Coworking and flexible workplace companies had a surge in leasing activity last year, increasing by 200 percent from the year before, but experts don’t expect that stratospheric growth to continue.
Leasing activity for coworking firms accounted for 18 percent of all deals in 2018 in Manhattan, with 111 leases signed, a significant increase from the 6 percent it comprised in 2017, according to a year-end CBRE report released today. The sector previously held steady at 6 percent since 2015. (Statistics exclude coworking deals done on a management basis.)