X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
chi-makeofficeschicago (4) Washington, DC-based MakeOffices has opened several Chicago locations, including ones in River North, North Michigan Ave. and in the Loop.

CHICAGO—Co-working has become of the true engines of the Chicago region’s office market, and all signs point toward robust growth for the foreseeable future. According to Colliers International, which just issued a new report on co-working, at the beginning of 2014 providers occupied 788,898 square feet of office space across thirty-eight locations throughout the CBD and its surrounding neighborhoods. And of that space, long-standing provider Regus had 425,007 square feet, or about 54% of the market. Since then, an array of co-working companies entered the city’s market, which now consists of 2,577,471 square feet of office space dispersed amongst 99 locations, leaving Regus with a market share of approximately 15.3%.

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.

More from this author

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.