Coworking space statistics in 2026: what the latest inventory, pricing, and operator data show
Coworking has moved well past the early-growth stage. The most recent numbers show a market that keeps expanding in space count, square footage, and operator footprint, while pricing and local inventory shifts vary sharply by city.
Table of contents
- Fast facts
- U.S. coworking inventory by quarter
- Market hotspots and regional shifts
- Pricing benchmarks
- Square footage and average space size
- Operator footprint and scale
- What the numbers suggest for planners and operators
Fast facts
At a glance
- U.S. coworking inventory reached 7,538 spaces in Q3 2024 after steady quarterly gains (CoworkingCafe Q3 2024).
- U.S. coworking square footage topped 140.7 million square feet in Q1 2025 (CoworkingCafe Q1 2025).
- The top five operators expanded to 1,822 total locations by Q1 2025 (CoworkingCafe Q1 2025).
- National dedicated desk pricing was $300 per month in Q3 2024 (CoworkingCafe Q3 2024).
- National open workspace pricing was $150 per month in Q3 2024 (CoworkingCafe Q3 2024).
- National virtual office pricing was $120 per month in Q3 2024 (CoworkingCafe Q3 2024).
- WeWork said it had over 500,000 members worldwide in 2024 (WeWork 2024 year in review).
- IWG reported 169,000 rooms open in Q3 2024 and 173,000 rooms in pipeline (IWG Q3 2024 trading update).
Why it matters
Coworking space statistics are useful because they show more than just demand for desks. They also reveal where operators are adding locations, how pricing differs across use cases, and which metros are becoming larger-scale coworking ecosystems rather than isolated clusters.
U.S. coworking inventory growth by quarter
The national inventory figures tell a clear story: the U.S. coworking market kept expanding throughout 2024 and into early 2025, with each quarter adding more spaces or square footage.
| Period | U.S. coworking inventory or size | Change noted | Source |
|---|---|---|---|
| End of 2023 | 6,251 spaces | Baseline | CoworkingCafe Q4 2023 |
| Q1 2024 | 6,597 spaces | +6% and +346 spaces | CoworkingCafe Q1 2024 |
| Q2 2024 | 7,041 spaces | +444 spaces from Q1 2024 | CoworkingCafe Q2 2024 |
| Q3 2024 | 7,538 spaces | +7% quarter over quarter | CoworkingCafe Q3 2024 |
| Q4 2024 | 136,852,460 square feet | +3% quarter over quarter | CoworkingCafe Q4 2024 |
| Q1 2025 | More than 140.7 million square feet | +3% from Q4 2024 | CoworkingCafe Q1 2025 |
The sequence matters. Instead of one isolated spike, the market shows a continuous climb from 6,251 spaces at the end of 2023 to 7,538 spaces in Q3 2024, then into broader square footage growth by Q4 2024 and Q1 2025 (CoworkingCafe Q4 2023, Q1 2024, Q2 2024, Q3 2024, Q4 2024, Q1 2025).
Key takeaways from the quarterly trend
- The market added 346 spaces in Q1 2024 alone (CoworkingCafe Q1 2024).
- Another 444 spaces were added in Q2 2024 versus Q1 2024 (CoworkingCafe Q2 2024).
- The jump from end-2023 inventory to Q3 2024 inventory shows a market that continued to broaden rather than consolidate (CoworkingCafe Q4 2023, Q3 2024).
- By Q1 2025, the story was no longer only about location counts. The market was measured in more than 140.7 million square feet of space, signaling scale across the network (CoworkingCafe Q1 2025).
Market hotspots and regional shifts
Coworking demand is not evenly distributed. Some metros gained spaces quickly, some pulled back, and some stood out because of their sheer size rather than their growth rate.
Markets that added space
A number of markets grew quickly in 2024 and early 2025:
- Salt Lake City coworking inventory rose 15% in Q1 2024 and reached 71 spaces in April 2024 (CoworkingCafe Q1 2024).
- Minneapolis-St. Paul coworking inventory rose 13% in Q1 2024 (CoworkingCafe Q1 2024).
- San Diego coworking inventory rose 12% in Q1 2024 (CoworkingCafe Q1 2024).
- New Jersey added 13 coworking spaces in Q4 2023 and grew 9% in that quarter (CoworkingCafe Q4 2023).
- Indianapolis coworking inventory rose 9% to 76 spaces in Q2 2024 (CoworkingCafe Q2 2024).
- Nashville coworking inventory rose 8% to 90 spaces in Q2 2024 (CoworkingCafe Q2 2024).
- Nashville added 22 coworking spaces in Q3 2024 and ended the quarter with 24% inventory growth (CoworkingCafe Q3 2024).
- Philadelphia reached 150 coworking spaces in Q3 2024 (CoworkingCafe Q3 2024).
- San Diego coworking square footage rose 15% in Q4 2024 and reached 2.43 million square feet (CoworkingCafe Q4 2024).
- San Antonio coworking space reached roughly 850,000 square feet in Q1 2025 (CoworkingCafe Q1 2025).
- White Plains reached nearly 680,000 square feet in Q1 2025 (CoworkingCafe Q1 2025).
Markets that contracted or softened
Other metros showed pullbacks that are just as important for a realistic market view:
- The Bay Area coworking inventory fell 8% in Q1 2024 (CoworkingCafe Q1 2024).
- Washington, D.C. coworking inventory fell to 247 spaces in Q4 2023 (CoworkingCafe Q4 2023).
- Seattle coworking inventory fell to 123 spaces in Q4 2023 (CoworkingCafe Q4 2023).
- Minneapolis-St. Paul coworking inventory fell to 85 spaces in Q4 2023 (CoworkingCafe Q4 2023).
- Manhattan coworking inventory fell from 270 to 267 spaces in Q4 2023 (CoworkingCafe Q4 2023).
- Chicago coworking inventory fell to 229 spaces in Q4 2023 (CoworkingCafe Q4 2023).
- San Francisco lost one coworking space in Q2 2024 (CoworkingCafe Q2 2024).
- Brooklyn lost two coworking spaces in Q2 2024 (CoworkingCafe Q2 2024).
- Charlotte fell 9% to 1.41 million square feet in Q1 2025 (CoworkingCafe Q1 2025).
- San Francisco fell 6% to 3.43 million square feet in Q1 2025 (CoworkingCafe Q1 2025).
What the regional pattern suggests
The strongest takeaway is not that all markets are moving in the same direction. Instead, coworking is becoming more polarized:
- Some markets are still in active expansion mode, especially where new locations or newer space additions are driving supply growth.
- Others are trimming inventory or square footage, which can reflect consolidation, repositioning, or a more selective operating strategy.
- A few metros are important less because of quarter-to-quarter growth and more because their coworking base is already large enough to matter nationally.
Pricing benchmarks across coworking formats
Coworking pricing changed in recognizable bands between virtual offices, open workspaces, and dedicated desks. That distinction matters because the headline number for “coworking” can hide very different monthly costs depending on the format.
| Format | National median price | Selected city examples | Source |
|---|---|---|---|
| Virtual office | $119/month in Q4 2023; $120/month in Q3 2024 | Washington, D.C. $80; Chicago $205; New Jersey $205; New Jersey $210 in Q3 2024 | CoworkingCafe Q4 2023, Q3 2024 |
| Open workspace | $149/month in Q4 2023; $150/month in Q3 2024 | Manhattan $225; Washington, D.C. $200; San Francisco $200; Phoenix $119; Orange County $119; Manhattan $299 in Q3 2024; Brooklyn $277; Washington, D.C. $249 | CoworkingCafe Q4 2023, Q3 2024 |
| Dedicated desk | $322/month in Q4 2023; $300/month in Q3 2024 | Manhattan $520; Brooklyn $455; San Francisco $442 | CoworkingCafe Q4 2023, Q3 2024 |
Fast facts on pricing
- Dedicated desks were the most expensive of the three national benchmarks in Q3 2024 at $300 per month (CoworkingCafe Q3 2024).
- Open workspace and virtual office pricing stayed relatively close at the national level in the Q3 2024 data, at $150 and $120 per month respectively (CoworkingCafe Q3 2024).
- Manhattan stood out across formats, with $225 for open workspace in Q4 2023, then $299 in Q3 2024, and $520 for dedicated desk in Q4 2023 (CoworkingCafe Q4 2023, Q3 2024).
- Washington, D.C. had a lower virtual office median of $80 in both Q4 2023 and Q3 2024, but its open workspace pricing reached $249 in Q3 2024 (CoworkingCafe Q4 2023, Q3 2024).
Why the pricing gaps matter
These prices show that coworking is not a single product. A virtual office, open workspace, and dedicated desk can live in the same general category while serving different buyer needs and budget levels. The city-level medians also show how quickly local office geography can reshape cost, especially in high-demand metros such as Manhattan, San Francisco, Washington, D.C., Chicago, and New Jersey (CoworkingCafe Q4 2023, Q3 2024).
Square footage and average space size
The shift from space counts to square footage provides a better read on scale. A market can add many smaller spaces or fewer large ones, and the square footage data helps reveal which pattern is winning.
Square footage leaders and changes
- U.S. coworking square footage reached 136,852,460 square feet in Q4 2024 (CoworkingCafe Q4 2024).
- It then climbed to more than 140.7 million square feet in Q1 2025 (CoworkingCafe Q1 2025).
- Manhattan retained 11.27 million square feet in Q4 2024 (CoworkingCafe Q4 2024).
- Brooklyn coworking square footage fell 8% to 1.79 million square feet in Q4 2024 (CoworkingCafe Q4 2024).
- Chicago coworking space reached just above 8 million square feet in Q1 2025 (CoworkingCafe Q1 2025).
- Tampa-St. Petersburg-Clearwater reached more than 1.73 million square feet in Q1 2025 (CoworkingCafe Q1 2025).
Average size comparison
| Market | Average coworking space size | Source |
|---|---|---|
| U.S. average, Q4 2024 | 17,785 square feet | CoworkingCafe Q4 2024 |
| U.S. average, Q1 2025 | 17,954 square feet | CoworkingCafe Q1 2025 |
| San Diego, Q4 2024 | 18,522 square feet | CoworkingCafe Q4 2024 |
| San Diego, Q1 2025 | not stated in supplied data | - |
| Manhattan, Q4 2024 | 41,286 square feet | CoworkingCafe Q4 2024 |
| Manhattan, Q1 2025 | 40,429 square feet | CoworkingCafe Q1 2025 |
| White Plains, Q1 2025 | 10,617 square feet | CoworkingCafe Q1 2025 |
| Pittsburgh, Q1 2025 | nearly 24,000 square feet | CoworkingCafe Q1 2025 |
| San Antonio, Q1 2025 | 13,274 square feet | CoworkingCafe Q1 2025 |
| Chicago, Q1 2025 | nearly 29,000 square feet | CoworkingCafe Q1 2025 |
| Salt Lake City, Q1 2025 | 23,680 square feet | CoworkingCafe Q1 2025 |
What stands out in the size data
- Manhattan’s average coworking space was more than double the U.S. average in Q4 2024 and still far above the national average in Q1 2025 (CoworkingCafe Q4 2024, Q1 2025).
- Chicago and Pittsburgh both had large average space sizes in Q1 2025, suggesting that some mature markets are favoring bigger footprints rather than denser small-format growth (CoworkingCafe Q1 2025).
- White Plains shows the opposite pattern, with a much smaller average size of 10,617 square feet even while its total space reached nearly 680,000 square feet (CoworkingCafe Q1 2025).
Operator footprint and industry scale
The operator side of coworking tells a second story: the sector is not just expanding in rooms or square footage, but also through multi-market brands with large footprints.
Regus, WeWork, HQ, and IWG data
- Regus reached 980 U.S. coworking spaces in Q2 2024 (CoworkingCafe Q2 2024).
- Regus operated 1,018 U.S. locations nationwide in Q4 2024 (CoworkingCafe Q4 2024).
- Regus operated 613 locations in the top 25 U.S. markets in Q4 2024 (CoworkingCafe Q4 2024).
- WeWork operated 148 U.S. locations nationwide in Q4 2024 (CoworkingCafe Q4 2024).
- WeWork operated 137 locations in the top 25 U.S. markets in Q4 2024 (CoworkingCafe Q4 2024).
- The top five operators collectively accounted for 1,720 U.S. coworking spaces in Q4 2024 (CoworkingCafe Q4 2024).
- The top five leading operators expanded their nationwide footprint 6% in Q1 2025 and grew from 1,720 to 1,822 total locations (CoworkingCafe Q1 2025).
- HQ reached 281 U.S. locations in Q1 2025 (CoworkingCafe Q1 2025).
IWG and WeWork in the broader operating picture
- IWG reported 154,000 rooms open in H1 2024 and 151,000 rooms in pipeline at the end of H1 2024 (IWG H1 2024 interim results).
- IWG opened 37,000 rooms in H1 2024 and 247 centres in that period (IWG H1 2024 interim results).
- IWG had 901 centres open in H1 2024 (IWG H1 2024 interim results).
- IWG reported RevPAR of $378 per room per month in H1 2024 (IWG H1 2024 interim results).
- IWG reported 169,000 rooms open in Q3 2024 and 173,000 rooms in pipeline (IWG Q3 2024 trading update).
- IWG signed 568 new centre deals in the first 9 months of 2024 (IWG Q3 2024 trading update).
- IWG reported net financial debt of $734m at Q3 2024 (IWG Q3 2024 trading update).
- WeWork said it had over 500,000 members worldwide in 2024 and 500+ locations worldwide (WeWork 2024 year in review).
- WeWork members brought 1.1 million guests into its spaces in 2024 (WeWork 2024 year in review).
- WeWork hosted 56,010 events in 2024, averaging nearly 90 events per individual location (WeWork 2024 year in review).
- WeWork served 4.5 million cups in U.S. locations in 2024 (WeWork 2024 year in review).
Reading the operator data carefully
These figures show scale in several forms at once:
- Physical scale, through locations, rooms, and centres.
- Demand scale, through members, guests, and events.
- Economic scale, through monthly room revenue and pipeline counts.
For a coworking market analysis, that mix is useful because it shows the industry is not defined only by office inventory. It also depends on how efficiently operators can fill rooms, expand across markets, and sustain active use inside those spaces (IWG H1 2024 interim results, IWG Q3 2024 trading update, WeWork 2024 year in review).
What the coworking statistics suggest for 2026 planning
The numbers point to a market that is both growing and uneven. National inventory is rising, square footage is climbing, and top operators are still extending their footprints. At the same time, city-level supply and pricing remain highly local, with some metros expanding rapidly and others shrinking or stabilizing.
For readers comparing markets, three patterns stand out:
- Growth is broad but not uniform. The U.S. market added spaces quarter after quarter, but individual cities moved in different directions (CoworkingCafe Q1 2024, Q2 2024, Q3 2024, Q4 2024, Q1 2025).
- Size and price do not always move together. Manhattan combines very high prices with very large average space sizes, while other cities show smaller footprints or lower pricing in the supplied data (CoworkingCafe Q4 2023, Q4 2024, Q1 2025).
- Operators matter as much as locations. The leading brands are large enough to shape national totals, so the industry’s direction depends on what those operators build, open, and keep in the pipeline (CoworkingCafe Q4 2024, Q1 2025; IWG Q3 2024 trading update; WeWork 2024 year in review).