Co-working Is Not Just "Office Centric"

Flex space has also penetrated the retail, hospitality and multifamily industries.

By Tanya Sterling | March 08, 2019 at 07:29 AM

CHICAGO, IL—Co-working options are reshaping the U.S. office market as the sector has grown approximately 23% each year since 2010, according to new research from JLL. In 2018, more than two-thirds of the US office market occupancy was flex space and JLL predicts it will make up almost 30% of the market by 2030, compared to less than 5% today.

“Co-working, however, is not only office-centric,” says Scott Homa, Senior Vice President and Director of US Office Research, JLL. “Flex space has also penetrated the retail, hospitality, hotel and multifamily industries.”

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