Neal Freiman
๐ค SpeakerAppearances Over Time
Podcast Appearances
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Yeah, at least to my pea brain, coworking was a concept that always made sense intuitively because it clearly scratches an itch.
Companies want flexibility when it comes to their office space.
And yes, coworking is slowly coming back from that big blow up a few years ago.
Three years ago, co-working space in the U.S.
totaled about 115 million square feet at about 5,800 locations.
Today, co-working space in the U.S.
is about 158 million square feet in nearly 8,800 locations.
So there's been a ticking up.
That's according to the data from Yardi.
And Yardi expects this growth
only to continue currently co-working accounts for about 2.2% of U.S.
office stock, which is up from 1.7% three years ago.
But you already expect that this number, this share, will actually go to 10% as things kind of shake out and companies find the right business model for co-working that can actually work.
And you mentioned satellite offices.