Office Report: Demand Shifts as Coworking Gains Momentum

The coworking sector continued to expand in response to hybrid work trends, offering companies flexible, cost-effective alternatives to long-term leases, according to the latest Yardi Matrix national office report.

Nationally, flex space accounted for 2.1 percent of total office inventory, up 20 basis points year-over-year. Among the top 25 markets, Chicago saw the largest increase—up 60 basis points to 2.6 percent—followed by Atlanta, San Diego, Orlando, and Miami...

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RSK: Many reasons for this. One being, with all these tech layoffs many of those workers are going solo or banding together and, rather than work from home, are leasing flex space. This also gives them an office in many cities if they need to travel.