The total number of U.S. coworking locations declined in the second quarter, the first time that has happened since at least 2023, according to CoworkingCafe.A stronger first quarter has kept the total number of new locations in 2025 in positive territory, but coworking operators have gone from expanding at breakneck speed to a snail`s pace. Growth has slowed, but there are early signs that rising demand from corporate clients could fuel coworking’s next leap forward.
“We`ve already made up for the Q2 reduction in count alone in Q3, from what we`ve seen from openings,” said Peter Kolaczynski, the director of research at Yardi, which owns flexible space booking website CoworkingCafe and a majority stake in WeWork.
The coworking sector hasn’t been immune to the macroeconomic waves undulating from the trade war being waged from the White House. The biggest operators pressed pause on expansion plans while they waited for more solid ground on which to transact, and smaller operators have been squeezed by rising costs, Kolaczynski said.
Since 2023, more than 1,500 new coworking locations totaling 21M SF of office space have opened their doors across the U.S, bringing the sector’s total U.S. footprint to 141M SF. But the pace of expansion has slowed considerably after an explosive 2024...
RSK: Seems logical as workers return to the office, coworking expansion would slow.
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- - Volume: 25 - WEEK: 34 Date: 8/19/2025 1:25:50 PM -