Cushman & Wakefield (C&W) recently published the report “Coworking and Flexible Office Space: Additive or Disruptive to the Office Market?”, which examines the coworking sector and what we can expect for its future.
As has been extensively documented, the coworking industry is booming. The flexible workspace market is the fastest growing industry in Manhattan; in Asia and Australia the industry is growing at an incredible pace; large corporates have started to embrace coworking, and coworking, in general, has become the new normal. Moreover, the industry has taken up more than 5 million square feet of new space in each of the past three years.
- Key findings from Cushman & Wakefield’s latest report (August 2018) into the US coworking market.
- In the first half of 2018, coworking space accounted for
over 10% of all new leasing deals in Washington DC, San Francisco, and
Manhattan.
- The majority of locations are managed by large and well-capitalized providers, which C&W says reduces risks to the industry as a whole.
RSK: Maybe yes but in the long run it is still the future.
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- - Volume: 6 - WEEK: 37 Date: 9/11/2018 8:31:10 AM -