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Coworking Demand Heats Up As Supply Lags

Newark claims the highest growth among freelancers, followed by Riverside, Honolulu, and Fort Worth.

Coworking spaces now span more than 120 million square feet across 5,800 locations in the US — but supply is still falling short in many major cities, according to new data from CommercialEdge.

Newark claims the highest growth among freelancers between 2019 and 2021, with an increase of 85%, but the city has just two coworking spaces per 1,000 freelancers. The same goes for Riverside, Honolulu, and Fort Worth. In Honolulu, freelancers make up more than 4% of the total workforce. And in the Midwestern and Southern enclaves of Indianapolis, Nashville, and Milwaukee, there are just three coworking spaces per 1,000 freelancers.

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Lynn Pollack

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