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🏑 What is driving a 240% coworking suburban surge?
Yardi Kube’s latest white paper focusing on coworking’s "suburban surge". In the paper, Expand πŸ‘‡ several industry experts share what they believe and see to be driving this trend.
We also see some interesting new data-points, namely that 15% of all office space enquiries that move through Yardi’s listing network are for coworking space (up from 6% in 2022). Turner Levison also highlights that the suburban coworking footprint has swelled by 9M sqft in just one year, while suburban demand has surged by 240%.
πŸ’¬ Discuss this.
πŸ—ž Week 42, 2024
πŸ”— Direct Link
πŸ“ˆ Data
⏱ 98 days ago.
πŸ“¦ Chandler, Arizona gets new flex office and warehouse combo
Fuse Flex Space, a new coworking and co-warehousing facility in Chandler, Arizona, offers a hybrid Expand πŸ‘‡ solution combining 8k sqft of private office space with 20k sqft of air-conditioned warehouse space. The space caters to entrepreneurs and small businesses needing both office and industrial/storage facilities under one roof.
Coworking for warehousing/ecommerce is a growing flex segment, and we’ve seen a lot of movement this year. Another shift in the market also adding to the growth in the suburban flex market.
πŸ† Who knocked NYC from their top coworking position?
DFW’s coworking inventory increased by 5% in Q2 2024 – surpassing Manhattan in number of coworking Expand πŸ‘‡ spaces for the first time – and is now the second-leading market in the nation, closely behind Los Angeles.
As part of other data complied and published by Coworking Cafe, the Dallas-Ft. Worth market has knocked NYC out of 2nd place for highest number of flex workspace/coworking spaces with a total count of 271 locations. LA (barely) held onto the #1 spot with 279 locations. NYC still remains #1 in total square feet of flexible workspace at over 11 million – more than double the footprint of DFW location.
Bisnow reports that a driver of this growth is development within DFW’s desirable suburban communities, where coworking operators are bringing the office to the employees versus the other way around. Nadim Ahmed, Venture X franchise owner in Dallas-Fort Worth weighs in.
πŸ’¬ Discuss this.
πŸ—ž Week 37, 2024
πŸ”— Direct Link
πŸ“ˆ Data
⏱ 133 days ago.
πŸ‡ΊπŸ‡Έ SimplerSpace opens new Chino location
SimplerSpace, the suburban "sub-brand" of TailoredSpace, are opening a 50 office hub in Expand πŸ‘‡ Chino, California – covering about 13.5k sqft. This locations is their 3rd, following previous SimplerSpace launches in Calrsbad and Placentia.
CEO Drew Sanden notes that the SimplerSpace will continue a growth and differentiation strategy within suburban markets.

Beth DeGraffenreid, founder of Essential Offices dives into her journey from suburban coworking to Expand πŸ‘‡ the bustling heart of Oklahoma city (and more) on the Flex Uncensored podcast.

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