Flexible office providers Regus and WeWork account for nearly 60 percent 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.
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.