Los Angeles ranks third in the U.S. in terms of total inventory occupied by coworking companies. Most LA coworking companies are concentrated in tech-dense and venture-capital rich Westside submarkets, which command the highest rents. Shared workspace operators in LA have also been drawn to Downtown’s urban vibe and rich amenity base.
Coworking operators are incubating the next generation of companies which eventually will grow into established enterprises spurring future demand for conventional office.
Across the U.S., the coworking industry makes up just 0.7% of the total U.S. office market, but demand is unprecedented and fueling the growth of large providers in major markets. New York, Chicago, Los Angeles, Atlanta and Boston comprise the top 5 markets for coworking space. For more information, download the report Shared workspaces: the market perspective.
Source: JLL Research