Increased demand for shared space is driving growth for the largest coworking firms, Yardi's CommercialEdge and CoWorking Café reported last week.
More than one-third of existing flex space is in the top five markets. Occupancy rates and revenue are celebrated on providers' earnings calls.
During its second quarter earnings call, WeWork reported its occupancy rate had risen to 72% during that quarter, equal to the pre-pandemic rate in the fourth quarter of 2019. Regus, Spaces and other brands also are seeing a recovery in this office segment.
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