SANTA BARBARA, Calif., — The U.S. coworking sector now spans 9,135 locations and 164 million square feet of space, yet flexible workspace still accounts for just 2.28% of the nation’s total office inventory. A new market intelligence tool from CoworkingCafe, part of the Yardi network, aims to make that number easier to track.
The Coworking Index, available at coworkingcafe.com/index, benchmarks the sector across 120 U.S. metros, offering the first dedicated, regularly updated visual resource for measuring coworking’s footprint against the broader office market. As the sector matures and enterprise adoption accelerates, market participants need more than headline figures to identify where growth is concentrated and how individual markets compare.
“The industry has talked about a 30% target for years. We’re at 2.3% today, but with office vacancy at 18.5% and physical occupancy around 60%, the conditions for a real shift are already here. We built the index so people can actually watch it happen.” Sam Rosen, Director at Yardi
The Coworking Index addresses that need. It provides a national heatmap of coworking activity across all 120 tracked metros, detailed breakdowns of the top 25 markets by location count, square footage and coworking penetration as a share of total office space, and state-level data for the top 50 markets. Top 10 market rankings are presented with visual overlays that make it possible to compare scale and density at a glance.
Built on the Industry’s Deepest U.S. Data Set
The Coworking Index draws on the same proprietary data that powers CoworkingCafe’s widely cited quarterly U.S. industry reports — research that has been referenced by Bloomberg, Forbes and The Business Journals. By making this data available through a dedicated, visual tool, updated monthly, CoworkingCafe complements its periodic research with a resource built for benchmarking, market comparison and expansion planning.
Industry Context
The launch comes as U.S. coworking continues to expand with increasing discipline. The national operator base grew to 4,338 unique operators in 2025, a net gain of 609 new entrants in a single year. At the same time, growth has concentrated in markets and formats best positioned to serve sustained hybrid demand, a pattern that points to a sector that is maturing, not simply scaling.
With coworking still representing just over 2% of total U.S. office inventory nationally, the gap between current penetration and potential demand suggests significant runway ahead, particularly as enterprises continue integrating flex workspace into long-term real estate strategy.
Availability
The Coworking Index by Yardi is available now at: https://www.coworkingcafe.com/index/.
Press release: https://www.coworkingcafe.com/blog/coworkingcafe-launches-coworking-index-benchmarking-tool/.
About CoworkingCafe
CoworkingCafe is the most comprehensive global directory of coworking and flexible workspaces, with more than 28,000 locations listed worldwide. Part of the Yardi network of commercial real estate platforms, its quarterly U.S. industry reports are among the most widely cited sources of coworking market intelligence in the country. CoworkingCafe integrates with Yardi Kube, the leading platform for coworking operations management.
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies across the world. With more than 10,000 employees, Yardi is working with clients globally to drive significant innovation in the real estate industry. For more information, visit yardi.com.
