US coworking market reaches 9,136 locations by March end

13 articles · Updated · Facilities Dive · Apr 30

That was up 1,296 sites from a year earlier, while coworking space expanded to 164 million square feet and accounted for 2.28% of US office inventory.
Reports said hybrid work and roughly 55% office occupancy are pushing employers to shrink footprints, while landlords add flexible terms, smaller layouts and partnerships with coworking operators.
Growth is spreading beyond major cities into markets including Philadelphia, Tampa-St Petersburg and California's Inland Empire, as firms such as CBRE's Industrious and WeWork broaden flexible workspace offerings.

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