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The Growth of Shared Workspace

The Growth of Shared Workspace
NYC NewTrends
 

The Growth of Shared Workspace and Its Impact
on the New York City Market

The growth of coworking is astounding. This real estate niche is changing the way people work and how new companies grow. The number of locations citywide, their total occupancy and the number of new providers have increased by multiples in just six years. This rapid expansion has led to lively debates about the future of coworking in New York City.

  • 767% growth in square footage occupied since 2009
  • Coworking represents 1.2% of Manhattan's total inventory
  • 180 locations in New York City, up 86% since 2009

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