Greater Los Angeles has emerged as the leading city for coworking offices, boasting 304 locations and over 6.8 million square feet of dedicated space. A 16% increase in the median price for open workspaces underscores heightened demand. Conversely, Orange County saw a decline in coworking spaces, signaling varying preferences for shared office environments. The nationwide growth trend in coworking continues, with a total of 7,840 offices now in operation as secondary markets begin to expand their offerings, illustrating a shift in work culture and space usage across the country.
Greater Los Angeles leads the nation in coworking offices, with 304 locations and 6.8 million square feet dedicated to this rapidly growing sector.
The median price for open coworking offices surged to $185, reflecting a nearly 16% increase, while dedicated desks saw a slight decrease in L.A.
Orange County experienced a 4% drop in coworking space, showing less interest among its workforce in shared office environments compared to L.A.
Nationwide, coworking office growth continued, with a 2% increase leading to 7,840 locations, indicating strong demand across diverse markets.
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