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. A new report from the company showed that the sector has grown from occupying just 800,000 sq ft at the start of 2014 to nearly 2.6 million sq ft across 99 locations. 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.