United States Coworking Space Market Overview, 2030

The U.S.A coworking market is evolving rapidly, driven by hybrid work, freelance growth, and demand for flexible office solutions. Coworking in the U.S. began in the mid-2000s, driven by freelancers and startups seeking affordable, collaborative spaces. It grew rapidly through the 2010s, fueled by tech hubs and urban professionals. Post COVID, the market shifted toward suburban and remote-friendly locations, aligning with hybrid work trends. Unlike traditional office leasing, coworking offers flexibility, shared resources, shorter commitments, and community engagement appealing to both individuals and companies adapting to changing workplace norms. The U.S. coworking industry features a diverse mix of established leaders and niche entrants. WeWork remains a major player, offering flexible office solutions globally, especially to enterprise clients, though it's shifting to an asset-light model post-restructuring. Industrious stands out for its hospitality-driven, premium spaces and landlord-partnered model, minimizing financial risk. IWG, operating brands like Regus and Spaces, offers a wide footprint with traditional and modern coworking products, expanding through franchising into suburban areas. Convene specializes in high end meeting and event spaces, catering to corporate offsites and hybrid events. Mindspace focuses on design centric environments that appeal to creative teams. Serendipity Labs targets professionals in suburban markets with a franchise model and upscale positioning, while Expansive formerly Novel Coworking owns its properties, enabling more competitive pricing. New entrants like The Yard, Common Desk, and Venture X are gaining traction by targeting niches such as women focused, wellness-oriented, or dog friendly spaces offering opportunities for differentiated models in both urban and secondary markets.

According to the research report ""United States Coworking Market Overview, 2030,"" published by Bonafide Research, the United States coworking market is anticipated to grow at more than 10.11% CAGR from 2025 to 2030. Recent developments in the U.S. coworking industry highlight significant transformation and momentum. In early 2025, CBRE fully acquired premium coworking operator Industrious, signaling strong institutional confidence in the flexible office model and accelerating the trend toward landlord-partnership, asset-light strategies. Meanwhile, new concepts like Verci in New York are redefining coworking by blending workspaces with social club features, attracting Gen Z–focused startups through community-driven, experiential environments. Regional players such as Urban Co-Works are expanding aggressively into smaller cities and suburban markets, meeting the growing demand outside traditional urban centers. Former WeWork founder Adam Neumann has also re-entered the market with a new company, Workflow, focusing on coworking within residential buildings through property-owner collaborations another example of reducing fixed lease liabilities. New players can capitalize by targeting specific niches such as wellness focused, women led, or industry specific coworking spaces e.g., for creative or legal professionals. Asset light models partnering with landlords instead of leasing reduce upfront costs and financial risk. There’s also room for innovation through technology integration, offering app based access, smart workspace management, and AI-driven user personalization. Additionally, spaces that blend hospitality, community engagement, and flexible memberships can differentiate themselves from traditional providers. New entrants that prioritize local community needs, create value through design and experience, and maintain operational flexibility will be well-positioned to succeed in this evolving landscape. To successfully penetrate the U.S. coworking market, new entrants should adopt a strategic, localized approach. Begin by identifying underserved cities or suburban regions with rising remote and hybrid workforces but limited flexible office options. Leverage asset light models such as revenue sharing partnerships with landlords to minimize capital risk and scale efficiently. Offer differentiated value through niche targeting e.g., wellness-oriented, women focused, or industry specific spaces and customizable membership plans that cater to freelancers, startups, and corporate teams alike. Invest in technology to streamline operations booking systems, access control, and usage analytics and emphasize community building, which remains a key driver of member retention. Build brand trust through local collaborations, events, and partnerships with real estate brokers and HR teams of mid-size companies.

The U.S. coworking industry offers a variety of space types tailored to different user needs and work styles. Open coworking spaces, with communal desks and flexible seating, appeal to freelancers and early-stage entrepreneurs seeking affordability and community engagement, though demand has slightly declined post COVID due to increased preference for privacy, health safety, and focused environments. In contrast, private offices have emerged as the most in-demand and profitable offering, especially among startups, SMEs, and enterprises embracing hybrid work. Virtual offices are gaining traction as remote-first businesses proliferate. These solutions offer a cost-effective way to establish a professional presence through physical mailing addresses, receptionist services, and on-demand meeting room access key services delivered by companies such as Davinci and Alliance Virtual Offices. Meanwhile, event spaces and meeting rooms are increasingly monetized by operators like Expansive and Convene, offering non-members access to conference rooms, offsite venues, and training areas on an hourly or daily basis often with added hospitality services. These space types enable coworking providers to attract diverse user segments, optimize occupancy, and offer flexible packages that adapt to evolving work patterns.

The U.S. coworking market serves a wide range of end users, each with unique needs and usage patterns. Freelancers and individuals traditionally the backbone of coworking seek affordable, flexible desk options and value community engagement and networking opportunities. Startups and SMEs form a core revenue stream for coworking providers, as they need scalable, professional spaces without the long-term commitment of traditional office leases. They demand a mix of private offices, meeting rooms, and business services like mail handling and high speed internet. Large enterprises now represent a rapidly growing user group, driven by hybrid work strategies and a desire to decentralize office footprints. These clients require premium amenities, secure infrastructure, and enterprise grade customization features, leading providers like Industrious, Convene, and IWG offer fully branded office suites with custom signage, color schemes, and even company specific artwork. Floor plans are often tailored to include private offices, collaborative zones, and dedicated meeting rooms, with furniture and layouts designed for team functionality. Technological integration is critical enterprises are provided with secure, private networks, access control systems, and tools that integrate with their internal IT infrastructure. Remote workers use coworking spaces primarily to escape the isolation and distractions of working from home while maintaining the flexibility they value. These spaces provide a structured, professional environment that helps improve focus, productivity, and work life separation.

The U.S. coworking industry operates through several key business models, each offering distinct advantages and challenges. The most common is the membership or subscription-based model, where users pay recurring fees for access to desks, private offices, or virtual services offering predictable revenue and user flexibility, as seen with providers like Industrious. The lease or rental-based model involves operators leasing large commercial spaces and subleasing them to members, allowing for full control but exposing the operator to high fixed costs and financial risk, particularly during downturns. To mitigate such risks, many operators are shifting toward hybrid models, including management agreements or revenue-sharing partnerships with landlords an asset-light approach that enables more stable growth, exemplified by Industrious’s transition away from leases. Additionally, owned and franchise operated models offer long term real estate investment opportunities or scalable brand expansion, respectively, with players like Venture X and Serendipity Labs leading in franchising. Each model offers unique strategic pathways, allowing new entrants to choose based on capital availability, risk tolerance, and growth ambitions. Each model has its trade-offs, but trends clearly favor hybrid and asset light structures that reduce risk and support agile expansion making them the preferred path for new entrants and established players alike in the evolving coworking landscape.

Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Coworking Space Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Space Type
• Open Coworking Spaces
• Private Offices
• Virtual Offices
• Event Spaces & Meeting Rooms

By End User
• Freelancers/Individuals
• Startups/SMEs
• Large Enterprises
• Remote Work

By Business Model
• Membership/Subscription-based
• Lease/Rental-based
• Hybrid Models
• Others (Owned, Franchise-operated Coworking Space) Show more