Demand for coworking space continues to rise across the country, according to a new study. And there is no sign that this demand will be slowing soon.
By the end of the fourth quarter of 2025, the U.S. coworking market reached 8,854 locations, up from 8,420 in the third quarter, according to CoworkingCafe’s fourth quarter 2025 Coworking Industry Report.
That increase in coworking spaces represents a 5% quarter-over-quarter increase.
The total coworking footprint in the United States also rose, expanding from more than 152 million square feet in the third quarter of last year to 159 million square feet in the fourth quarter. That is a jump of more than 7 million square feet from the end of the third quarter to the end of the fourth.
Despite this growth, coworking still accounts for just more than 2.2% of total U.S. office inventory. As CoworkingCafe says, this illustrates just how much potential there is for the future growth of this office sector.
Los Angeles remained the largest coworking market by number of locations, according to CoworkingCafe. This market closed the fourth quarter of last year with 338 active coworking spaces after adding several net new locations during the quarter.
In Chicago, location counts increased to 328 spaces. The Dallas-Fort Worth market also grew past the 320-location mark in the fourth quarter.
Several mid-sized markets — including Raleigh–Durham, Nashville, and Columbus — recorded flat or near-flat location counts in the fourth quarter. An explanation? CoworkingCafe suggests that operators in these markets might be focusing on maximizing performance at existing sites before committing to further expansion.
CoworkingCafe reported that in the Chicago market the total coworking inventory increased to nearly 9 million square feet by the end of the fourth quarter of 2025. Total coworking space climbed to 6.7 million square feet in the Dallas-Forth Worth market, a 15% increase from the third quarter of 2025.
Rental rates for coworking spaces didn’t fluctuate much from the third quarter of 2025 to the fourth. CoworkingCafe reported that the national median rate for open and dedicated desk memberships dropped slightly in the fourth quarter from $225 to $220 a month. Day passes remained at $30, meeting rooms sat at about $45 a hour and virtual offices hovered near $159 a month.
