Leading Markets for Coworking Expansion

As coworking continues to play a strategic role in the evolving office landscape, several major markets are carving out sizable footprints for shared space. April CommercialEdge data outlines the latest figures on market share, illustrating both established strongholds and areas with untapped potential.

Nationally, coworking space in May totaled close to 59.2 million square feet across 7,823 locations, accounting for 2 percent of the country’s total leasable office stock. Manhattan led the charge with 7.5 million square feet of coworking space across 278 locations, making up 2.3 percent of the metro’s total rentable office inventory.

Markets with the strongest coworking share

Chicago edged out all other metros with the highest coworking market share at 2.4 percent, supported by 3.4 million square feet across 280 locations. Los Angeles followed closely, posting a 2.3 percent share from nearly 4 million square feet across 303 sites—the largest count of coworking locations among top markets. Atlanta mirrored this with a 2.3 percent share as well, encompassing just over 2 million square feet in 244 locations.

Denver and San Francisco slightly outpaced the national average, with coworking making up 2.2 percent (1.5 million square feet, 239 locations) and 2.1 percent (1.9 million square feet, 135 locations) of their inventories, respectively. Boston matched the 2.0 percent national rate, with 2.8 million square feet across 221 locations.

Dallas–Fort Worth and Washington, D.C., each posted a 1.7 percent coworking share, with 2.1 million square feet spread over 279 locations and 2.6 million square feet distributed among 286 sites, respectively. Houston followed closely at 1.8 percent, totaling 1.6 million square feet spanning 226 locations.

—Posted on May 29, 2025


A bar chart illustrating coworking space across the top 10 U.S. office markets, showcasing total square footage and its share of each metro’s office inventory, as per CommercialEdge data.
Source: CommercialEdge, a Yardi Systems company

As flexible workspaces remain a vital component of the office sector, several markets continue to stand out for their expansive coworking presence. February CommercialEdge data offers insights into the coworking landscape across these top-performing markets, highlighting shifts in footprint and market share.

Nationwide, coworking spaces add up to 58.5 million square feet across 7,776 locations, accounting for 2 percent of the country’s total leasable office stock. At the forefront, Manhattan retained its position as the largest coworking hub, with more than 7.8 million square feet spread across 275 locations, representing 2.3 percent of the metro’s total rentable office inventory. This underscores the enduring demand for flexible space in one of the world’s most competitive real estate markets.

Other metros with large coworking shares

Chicago and Los Angeles followed closely, each with coworking stocks amounting to 2.2 percent of total leasable office supply—above the national average, according to CommercialEdge. Chicago’s 269 coworking locations encompassed 2.9 million square feet as of February, while Los Angeles led in site count with 293 locations totaling nearly 4 million square feet. Atlanta also matched this 2.2 percent share, with 244 coworking spaces collectively covering close to 2.1 million square feet.

Denver and Phoenix posted comparable figures, with coworking making up 2.1 percent and 1.9 percent of their respective office stocks. Denver recorded 1.4 million square feet across 236 locations, while Phoenix followed with 1.3 million square feet across 155 sites.

Dallas-Fort Worth continues to be a one of the top coworking markets, with 2.3 million square feet spread across 284 locations, representing 1.8 percent of its total office space. As per CommercialEdge data, Boston and Houston report similar proportions, with Boston’s 2.7 million square feet—211 locations—and Houston’s 1.7 million square feet—232 locations—each comprising 1.8 percent of their markets’ rentable inventory.

Washington, D.C., rounds out the top 10 with 2.8 million square feet of coworking space distributed in 279 locations, representing 1.6 percent of the metro’s total office supply.

—Posted on February 18, 2025