The spike in the supply of co - working space has pushed rents lower in the world ’s largest cities , according to a report from Emerald Group . In New York supply grew by 21%, in San Francisco by 20%, in London by 17% and Chicago by 16%. The Global Flex Market 2019 report said average desk prices dropped 5 % in the 18 largest cities last year . Prices fell most in Chicago , dropping by an average of 17 % , followed by San Francisco ( 12 % ) , Los Angeles ( 8 % ) , Houston ( 7 % ) and London ( 6 % ) . New York fared better with prices falling on average by 5 % . While increased supply is the main reason for the fall , people moving beyond traditional business districts where rent paid and received is lower was also a factor . Asia Pacific is still experiencing upward price movement , with a rise of 19 % in Tokyo .
The spike in the supply of co - working space has pushed rents lower in the world ’s largest cities , according to a report from Emerald Group . The Global Flex Market 2019 report said average desk prices dropped 5 % in the 18 largest cities last year . Prices fell most in Chicago , dropping by an average of 17 % , followed by San Francisco ( 12 % ) , Los Angeles ( 8 % ) , Houston ( 7 % ) and London ( 6 % ) . New York fared better with prices falling on average by 5 % . While increased supply is the main reason for the fall , people moving beyond traditional business districts where rent paid and received is lower was also a factor . Asia Pacific is still experiencing upward price movement , with a rise of 19 % in Tokyo .