The industry's annual contribution to the state economy is estimated at $47.5 billion—86 percent higher than the national average, says Andrew Judd, Cushman & Wakefield's New Jersey market leader.

Donovan left Cushman & Wakefield where he was a vice chairman, investment sales, focusing on Queens.

Another 3 million square feet of new space has opened in the first half of 2018 with markets such as Seattle, which has more than 1 million square feet of coworking space, says a Cushman & Wakefield report.

Depending on the size of the lease, WeWork could become the largest office tenant in New York City. WeWork currently leases approximately 4.6 million square feet of office space in New York City, exceeded only by JPMorgan Chase.