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New York is the World’s Most Expensive Coworking City

Jo MeunierbyJo Meunier
July 9, 2019
in News
Reading Time: 1 min read
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New research from The Instant Group, a global flexible workspace brokerage, has found that New York remains the most expensive market for flexible workspace in the world.

The city averages $1,063 per desk, which comes despite a decrease in desk rates of 4%. This is due to a supply increase year-on-year of 21%, much of which is based in the less expensive coworking markets of Brooklyn and Queens.

Behind New York, San Francisco had the second highest cost-per-desk, at $951 per desk.

Around the world, Instant’s data shows that demand for flexible space was almost double the global average in Berlin, Paris, Chicago, Los Angeles, and Vancouver year-on-year.

Of the 18 cities analyzed, flexible space represents 5% of overall office space, showing immense future growth potential despite already significant surges in growth and supply.

Instant’s forecast suggests that flexible workspace could take up between 30% and 40% of total office space in the next decade.

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Jo Meunier

Jo Meunier

Jo is Allwork.Space's Senior Editor for the UK and Europe. Jo has worked within business centre and coworking circles since 2009, researching and contributing written features for numerous industry publications. She reports on the latest market news and delves into local issues with one main objective: to champion the flexible workspace industry and its members.

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