Coworking Spaces are Growing in Popularity, Expanding Reach, Report Shows
Originally published on March 8, 2023, by Laura Pop=Badiu for CoworkingCafe.com.
Demand for flexible workspaces registered significant growth in recent years, mainly due to the wider availability of remote work and hybrid workstyles. At the same time, the uncertain economic waves led many businesses to downsize their office footprints and move past rigid, long-term leases toward more flexible and cost-efficient solutions. What’s more, according to a recent JLL report, the office sector remains under pressure in 2023, with tenants not only looking to increase efficiency and productivity but also to reduce their existing footprint and positively influence their bottom line.
So, to better understand the current state of the coworking industry across the U.S., this report leveraged the most recent proprietary data to break down the coworking space stock availability in the 25 largest markets, as well as their size and distribution.