πŸ’Œ Newsletter Mentions

21 Results

πŸ‡ΊπŸ‡Έ 157 new US spaces, and DC bumps Manhattan from 3rd spot

CoworkingCafe’s last quarterly report (using proprietary data as of December 2024) just dropped. Across the 25 largest US markets they saw:

National mean pricing remained stable for dedicated desks ($300), VO ($120), while hot desks saw a subtle $1 decrease to $149.

A 2% quarter-on-quarter growth nation-wide in number of coworking spaces, up to 7,695 from 7,500. This adds 3.3M sqft, bringing the total flex space to 136.8M sqft. Biggest growth in Salt Lake City (8%) and Austin (5%) by number of spaces. LA still leads the table of most coworking spaces with 292 spaces, followed by DFW (286), Washington D.C. (277) – bumping Manhattan (273) to fourth spot.

Regus remains the biggest individual brand (1,018 locations), with Industrious (147) replacing WeWork (137) in second spot. Spaces (124) and HQ (119) – both also IWG brands -top out the top 5 chart.

Comparing Q4 2024 vs Q4 2023 – 23% growth from 6,251 spaces and a 13% growth (or 16M sqft) in total square footage.

πŸ’¬ Discuss this Β· πŸ”— Direct Link Β· ⏱️ 8 days ago Β· πŸ“© Week 06, 2025 Β· πŸ“ˆ Data

πŸ‡¬πŸ‡§ UK & Ireland surpass 3,300 coworking hubs

Yardi‘s CoworkingCafe has also just released its UK and Ireland Q4 2024 Coworking Report.

In it they report that the UK and Ireland have a combined inventory of 3,326 flexible workspaces, up from 3,089 in Q3 2024. Greater London leads the way with 895 spaces, followed by Manchester (78), Birmingham (55), and Bristol (53). Dublin dominates the Irish market with 120 spaces.

Pricing for coworking subscriptions shows considerable variation. UK median price for a dedicated desk is Β£210, while open workspaces average Β£156. Brighton and Hove command the highest prices for dedicated desks and open workspaces, while Greater London is the most expensive for virtual offices and meeting rooms. In Ireland, dedicated desks and open workspaces are generally more expensive than in the UK, with median prices of €277 and €200 respectively.

When it comes to the largest operators in the region, by number of spaces, Regus leads with 78, followed by Fora (63), Workspace Group (57), Spaces (40) and The Boutique Workplace Company (39).

πŸ’¬ Discuss this Β· πŸ”— Direct Link Β· ⏱️ 2 days ago Β· πŸ“© Week 06, 2025 Β· πŸ“ˆ Data

πŸ‡¬πŸ‡§ Big shifts in which flex providers are getting leases

Paul Thomas shares some interesting shifts highlighted by recent CoStar data. We see a big move from the established brands to newer, high-end operators who are winning more and more deals.

For 2018 to 2022, flex leasing was going to Spaces (25%), WeWork (19%), Regus (16%), Instant Offices (13%), Orega (11%), X+Why (7%), Pure Offices (5%) and Gilbanks (4%).

Fast forward to 2023 and 2024: Cubo (33%), Orega (13%), IWG (13%), 2-Work (9%), Runway East (9%), Re-Defined (8%), Gilbanks (8%) and Wizu Workspace (7%).

πŸ’¬ Discuss this Β· πŸ”— Direct Link Β· ⏱️ 16 days ago Β· πŸ“© Week 04, 2025 Β· πŸ“ˆ Data

πŸ‡¬πŸ‡§ England, Scotland, Wales and Northern Ireland see growth

CoworkingCafe just released their quarterly report on the state of the coworking in the United Kingdom and Ireland.

In it they share that the region now boasts 3,089 locations (2,718 in England, 202 in Scotland, 105 in Wales and 64 in Northern Ireland). Greater London still leads by size with 887 spaces, followed by Manchester with 74 hubs.

The national median price for dedicated desks sits at Β£210, with Brighton and Hove holding the highest median price at Β£310, and Newcastle and Sheffield at the other end of the price spectrum at Β£189. Open space median prices are Β£160 (Β£245 in Greater London). VO are Β£50 per month nationally, while Greater London has the highest median price at Β£100. Meeting rooms are listed at a median hourly rate of Β£25 at the national level, reaching as high as Β£46 / hour in Greater London.

Regus leads the pack regionally with 195 coworking spaces throughout the UK (with less than half of its national portfolio is concentrated within the 15 busiest coworking markets). Fora comes in second with 66 spaces nationally, 64 of which are concentrated in the top 15 markets – particularly London. With a similar distribution pattern, 55 out of Workspace Group’s portfolio of 57 coworking locations, are in the top 15 cities, predominantly in the London area. The Boutique Workplace Company comes in fourth with 40 and Spaces rounds out the top 5 with 39 coworking spaces.

Ireland has a total of 234 coworking spaces, almost half of which can be found in Dublin – 116. The top three operators in Dublin are Pembr, which has 18 coworking spaces, Iconic Offices with 12 spaces and Regus with 9 spaces.

πŸ’¬ Discuss this Β· πŸ”— Direct Link Β· ⏱️ 95 days ago Β· πŸ“© Week 45, 2024 Β· πŸ“ˆ Data

πŸ‡ΊπŸ‡Έ US coworking locations pass 7,500 milestone for the first time

Numbers are in for CoworkingCafe‘s Q3 US coworking industry report for 2024. Looking at the 25 largest U.S. markets they share some interesting insights (that can be compared to Q2 results here).

Highlights include a surge in demand to 7,538 spaces (passing 7.5k for the first time, and up 7% from last Q). This growth also saw almost 5M sqft added in Q3, pushing total coverage to over 133.5M sqft (a 5% Q-o-Q jump). Nashville saw the largest growth, adding 22 spaces (or 24%), followed by Indianapolis and Philadelphia with gains of 12% and 9%, respectively. Nashville also recorded the largest coverage growth at 13%, reaching 2.09 M sqft by the end of Q3. San Francisco posted a 12% gain, now recording 3.62M sqft of coworking spaces.

Membership prices remained stable, with the national median for dedicated desks holding firm at $300/month. VO and open workspace rates increased slightly, by just $1, reaching $120/month and $150/month, respectively.

Regus, WeWork, Industrious, Spaces and HQ remained in the lead, with HQ continuing to significantly expand its portfolio by adding 10% more spaces nationwide in Q3, reaching 236 locations. Regus maintained its lead with 998 locations across the country after a slight 2% increase Q-o-Q.

πŸ’¬ Discuss this Β· πŸ”— Direct Link Β· ⏱️ 113 days ago Β· πŸ“© Week 43, 2024 Β· πŸ“ˆ Data

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