With the rise of free thinkers and entrepreneurs, the trend of coworking has picked up its pace in recent years. Further facilitating the shared office markets to innovate and grow which is making it new potential to invest in. You can walk in with your laptop and choose a membership at a pocket-friendly price to start working. Further, these spaces provide all the amenities that teams or individuals could ask for an effortless sailing at work. Almost 4 billion SF of office spaces in the U.S is owned by shared office space companies. Further, among these D-FW’s 20% growth last year is most remarkable and noticeable in the industry. Hence, The Dallas Fort Worth ranks first in the growth context and is awarded the fastest growing shared space. It also ranks seventh largest in owning flexible office space.
The trends and their effects on the U.S shared space market
Dallas Fort Worth aced the shared office space trend with its 20 % growth figure which is almost 2.5 million square feet. This growth has helped D-FW in ranking 7th in terms of area’s coworking. Last year Seattle ranked first in terms of growth with 44% growth in flexible space. Moreover, in Manhattan and San Fransico, the coworking spaces make 3% and 2% of the city’s office inventory. Moreover, these two cities ranked first and second respectively in owning the highest shared office spaces.
As per CBRE, this contagious trend is spreading across major industries in the U.S like retail and real estates. WeWork is the largest office space provider in North Texas with facilities in Dallas, Uptown, Plano e.t.c. Some of the other shared office space where you can walk in are Common Desk, Venture X and Serendipity.
Coworking companies own 20 million Sq feet of U.S. office space as per CBRE reports in 2018. Further, ranking as the first runner up after tech firms.
Facts and figures aside are you still not sure about co-working? Get a day pass and give it a try. You’ll not only have a comfortable desk but also an opportunity to meet people and make connections. Additionally, you can avoid the gym memberships, parking fees, and coffee bills. How? Because you will be enjoying all of them within your membership at most of Dallas coworking spaces. These shared office spaces will magically make you addicted to their environment. So, I invite you to join along the journey and fall head over heels with a co-working lifestyle.