Coworking spaces are essential for offering creative solutions that satisfy the needs of both individuals and enterprises as the nature of work continues to change and places more focus on flexibility, collaboration and remote connectivity.
According to CoworkingCafe’s recently released coworking industry quarterly report, in the first quarter of 2024, Denver’s coworking supply continued its upward trajectory, now standing at a total of 219 spaces.
The report breaks down the coworking space stock availability in the 25 largest markets, the spaces’ size and distribution and the leading coworking operators.
It also compares the most recent numbers to those registered in the fourth quarter of 2023 to determine the evolution of coworking throughout the nation.
Here’s how the Denver coworking market performed in the last quarter:
- Denver saw an 8% increase in the coworking spaces supply, which translates to 16 more coworking spaces. The market climbed two spots, surpassing Houston and Atlanta, and now stands in the 6th place nationally for the number of spaces.
- In terms of total square footage, Denver remained 9th nationwide with 3.66 million sqft., an increase of 9% compared to Q4 2023.
- The average sqft. in Denver increased by 1% from 16,481 sqft. in Q4 of last year to 16,697 sqft. in Q1 of 2024.
- In terms of pricing, dedicated desks dropped $2 in Q1, now standing at $323, while virtual offices and open workspaces kept the same rates – $99 and $175, respectively.
- The national coworking supply now stands at 6,597 spaces, registering a 6% increase from Q4 2023.
Click here to read the full industry report: https://www.coworkingcafe.com/blog/national-coworking-report/
For better context, check out the State of the Industry Report Q4.
