Coworking Expands as Office Vacancy Rates Continue to Rise
According to Yardi, coworking spaces continued to expand across the U.S., with 7,814 locations now covering 140.1 million square feet, reflecting 25% year-over-year growth in inventory. The Southeast led with 1,960 spaces (up 24.2%), followed by the Midwest (up 27.7%), West (up 16.7%), and Northeast (up 17.5%). Other key highlights: Western office markets continued to record some of the highest vacancy rates in the nation in February. San Francisco remained the most distressed market […]
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