Discussions » 📑 Supply on rise, prices drop and HQ joins biggest operator list (🔗 Visit source)
Researchers at CoworkingCafe leveraged their most recent proprietary data (from December) to break down the stock availability in the 25 largest markets, their size and distribution, as well as the leading coworking operators. They also compared the most recent numbers to those registered in the third quarter of 2023 to determine the evolution of coworking throughout the US.
In short: Average Virtual Office pricing came down to $119 from $125. Open workspaces remained steady at median of $149, dedicated desks came down to $322 from $329.
The number of US spaces (on their platforms) went up 1.28% to 6,251 from 6,172 in Q3. LA surpassed Manhattan on number of locations (268 and 267 respectfully), whilst New Jersey saw the biggest increase of 9% from 137 to 150 in Q4.
Total squarefootage increased by 3% to 120.85M sqft. Premier Workspace was surpassed by HQ in the list of the largest 5 operators, by location size amongst top 25 US markets.