Barry Greenfield shared LocalWorks are opening another location in downtown Boston.

ICYMI: the network has quickly (and mostly quietly) built a network of over 35 locations across 8 states.

The recent report by CoworkingMag (part of Yardi) highlights key developments and trends among the top 15 coworking brands in the U.S. this year.

The top 15 US brands (by number of locations) are: Regus (972), HQ (204), WeWork, (173) Industrious (145), Spaces (117), Premier Workspaces (86), Office Evolution (79), Workstyle Flexible Spaces (65), Venture X (46), Intelligent Office (43), Expansive (42), LocalWorks (36), COhatch (34), Serendipity Labs (28) and Lucid Private Offices (27).

What’s changed since the last report? Regus (part of IWG) saw a 17% growth since December 2022, keeping first position. HQ climbed to second place with a meteoric 240% growth from May 2022. WeWork dropped 1 place after closing 73 US locations. Lucid Private Offices joined the top 15 with the second largest growth rate of 23%.

Overall, the U.S. coworking market added 1,166 new locations from December 2022 to the beginning of May 2024 – a 20% increase in the span of more than one year. Meanwhile, the top 15 coworking operators grew their inventory by 14% in total – a sum of 252 new locations.

Barry Greenfield shares that LocalWorks have kicked off 2024 with multiple new locations, including: Louisville KY, Rockville MD (their 2nd there), downtown Chicago, and Fairfax VA (their 3rd there). They also hint at more locations can be expected to be announced this month.

Barry Greenfield shares why Manzo Freeman Development partnered up with LocalWorks to run their flex space in Lawrence Massachusetts.

In short? The goal was to support and nurture local business, hoping they’ll graduate to larger spaces in the rest of the building. Great to see more landlords partnering up to nurture their local communities.

CoworkingCafe (which you may remember we introduced as Yardi’s new booking platform in w29/22) shares who the largest US operators are according to their data/listings based on number of locations.

The top 15 are: Regus (832), WeWork (246), Industrious (135), Spaces (117), Premier Workspaces (87), Office Evolution (81), Workstyle Flexible Workplaces (60), Intelligent Office (45), Expansive (43), Venture X (42), LocalWorks (31), COhatch (30), Carr Workplaces (27) and Serendipity Labs (27). They also share that they’d say there’s 5,723 locations nationally.

I’m not sure about these results given I’ve not seen the data, but the national number seems very low, and Regus + Spaces are the same operator, but different brands, but interesting nevertheless.