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Downtown Chicago’s Coworking Market Continues To Grow

A new report from Newmark Knight Frank estimates that Downtown Chicago’s coworking footprint will reach 9 million square feet in 2023, up from 3.2 million square feet in 2019.

According to the report, large companies with at least 500 employees have driven recent growth within this market, and will continue to do so in the future.

Currently, WeWork accounts for 33% of the area’s market, followed by Novel Coworking at 10%, Convene at 9% and Industrious at 6%.

While there may be a near-term slowdown of new spaces in the next year or two, 2023 will prove to be a big year for the industry.

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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