Flexible office providers Regus and WeWork account for almost 60% of the total co-working space available in the US, according to a first-of-its-kind survey by Yardi Matrix. The commercial real estate and data company set out to quantify the amount of co-working space within markets. In total, there are about 650,000 square feet of shared workspaces across the US that can be rented out, including more than 200,000 offices with up to 100 employees.
Flexible office providers Regus and WeWork account for almost 60% of the total co-working space available in the US, according to a first-of-its-kind survey by Yardi Matrix. The commercial real estate and data company set out to quantify the amount of co-working space within markets. Manhattan dominates the growing sector, with 7.7 million sq ft, and urban leases outstrip suburban locations, the survey found.