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Co-Working Now Fuels the US Office Market

If co-working providers were left off the first quarter statistics, the US office market would have contracted.

col-serendipity columbus The vision for 900 N. High St. in Columbus’ Short North neighborhood, where co-working provider Serendipity Labs will have 22,000 square feet.

CHICAGO—The US office market slowed down in the first quarter, partly because activity in the tech sector, which has recently fueled much of the market’s growth, was uncharacteristically slow. Overall, the market recorded just 3.7 million square feet of positive absorption, according to a report on the first quarter by Chicago-based JLL.

Another factor that had tenants throughout the nation tapping the brakes a bit was the drive to shrink office footprints by using space more efficiently.

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Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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