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Philadelphia’s Coworking Market Hits 1 Million Square Feet

Philadelphia’s coworking market now accounts for 1 million square feet of office space as leasing activity continues to be strong. Click To Tweet

“The coworking phenomenon continues its positive momentum both in Philadelphia and markets across the United States,” said Stephen Kriz, first VP at CBRE. “This disruptive industry has firmly established itself as an office solution for many corporations and we anticipate its growth trajectory to continue.”

CBRE also revealed a coworking firm may take up multiple floors of a City Center office building, but the deal is currently pending.

Downtown Philadelphia experienced the most leasing activity, with WeWork and Industrious signing new deals on Ludlow Street and Liberty Place, respectively. 

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based out of Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

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