Coworking companies have expanded in recent years to become the leading office tenants in some of the world’s largest real estate markets like London and New York City. The providers were willing to enter into longer lease terms with a higher base rent when many companies were shedding space and wanting shorter commitments. But 10 years of coworking lease data in six of the largest U.S. office markets show landlords view coworking tenants as viable substitutes for any traditional office tenant, according to the report from MIT’s Real Estate Innovation Lab, called "The Financial Impacts Of Coworking: Rental Prices And Market Dynamics In The Commercial Office Market."