The U.S. coworking market added 145 new spaces in the first quarter of 2025, bringing the national total to 7,840, which is a 2% rise since the end of last year, according to Coworking Cafe. But the real story is the rise of unexpected cities leading the charge.
Surging Cities
San Antonio posted the biggest jump in space size, growing 18% in total square footage. Chicago also made headlines by adding 16 new locations, nearly matching Manhattan’s total. Brooklyn grew 8%, and Southwest Florida saw a 10% spike, showing that demand is strong outside the usual hotspots.
White Plains and Pittsburgh saw big gains in average space size, climbing 15% and 12%, respectively. Meanwhile, traditional markets like San Francisco and Charlotte saw declines.
Top Market Shakeup
Los Angeles remains the nation’s coworking capital with 304 spaces. Washington, D.C. moved up to second with 286, nudging Dallas–Fort Worth into third. Manhattan and Chicago are now neck-and-neck, with 280 and 279 locations.
Virtual Office Demand Soars
The biggest pricing move came from virtual offices. National median rates jumped from $120 to $149 — a sharp increase driven by businesses needing remote support without renting physical space. Meanwhile, open workspaces and dedicated desks held steady at $149 and $300, respectively.
HQ Outpaces Competition
Among major coworking brands, HQ was the fastest mover, growing 16% to reach 281 locations. Regus, the largest operator, now runs 1,073 sites nationwide. Other players like Spaces and VAST also added locations, while WeWork stayed flat.
What’s Next
Q1 showed steady growth, with many midsize markets outperforming big cities. With hybrid work still strong, coworking providers are adjusting fast and targeting the right places at the right time.
