US co-workspace inventory has grown by five million square feet a year since H1 this year, with a further three million square feet added in 2015. Although the sector comprises 47.8 million square feet of space, it represents just 1% of the US office sector, according to a study by Cushman & Wakefield. There are more than 200 operators in the US, with at least one location covering more than 5,000 square feet. IWG, one of the oldest operators, is the largest by square footage, although it doesn’t have the recognition enjoyed by WeWork, its major global competitor.
US co-workspace inventory has grown by five million square feet a year since 2015, with a further three million square feet added in H1 this year. Although the sector comprises 47.8 million square feet of space, it represents just 1% of the US office sector, according to a study by Cushman & Wakefield. There are more than 200 operators in the US, with at least one location covering more than 5,000 square feet. IWG, one of the oldest operators, is the largest by square footage, although it doesn’t have the recognition enjoyed by WeWork, its major global competitor.