{"id":21439,"date":"2018-12-17T10:00:44","date_gmt":"2018-12-17T18:00:44","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=21439"},"modified":"2026-02-22T15:28:09","modified_gmt":"2026-02-22T23:28:09","slug":"sharing-disruption","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/sharing-disruption\/","title":{"rendered":"Sharing Disruption"},"content":{"rendered":"<p>Coworking isn\u2019t new, but its recent growth and prominence in the U.S. office market space is.<\/p>\n<p>A new special report from <a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"noopener\">Yardi Matrix<\/a>, titled \u201cShared Space: Disrupting the Traditional Office,\u201d outlines the dramatic increase in shared spaces over the past year, driven by a growing \u201cgig economy\u201d and employers\u2019 desire to deploy more workers remotely, attract talent and gain more flexibility for their space.<a href=\"https:\/\/www.yardi.com\/blog\/news\/sharing-disruption\/21439.html\/attachment\/shutterstock_525198061\" rel=\"attachment wp-att-21440\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-21440\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2018\/12\/shutterstock_525198061-300x169.jpg\" alt=\"\" width=\"300\" height=\"169\" \/><\/a><\/p>\n<p>In researching 20 metros, Yardi Matrix found that 43.5 million square feet of office space was being rented as of the fourth quarter of 2018. This represented a 62% increase in shared space over the previous year and 1.7% of the total inventory.<\/p>\n<p>The business model for shared space is evolving to match the practice\u2019s growth, with landlords and brokerage firms offering more amenities and flexible lease arrangements.<\/p>\n<p>Coworking has gained footholds in both urban markets (2.2% of stock) and suburban submarkets (1.2%). The practice is \u201cgrowing as a percentage of office stock in all areas, but it is a more natural fit in urban settings due to the proximity to a greater number of workers, easier commute to urban locations and greater availability of small rental spaces in suburban areas,\u201d the report says. \u201cThe sector is in a nascent phase, so the pace of growth is likely to pick up in coming years.\u201d<\/p>\n<p>Manhattan, N.Y., ranked first in both overall amount of shared space with 13.7 million square feet, with Los Angeles second with 4.7 million square feet. The borough also had the most shared space as a percentage of total stock, 3%, with Portland, Ore., Miami, San Francisco and Austin, Texas, totaling 2.5%, 2.4%, 2.3% and 2.2%, respectively.<\/p>\n<p>Read the full <a href=\"http:\/\/www.yardimatrix.com\/Media\/Downloads\/File\/570-SharedSpaceSpecialReport?signup=false\" target=\"_blank\" rel=\"noopener\">Yardi Matrix special report<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coworking isn\u2019t new, but its recent growth and prominence in the U.S. office market space is. A new special report from Yardi Matrix, titled \u201cShared Space: Disrupting the Traditional Office,\u201d outlines the dramatic increase in shared spaces over the past year, driven by a growing \u201cgig economy\u201d and employers\u2019 desire to deploy more workers remotely, [&hellip;]<\/p>\n","protected":false},"author":610,"featured_media":21440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2287,2791,4],"tags":[1226,1703,263,2575,1169],"class_list":["post-21439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coworking","category-matrix","category-news","tag-coworking","tag-cre","tag-office-space","tag-shared-space","tag-yardi-matrix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"Coworking isn\u2019t new, but its recent growth and prominence in the U.S. office market space is. A new special report from Yardi Matrix, titled \u201cShared\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sharing Disruption\" \/>\n<meta property=\"og:description\" content=\"Coworking isn\u2019t new, but its recent growth and prominence in the U.S. office market space is. 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