client presentations

  3. Saved searches as value exchange—brokers would share client requirements through search patterns without revealing client identities

  4. Branding flexibility mattered—brokers needed control over how properties were presented to their clients

From Insights to Product

These insights directly shaped our product development strategy:

  • Self-service portal giving brokers control instead of requiring account executive intermediaries

  • Asset library making floor plans, photos, and specs instantly downloadable

  • Exclusive listing access providing visibility to off-market properties

  • Custom notification system alerting brokers to new properties matching their clients' needs

Rapid Prototyping & Iteration

We built high-fidelity prototypes in Figma and conducted usability testing before development. After engineering built the MVP, we:

  • Launched a limited beta with research participants

  • Used FullStory to identify UX friction points

  • A/B tested email messaging to optimize onboarding

  • Continuously refined features based on user behavior

Measurable Product-Market Fit

The results demonstrated clear product-market fit:

  • 1,550 new broker users in the first week after launch

  • 213 daily page views with 15% week-over-week growth

  • 33% asset download rate from property detail pages

  • 11% homepage conversion to asset downloads

Most valuable was the unexpected data product that emerged—broker search patterns created a predictive market intelligence tool for Knotel's acquisition team.

The Product Impact Lesson

Knotel's success illustrates a critical product development principle: sometimes the most impactful product isn't for your end customer, but for the influencers in your value chain.

By focusing on broker workflows rather than just end clients, we helped Knotel create a product that generated both immediate sales acceleration and long-term strategic intelligence.

Is your product strategy overlooking key users in your ecosystem?
Let's talk about how consumer insights can reshape your approach.

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Let’s Talk!

Let’s Talk!

Let’s Talk!