Eric Fleming looked at coworking availability per resident across US states using data from CoworkingCafe and the 2020 U.S. Census.

Rural states like Vermont and Montana rank surprisingly high, while urban states like New Jersey and Rhode Island rank low, and big markets like California, Texas, and New York land in the middle once you adjust for population.

The takeaway for operators and real estate teams is that total market size alone can be misleading, per resident availability shows where a market is mature versus where there's room for more supply.