Given the constant evolution of remote and hybrid work models \u2014 as well as the ongoing changes in the commercial real estate sector \u2014 coworking has emerged as a dynamic industry that continues to shift and evolve across the nation. And, while the demand for flexible workspaces has given this industry a significant boost in recent years, it\u2019s also the total share of space they cover and the leading operators in this market that are worth keeping an eye on.<\/p>\n
With this in mind, we leveraged proprietary data from the third quarter of 2023 to break down the coworking landscape in the 25 largest U.S. markets and get a better understanding of the coworking sector\u2019s current state and historic evolution. At the same time, we compared the most recent data with the state of the industry in Q2 of 2023<\/a>.<\/p>\n The national coworking space inventory appears to have stabilized this quarter, with the total location count reaching 6,172 spaces, after registering an impressive 10% growth from Q1 to Q2 of 2023. The current location count represents a slight 0.15% increase from Q2, when the total number of coworking spaces stood at 6,163 nationwide.<\/p>\nNational Coworking Supply Remains Consistent While Some Markets Reach 11% to 13% Growth Versus Last Quarter<\/strong><\/h2>\n