{"id":6039,"date":"2025-10-28T12:25:07","date_gmt":"2025-10-28T12:25:07","guid":{"rendered":"https:\/\/www.coworkingcafe.com\/blog\/?p=6039"},"modified":"2026-02-02T09:57:20","modified_gmt":"2026-02-02T09:57:20","slug":"national-coworking-report-q3-2025","status":"publish","type":"post","link":"https:\/\/www.coworkingcafe.com\/blog\/national-coworking-report-q3-2025\/","title":{"rendered":"U.S. Coworking Industry Report Q3 &#8217;25: Coworking Covers 152 Million Sq. Ft. Across 8,400+ Locations"},"content":{"rendered":"<p>In the third quarter of 2025, coworking stood as a firmly established segment of the U.S. office market with thousands of flexible workspaces across the country serving professionals, startups, and companies that rely on adaptable environments to meet hybrid work needs. From large, corporate hubs to local community spaces, coworking has become a standard feature of how and where work happens in the United States.<\/p>\n<p><em>Due to recent refinements in our data collection methodology, quarter-over-quarter comparisons of the number and square footage of coworking spaces are not included in this report. The figures presented reflect the most accurate information available at the time of publication. As we implement these methodological updates, future reports will resume comparisons.<\/em><\/p>\n<h2><strong>More Than 8,400 Locations Mark Coworking\u2019s Move From Volatility to Stability<\/strong><\/h2>\n<p>Across the United States, coworking now spans 8,420 locations \u2014 a figure underscoring how deeply embedded the coworking model has become within the country\u2019s office ecosystem. Even so, coworking still accounts for only a small share of the overall office market.<\/p>\n<blockquote><p>In general, over the last 12 months we\u2019ve seen solid consistent growth despite a mid-year lull, pushing overall space to more than 150 million square feet. Maybe the most eye-opening number is coworking is still only 2.1% of office space, showing there is plenty of additional opportunity for growth.<\/p><\/blockquote>\n<p><strong><em>Peter Kolaczynski, Director Yardi Research<\/em><\/strong><\/p>\n<p>The numbers show a market that has moved from the post-pandemic unpredictability to a steady rhythm of\u00a0refinements: Operators are no longer\u00a0hunting for saturation, but rather targeting stability. Accordingly, the sector keeps growing, albeit in deliberate and\u00a0calculated\u00a0ways, such as space enlargement, better locations and clearer pricing bands.<\/p>\n<blockquote><p><span data-olk-copy-source=\"MessageBody\">Coworking has traded volatility for viability. Our industry isn\u2019t chasing endless growth anymore, it\u2019s building it deliberately, one stable location at a time.<\/span><\/p><\/blockquote>\n<p><strong><em>Sam Rosen, Director Coworking<\/em><\/strong><\/p>\n<div id=\"datawrapper-vis-cPZyO\" style=\"min-height: 563px;\"><script type=\"text\/javascript\" defer src=\"https:\/\/datawrapper.dwcdn.net\/cPZyO\/embed.js\" charset=\"utf-8\" data-target=\"#datawrapper-vis-cPZyO\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/datawrapper.dwcdn.net\/cPZyO\/full.png\" alt=\"Coworking Spaces in Top 50 US Markets (Symbol map)\" \/><\/noscript><\/div>\n<p>&nbsp;<\/p>\n<p>Regionally, growth\u00a0remains\u00a0well-distributed. Specifically, the Northeast\u00a0retains the highest coworking density, driven by Manhattan, NY; Boston; and northern New Jersey, where demand continues to outpace supply. Not to be outdone, the South\u00a0maintains its strong trajectory through business-friendly markets, such as Dallas\u2013Fort Worth, Atlanta, and Miami, while the Midwest sees steady, healthy progress in Chicago, Minneapolis and Columbus, OH. Meanwhile, out West, Los Angeles, San Francisco, and Orange County anchor the region\u2019s coworking base, complemented by rising hubs, such as Denver, Phoenix and Salt Lake City.<\/p>\n<h4><em>Key Insights<\/em><\/h4>\n<ul>\n<li>The coworking industry added new space selectively, reaching more than 152 million square feet across 8,420 locations nationwide.<\/li>\n<li><span data-contrast=\"auto\">Secondary cities like Dallas\u2013Fort Worth, Atlanta, Denver, and Phoenix continue to capture momentum, proving that coworking has matured into national infrastructure\u2014not just a big-city phenomenon.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">National median rates stabilized at $225 per month for memberships and $30 for day passes, reflecting healthy occupancy and competition-driven price discipline.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Average site sizes\u00a0sit at\u00a018,000 square feet\u00a0nationally, with major metros exceeding 25,000\u201340,000 square feet per location as operators favor multifunctional layouts and enterprise suites.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><strong>While Manhattan Leads in Density, Coworking Takes Root Far Beyond the Coasts<\/strong><\/h2>\n<p><span class=\"TextRun SCXW205387971 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun CommentStart SCXW205387971 BCX8\">By number of locations,\u00a0<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">Los Angeles\u00a0<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">hold<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">s<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">\u00a0the top position in Q3 2025, with\u00a0<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW205387971 BCX8\">322\u00a0<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW205387971 BCX8\">\u00a0coworking<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">\u00a0spaces totaling\u00a0<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">roughly\u00a0<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">7.2<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">\u00a0million square feet<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">\u00a0reflecting the fragmented yet active nature of California\u2019s coworking ecosystem<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">. Dallas-Fort Worth<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">\u00a0<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">follows with<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\"> 310<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\"> spaces and a total inventory of 5<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">.8<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">\u00a0million square feet<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">. Manhattan, NY, though smaller in count, <\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">remains<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">\u00a0unmatched\u00a0<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW205387971 BCX8\">in overall<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\"> scale \u2014 its 287 coworking locations occupy a notable <\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">12 million square feet<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">,\u00a0<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">representing<\/span><span class=\"NormalTextRun SCXW205387971 BCX8\">\u00a0the densest coworking landscape in the country.<\/span><\/span><span class=\"EOP SCXW205387971 BCX8\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<div id=\"datawrapper-vis-imllb\" style=\"min-height: 922px;\"><script type=\"text\/javascript\" defer src=\"https:\/\/datawrapper.dwcdn.net\/imllb\/embed.js\" charset=\"utf-8\" data-target=\"#datawrapper-vis-imllb\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/datawrapper.dwcdn.net\/imllb\/full.png\" alt=\"Number of Coworking Spaces (Grouped Bars)\" \/><\/noscript><\/div>\n<p>&nbsp;<\/p>\n<p>With well over 280 coworking locations each, Dallas\u2013Fort Worth and Atlanta\u00a0are\u00a0key pillars of the Sun Belt\u2019s flexible work network, showing just how deeply coworking is embedded in the region\u2019s business infrastructure.\u00a0Similarly, Houston and Denver, which are each home to more than 200 active spaces, reflect a broader national trend in which distributed workforces are pulling the center of gravity away from traditional downtown cores.<\/p>\n<p>At the same time, Raleigh\u2013Durham, NC; Nashville, TN; and Phoenix \u2014 all approaching or surpassing 180 coworking sites \u2014 have outgrown their \u201cemerging market\u201d statuses. Together, they form a new line of urban suburbs where professionals can access premium workspaces close to home and without the long commutes into central business districts.<\/p>\n<p>Notably, Q3 data also shows that coworking is beginning to cluster along regional corridors, with nearby cities expanding in tandem, rather than in isolation. In particular, Texas now\u00a0represents one of the country\u2019s largest coworking ecosystems with Dallas, Houston, Austin and San Antonio collectively hosting more than 600 flexible workspaces.<\/p>\n<p>Likewise, the Mid-Atlantic corridor \u2014 anchored by Washington, D.C.; New Jersey; and Philadelphia \u2014 records similar totals. Of course, D.C.\u00a0remains the nation\u2019s governmental office\u00a0hub for hybrid workplaces, while New Jersey benefits from its proximity to New York City and a growing population of professionals who prefer suburban access to flexible office options.<\/p>\n<p>Otherwise, in the West, Denver and Salt Lake City continue to rise as hybrid-friendly anchors for professionals who prioritize both affordability and quality of life.<\/p>\n<p><span class=\"TextRun SCXW201792340 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW201792340 BCX8\">Coworking is fast becoming an\u00a0<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW201792340 BCX8\">industry of<\/span><span class=\"NormalTextRun SCXW201792340 BCX8\">\u00a0everywhere. The most significant growth today is not confined to downtown towers; rather,\u00a0<\/span><span class=\"NormalTextRun SCXW201792340 BCX8\">it&#8217;s<\/span><span class=\"NormalTextRun SCXW201792340 BCX8\">\u00a0filling gaps in mixed-use neighborhoods and commuter corridors and\u00a0<\/span><span class=\"NormalTextRun CommentStart CommentHighlightPipeRest CommentHighlightRest SCXW201792340 BCX8\">breathing life into retail revitalization<\/span><span class=\"NormalTextRun CommentHighlightPipeRest SCXW201792340 BCX8\">.\u00a0<\/span><\/span><span class=\"EOP SCXW201792340 BCX8\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><strong>Average Sites Now Exceed 18,000 Sq. Ft. as Operators Adapt to Hybrid Work Demand<\/strong><\/h2>\n<p><span class=\"TextRun SCXW83807073 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW83807073 BCX8\">The distribution of total coworking square footage continues to reflect the economic geography of the U.S. office market. Manhattan. NY, leads by a wide margin with <\/span><span class=\"NormalTextRun SCXW83807073 BCX8\">12.06 million square feet<\/span><span class=\"NormalTextRun SCXW83807073 BCX8\">\u00a0<\/span><\/span><span class=\"TextRun Highlight SCXW83807073 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW83807073 BCX8\">\u2014<\/span><\/span><span class=\"TextRun SCXW83807073 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW83807073 BCX8\">\u00a0almost double that of the next-largest market, Chicago, which totals\u00a0<\/span><span class=\"NormalTextRun SCXW83807073 BCX8\">8.74 million square feet<\/span><span class=\"NormalTextRun SCXW83807073 BCX8\">. Los Angeles ranks third at 7.21 million, followed by Dallas\u2013Fort Worth and Atlanta, both surpassing five million.<\/span><\/span><span class=\"EOP SCXW83807073 BCX8\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<div id=\"datawrapper-vis-wuqMd\" style=\"min-height: 922px;\"><script type=\"text\/javascript\" defer src=\"https:\/\/datawrapper.dwcdn.net\/wuqMd\/embed.js\" charset=\"utf-8\" data-target=\"#datawrapper-vis-wuqMd\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/datawrapper.dwcdn.net\/wuqMd\/full.png\" alt=\"Total Coworking Square Footage (Bar Chart)\" \/><\/noscript><\/div>\n<p>&nbsp;<\/p>\n<p><span class=\"TextRun SCXW149019096 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW149019096 BCX8\">Average coworking site sizes\u00a0<\/span><span class=\"NormalTextRun SCXW149019096 BCX8\">remain<\/span><span class=\"NormalTextRun SCXW149019096 BCX8\">\u00a0closely tied to each\u00a0<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW149019096 BCX8\">metro\u2019s<\/span><span class=\"NormalTextRun SCXW149019096 BCX8\">\u00a0development pattern. Manhattan\u00a0<\/span><span class=\"NormalTextRun SCXW149019096 BCX8\">maintains<\/span><span class=\"NormalTextRun SCXW149019096 BCX8\">\u00a0the largest average footprint in the country at just over 42,000 square feet per location, followed by Chicago at\u00a0<\/span><span class=\"NormalTextRun SCXW149019096 BCX8\">roughly 28,000<\/span><span class=\"NormalTextRun SCXW149019096 BCX8\">\u00a0and Boston at 22,000. Major markets such as Los Angeles, Washington, D.C., and San Francisco cluster near 20,000 to\u00a0<\/span><span class=\"NormalTextRun SCXW149019096 BCX8\">22,000 square feet<\/span><span class=\"NormalTextRun SCXW149019096 BCX8\">,\u00a0<\/span><span class=\"NormalTextRun SCXW149019096 BCX8\">indicating<\/span><span class=\"NormalTextRun SCXW149019096 BCX8\">\u00a0a continued preference for large, multifunctional spaces in dense business environments.<\/span><\/span><span class=\"EOP SCXW149019096 BCX8\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<div id=\"datawrapper-vis-9iwiZ\" style=\"min-height: 953px;\"><script type=\"text\/javascript\" defer src=\"https:\/\/datawrapper.dwcdn.net\/9iwiZ\/embed.js\" charset=\"utf-8\" data-target=\"#datawrapper-vis-9iwiZ\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/datawrapper.dwcdn.net\/9iwiZ\/full.png\" alt=\"Average Coworking Space Square Footage (Grouped Bars)\" \/><\/noscript><\/div>\n<p>&nbsp;<\/p>\n<p><span class=\"TextRun SCXW198169099 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW198169099 BCX8\">In contrast, mid-sized and emerging cities typically feature more compact but efficient layouts. In Raleigh\u2013Durham, Salt Lake City, and Columbus, coworking sites average less than\u00a0<\/span><span class=\"NormalTextRun SCXW198169099 BCX8\">20,000 square feet<\/span><span class=\"NormalTextRun SCXW198169099 BCX8\">. These smaller footprints are often more tightly integrated with university campuses, startup corridors, and suburban business districts.\u00a0<\/span><\/span><\/p>\n<p><span class=\"TextRun SCXW132627370 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW132627370 BCX8\">From a broader perspective, the national average of\u00a0<\/span><span class=\"NormalTextRun SCXW132627370 BCX8\">18,080 square feet<\/span><span class=\"NormalTextRun SCXW132627370 BCX8\">\u00a0per location captures a market that has recalibrated toward operational efficiency rather than aggressive expansion. Larger footprints dominate high-density metros where hybrid enterprise demand is strongest, while smaller regional operators succeed through adaptive local design.<\/span><\/span><span class=\"EOP SCXW132627370 BCX8\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><strong>From High-End Hubs to Budget Markets, Flex Pricing Levels Out<\/strong><\/h2>\n<p><span class=\"TextRun SCXW263563760 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW263563760 BCX8\">The pricing across the country continues to reflect a market that self-corrects and finds its stability. The open and dedicated desk median membership costs $225 per month\u00a0<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW263563760 BCX8\">nationally,<\/span><span class=\"NormalTextRun SCXW263563760 BCX8\">\u00a0day\u00a0<\/span><span class=\"NormalTextRun SCXW263563760 BCX8\">passes<\/span><span class=\"NormalTextRun SCXW263563760 BCX8\">\u00a0average $30, meeting rooms cost about $45 an hour, while virtual offices cost\u00a0<\/span><span class=\"NormalTextRun SCXW263563760 BCX8\">roughly $159<\/span><span class=\"NormalTextRun SCXW263563760 BCX8\">\u00a0per month.\u00a0<\/span><\/span><span class=\"EOP SCXW263563760 BCX8\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5251\" src=\"https:\/\/www.coworkingcafe.com\/blog\/wp-content\/uploads\/sites\/79\/2025\/08\/Median-Monthly-Subscription-National-Level-q2-2025_dd46d7.png\" alt=\"\" width=\"705\" height=\"556\" srcset=\"https:\/\/www.coworkingcafe.com\/blog\/wp-content\/uploads\/sites\/79\/2025\/08\/Median-Monthly-Subscription-National-Level-q2-2025_dd46d7.png 705w, https:\/\/www.coworkingcafe.com\/blog\/wp-content\/uploads\/sites\/79\/2025\/08\/Median-Monthly-Subscription-National-Level-q2-2025_dd46d7.png?resize=300,237 300w\" sizes=\"auto, (max-width: 705px) 100vw, 705px\" \/><span class=\"TextRun SCXW59170216 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW59170216 BCX8\">Manhattan\u00a0<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW59170216 BCX8\">stays<\/span><span class=\"NormalTextRun SCXW59170216 BCX8\">\u00a0the undeniable outlier, fetching the highest rates in the nation. It has a borough-wide average of $339 a month for membership<\/span><span class=\"NormalTextRun SCXW59170216 BCX8\">, meeting<\/span><span class=\"NormalTextRun SCXW59170216 BCX8\">\u00a0rooms\u00a0<\/span><span class=\"NormalTextRun SCXW59170216 BCX8\">renting<\/span><span class=\"NormalTextRun SCXW59170216 BCX8\">\u00a0for about $67 per hour, and day passes at $39. Brooklyn is second in command, at medians of $320 a month for\u00a0<\/span><span class=\"NormalTextRun SCXW59170216 BCX8\">membership<\/span><span class=\"NormalTextRun SCXW59170216 BCX8\">,\u00a0<\/span><span class=\"NormalTextRun SCXW59170216 BCX8\">a<\/span><span class=\"NormalTextRun SCXW59170216 BCX8\">\u00a0sign that demand for flexible workspace is\u00a0<\/span><span class=\"NormalTextRun SCXW59170216 BCX8\">very strong<\/span><span class=\"NormalTextRun SCXW59170216 BCX8\">\u00a0even outside of the central business district.<\/span><\/span><span class=\"EOP SCXW59170216 BCX8\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span class=\"TextRun SCXW158136980 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW158136980 BCX8\">On the West Coast, San Francisco, Los Angeles, and Orange County are also a premium cluster at about $230\u2013$235 per month. These spaces\u00a0<\/span><span class=\"NormalTextRun SCXW158136980 BCX8\">frequently<\/span><span class=\"NormalTextRun SCXW158136980 BCX8\">\u00a0focus more on aesthetics and service rather than pure scale for professionals who pay to work in well-designed, placed spaces.<\/span><\/span><span class=\"EOP SCXW158136980 BCX8\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span class=\"TextRun SCXW101298530 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW101298530 BCX8\">The South and Midwest tell a different story. Houston, Dallas, Atlanta, and Miami all sit clustered around the middle of the nationwide median, proving large-scale inventory and affordability can coexist. Memberships range from a low of $199 to a high of $235 per month, while day passes <\/span><span class=\"NormalTextRun SCXW101298530 BCX8\">remain<\/span><span class=\"NormalTextRun SCXW101298530 BCX8\">\u00a0accessible;\u00a0<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW101298530 BCX8\">generally<\/span><span class=\"NormalTextRun SCXW101298530 BCX8\">\u00a0between $30 to $40, the region\u00a0<\/span><span class=\"NormalTextRun SCXW101298530 BCX8\">remains<\/span><span class=\"NormalTextRun SCXW101298530 BCX8\">\u00a0competitive, attracting hybrid teams and small businesses looking for cost-effective flexibility.<\/span><\/span><span class=\"EOP SCXW101298530 BCX8\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span class=\"TextRun SCXW167160028 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW167160028 BCX8\">Then there are the efficiency markets: Salt Lake City, Columbus, and Jacksonville impress with their\u00a0<\/span><span class=\"NormalTextRun SCXW167160028 BCX8\">roughly $150<\/span><span class=\"NormalTextRun SCXW167160028 BCX8\">\u00a0memberships combined with steady occupancy and salutary growth in total square footage. These metros have managed to succeed by compelled optimization rather than undercutting. Lower costs of living and real estate across these metros mean that operators can ensure profitability while still passing savings to members.<\/span><\/span><span class=\"EOP SCXW167160028 BCX8\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span class=\"TextRun SCXW160631140 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW160631140 BCX8\">Taking a bird&#8217;s view, pricing has turned both\u00a0<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW160631140 BCX8\">rational<\/span><span class=\"NormalTextRun SCXW160631140 BCX8\">\u00a0and regional. The Northeast\u00a0<\/span><span class=\"NormalTextRun SCXW160631140 BCX8\">remains<\/span><span class=\"NormalTextRun SCXW160631140 BCX8\">\u00a0the most expensive, the\u00a0<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW160631140 BCX8\">South<\/span><span class=\"NormalTextRun SCXW160631140 BCX8\">\u00a0the most even-keel, and the West veers between the high-end indulgence of California and the more practical inland metros.<\/span><\/span><span class=\"EOP SCXW160631140 BCX8\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><strong>Regus, HQ, and Industrious Dominate, but Local Brands Continue to Gain Ground<\/strong><\/h2>\n<p><span class=\"TextRun SCXW203902109 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW203902109 BCX8\">Q3 operator data confirms that the industry has firmly\u00a0<\/span><span class=\"NormalTextRun SCXW203902109 BCX8\">consolidated<\/span><span class=\"NormalTextRun SCXW203902109 BCX8\"> around a few anchoring nationals with a lively network of local independents complementing. <\/span><span class=\"NormalTextRun SCXW203902109 BCX8\">Regus\u00a0<\/span><span class=\"NormalTextRun SCXW203902109 BCX8\">remains<\/span><span class=\"NormalTextRun SCXW203902109 BCX8\">\u00a0the largest operator in the U.S., with 950 locations across the top 50 markets and\u00a0<\/span><span class=\"NormalTextRun SCXW203902109 BCX8\">roughly 1,185<\/span><span class=\"NormalTextRun SCXW203902109 BCX8\"> nationwide. HQ follows with 274, while Industrious and Spaces each <\/span><span class=\"NormalTextRun SCXW203902109 BCX8\">maintain<\/span><span class=\"NormalTextRun SCXW203902109 BCX8\">\u00a0just over 150. These brands collectively account for a substantial share of the country\u2019s 152 million-square-foot inventory, particularly in core business markets.<\/span><\/span><span class=\"EOP SCXW203902109 BCX8\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<div style=\"position: relative; width: 100%; height: 0px; padding: 59.32% 0px 0px; overflow: hidden; will-change: transform;\"><iframe style=\"position: absolute; width: 100%; height: 100%; top: 0px; left: 0px; border: none; padding: 0px; margin: 0px;\" title=\"Top Coworking Operators: Distribution in Largest 50 Markets vs. Nationally Q3\" src=\"https:\/\/e.infogram.com\/_\/yDgRbPWA7lLhoMePFTQz?src=embed&amp;embed_type=responsive_iframe\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<p>&nbsp;<\/p>\n<p>VAST Coworking also holds a notable position among national operators, with 180 locations spanning more than 2.3 million square feet. Formed through the collaboration between Intelligent Office, Venture X and Office Evolution, its multi-brand framework illustrates the evolving structure of the coworking landscape, where diversified portfolios and shared operational models play an increasingly central role in the market.<\/p>\n<p><span class=\"TextRun SCXW147512423 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW147512423 BCX8\">Major clients keep driving occupancy within enterprise clients in major markets. National brands have doubled down on amenity-rich layouts, growing their private office portfolios and hybrid solutions designed for distributed teams. Meanwhile, small operators have found traction in mid-sized and emerging cities through community-driven concepts:\u00a0<\/span><span class=\"NormalTextRun SCXW147512423 BCX8\">coworking cafes, maker-oriented studios, and multi-use facilities doubling as event spaces.<\/span><\/span><span class=\"EOP SCXW147512423 BCX8\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><strong>Final Thoughts: Balanced Pricing and Occupancy Signal a Sector Built to Stay<\/strong><\/h2>\n<p><span class=\"TextRun SCXW177802593 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW177802593 BCX8\">What stands out most in Q3 is balance. The industry is neither in a boom nor in correction. In fact, the number of locations, total square\u00a0<\/span><span class=\"NormalTextRun SCXW177802593 BCX8\">footage<\/span><span class=\"NormalTextRun SCXW177802593 BCX8\">\u00a0and median prices all hint at\u00a0<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW177802593 BCX8\">coworking<\/span><span class=\"NormalTextRun SCXW177802593 BCX8\">\u00a0finally entering a period of normalization that is sustainable.<\/span><\/span><span class=\"EOP SCXW177802593 BCX8\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span class=\"TextRun SCXW233080802 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW233080802 BCX8\">The data points to a sector\u00a0<\/span><span class=\"NormalTextRun SCXW233080802 BCX8\">that&#8217;s<\/span><span class=\"NormalTextRun SCXW233080802 BCX8\">\u00a0both confident and careful, growing in measured increments, expanding footprints only where hybrid demand is proven, and\u00a0<\/span><span class=\"NormalTextRun SCXW233080802 BCX8\">maintaining<\/span><span class=\"NormalTextRun SCXW233080802 BCX8\">\u00a0pricing discipline even as competition deepens. In its place, the volatility of the early 2020s has given way to a market that knows what works.<\/span><\/span><span class=\"EOP SCXW233080802 BCX8\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><strong>Methodology<\/strong><\/p>\n<ul>\n<li>To compile this report, we used proprietary data from CoworkingCafe to determine the number of coworking spaces per market, as well as the total square footage and leading operators.<\/li>\n<li>The top 50 markets analyzed were established by our sister company Yardi Matrix and were ranked based on allocated square footage.<\/li>\n<li>In terms of pricing, we looked at the national median starting prices per person per month for virtual office, monthly memberships (open workspace + dedicated desk), day passes (daily open desk coworking) and meeting rooms (hourly booking).<\/li>\n<li><span class=\"NormalTextRun SCXW106273295 BCX8\">The study relied solely on the listing data available on\u00a0<\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW106273295 BCX8\">CoworkingCafe<\/span><span class=\"NormalTextRun SCXW106273295 BCX8\"> as of October 2025.<\/span><\/li>\n<li><span data-teams=\"true\">In this report, we have introduced adjustments to our data collection and sampling processes to enhance consistency and balance over time. The updated approach distributes sampling more evenly throughout the year to better capture ongoing market activity. As a result of these refinements, quarter-over-quarter comparisons of total coworking locations and square footage have been excluded from this edition to maintain analytical integrity and ensure comparability in future reporting.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In the third quarter of 2025, coworking stood as a firmly established segment of the U.S. office market with thousands of flexible workspaces across the country serving professionals, startups, and companies that rely on adaptable environments to meet hybrid work needs. From large, corporate hubs to local community spaces, coworking has become a standard feature<\/p>\n","protected":false},"author":2611,"featured_media":5612,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":{"0":"post-6039","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-studies"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Coworking Industry Report Q3 &#039;25: Coworking Covers 152 Million Sq. Ft. 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