The face of the city’s co-working market has undergone dramatic change as well. The amount of coworking space in Chicago has tripled over the last four years, according to new figures from property firm Colliers International. In 2013, there were just 1,350 workspaces for workers at companies with more than 50 employees, up from about 500 a decade earlier. The development has brought diversification of providers, with the share operated by Regus falling from 54% to just 15% over the period, whilst industry leader WeWork will control 23% of the market by year end, spread across eight locations.
The amount of coworking space in Chicago has tripled over the last four years, according to new figures from property firm Colliers International. In 2013, there were just 1,350 workspaces for workers at companies with more than 50 employees, up from about 500 a decade earlier. The development has brought diversification of providers, with the share operated by Regus falling from 54% to just 15% over the period, whilst industry leader WeWork will control 23% of the market by year end, spread across eight locations.