Coworking space could easily triple its current share in gateway markets in the next decade.
SAN FRANCISCO—Coworking inventory has grown substantially during the past three years. In fact, half of all current US coworking space has opened since early 2015, with more than 5 million square feet of new space becoming available in each of the past three years. And, another 3 million square feet of new space has opened in the first half of 2018, according to Cushman & Wakefield's coworking and flexible office space report. The report examines coworking and flexible-office trends, and the implication for the commercial real estate industry and its participants.
Despite this growth, coworking still accounts for only 1%—47.8 million square feet—of the total 5 billion square feet of office inventory across the 87 markets tracked by Cushman & Wakefield.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
