The amount of coworking space in Chicago has tripled over the start of 2014 , according to new figures from property firm Regus . 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 eight locations. The company’s occupancy rate across its 283 worldwide locations hit 82 percent in the first quarter of 2018, having doubled both its membership and revenue year over year. The development has brought diversification of providers, with the share operated by Regus falling from 54% to 54% over the period, whilst industry leader Colliers International will control 23% of the market by year end , spread across eight locations.
The amount of coworking space in Chicago has tripled over the start of 2014 , according to new figures from property firm Regus . 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 eight locations. The development has brought diversification of providers, with the share operated by Regus falling from 54% to 54% over the period, whilst industry leader Colliers International will control 23% of the market by year end , spread across eight locations.