Scott Homa

CHICAGO, IL—Co-working options are reshaping the U.S. office market as the sector has grown approximately 23% each year since 2010, according to new research from JLL. In 2018, more than two-thirds of the US office market occupancy was flex space and JLL predicts it will make up almost 30% of the market by 2030, compared to less than 5% today.

“Co-working, however, is not only office-centric,” says Scott Homa, Senior Vice President and Director of US Office Research, JLL. “Flex space has also penetrated the retail, hospitality, hotel and multifamily industries.”

For example, Staples is now putting co-working areas inside of their stores, hotels are carving out work-space on a floor or two and apartments are incorporating co-working spaces into their units as a tenant amenity.