The coworking market is poised for sustained growth and innovation as hybrid and remote work continue to shape the new office landscape.

Inventory reached 7,695 spaces at the end of 2024, up 2% from the third quarter when there were 7,538 coworking spaces, according to a national coworking report from CoworkingCafe. While the quarter-over-quarter growth was modest, it signals continuing upward momentum in the sector, said the report, which analyzes sector trends in the 25 largest US markets.

The two leading markets by number of coworking spaces remained the same from Q3 to Q4. Los Angeles had 292 spaces and Dallas-Fort Worth added seven spaces to its total inventory to reach 286 spaces. Washington, D.C., came in third with 277 coworking spaces, an increase of 11. Chicago came in fourth adding eight spaces to reach 263, and Manhattan dropped to fifth place after losing two spaces to settle at 273 coworking spaces.