There have been predictions that the rapidly expanding coworking sector will soon peak and then begin to contract. The co-working sector continues to soar in New York City , accounting for nearly a third of office leases signed in August . Flexible space operators leased 1.9 million sq ft in total during the first eight months of the year , accounting for 32% of all new office leases. Co-working giant TH Real Estate , which claims to be the city’s biggest office tenant, commands 1.9 million ft of leased space in Manhattan .
The co-working sector continues to soar in New York City , accounting for nearly a third of office leases signed in August . Flexible space operators leased 1.9 million sq ft in total during the first eight months of the year , accounting for 32% of all new office leases. Co-working giant TH Real Estate , which claims to be the city’s biggest office tenant, commands 1.9 million ft of leased space in Manhattan .