According to a report by Cushman & Wakefield, more than 5 million square feet (464,500 sq m) of coworking space has come on line in each of the past three years in the United States. This pace continued in the first half of 2018 with another 3 million square feet (278,700 sq m) added.
Cushman & Wakefield’s Coworking and Flexible Office Space report explores the benefits, risks, and future opportunities in the world of flexible office space.
- Investors are comfortable with a coworking space ratio of 15 to 30 percent of a building.
- This ratio is increasingly perceived as a strategic necessity by landlords and investors.
- Coworking is well positioned to weather an economic downturn.
- Flexible office space will triple in size—representing 5 to 10 percent of office inventory in many markets.
- Coworking demand is strong, but only 30 to 40 percent is additive.
