The work-from-anywhere revolution is here to stay, and the rise of the gig economy is putting the spotlight on the coworking market. The coworking game is heating up with the U.S. economy bouncing back after a rough patch in 2022.
Operators are constantly innovating to stay ahead in the fast-paced market. Moreover, with companies needing more office presence, they’re still expanding and opening new locations in 2023.
This article puts the top players on the U.S. coworking market in the spotlight, who know their game very well.
The Top Coworking Space Players in the U.S.
Like in any other industry, there are many big names in coworking too, but only a few can truly stand out. Therefore, we’ve curated this list to give you the insight on who they are and how they managed to climb the ladder.
Total U.S. Locations – 832
Headquarters – Luxembourg
Regus is the king of coworking. With over 800 locations in the U.S. and a whopping 3,000+ locations worldwide, Regus has a presence that is impossible to ignore. And they’ve been in the game since 1989, which makes them the first and longest-running flexible space provider on the planet.
In the U.S., Regus is a powerhouse, dominating the market with its extensive network of coworking spaces. In fact, their parent company, IWG, controls almost 20% of the U.S. market under the Regus, Spaces, and H.Q. banners.
If you’re looking for a Regus location, the Northeast is the place to be. With over 100 coworking spaces in New York City and the Tri-State area alone, Regus has a strong grip on the region. However, there are a few regions that are yet to experience the Regus magic – the Bay Area and Pacific Northwest, to be exact. But with Regus’ expansion rate, it’s only a matter of time before they conquer these areas too.
Total U.S. Locations – 246
Headquarters – New York
Founded in 2010, WeWork has quickly made a name for itself with its massive global portfolio of 700 locations. Despite the dominance of Regus, WeWork has managed to carve out a sizable slice of the pie with 246 locations in the U.S. alone.
New York is WeWork’s home turf, with a cluster of nearly 70 locations in the heart of Manhattan. However, the company has a strong presence on the West Coast too, with 27 coworking spaces scattered across Southern California.
Furthermore, it has a strong showing in the Bay Area with 22 locations in San Francisco, Oakland, and Silicon Valley. And let’s not forget Seattle and Bellevue, which boast eight active WeWork spaces.
WeWork is currently in a consolidation phase, though, having recently announced dropping 40 leases. So, it looks like the company streamlining its operations, but with more than 240 locations still up and running in the U.S., it’s safe to say that WeWork remains one of the largest coworking operators worldwide.
Total U.S. Locations: 135
Headquarters: New York
Industrious Office is a powerhouse in the coworking industry, founded in 2013 and headquartered in the bustling city of New York. With 135 locations spread across nearly 40 U.S. cities, they boast an extensive coverage, especially on the East Coast.
From the hustle and bustle of the Big Apple to the political hub of Washington, D.C., and the historic streets of Boston, they’ve got 50 locations among just these three cities. But their portfolio is not confined to the Northeast, they’ve also got a whopping 12 locations in Florida and no less than 9 coworking offices in Atlanta alone, showing that they’re ready to take on the South too.
But that’s not all. This company has got global ambition, with a sizable portfolio of locations in key European and Asian markets. Whether you’re a digital nomad or just looking for a change of scenery, Industrious Office has got you covered.
Total U.S. Locations: 117
Spaces, the trendsetting coworking company, is taking the world by storm with its innovative approach to modern-day work culture. With its humble beginnings in 2008, the company has now spread its wings across 50 countries, with a whopping 466 locations, making it a truly global player in the coworking industry.
The brand has its roots deep in Luxembourg, but it’s the United States where it shines brightest, with 117 coworking offices across the country. But the company isn’t just about the numbers; it’s about creating an experience for its members. With a focus on targeting the same markets as its biggest rival, WeWork, Spaces is giving its competition a run for its money.
The company has a strong presence in Southern California and the Bay Area, where it operates a total of 29 spaces, and it’s also making waves in Texas and New York City with 15 and 10 locations, respectively.
In a world where work is no longer just a 9-to-5 routine, Spaces provides a breath of fresh air. Their offices provide a place where you can be productive, meet like-minded individuals, and get inspired.
5. Premier Workspaces
Total U.S. Locations: 87
Headquarters: Irvine, CA
With a history dating back to 2002, Premier Workspaces has been a pioneering force in the coworking industry. It provides flexible office solutions to entrepreneurs, freelancers, and businesses of all sizes. With 87 locations across the United States, Premier Workspaces has established itself as a major player in the world of flexible workspaces.
From its headquarters in Irvine, California, Premier Workspaces has continued to expand and grow. The company added five new locations in 2020 and announced plans to take over 100 more in the coming years.
With a focus on repositioning and managing distressed locations, Premier Workspaces has proven itself to be a resilient and forward-thinking company. Its specialty is always being ready to adapt and evolve in response to the changing needs of the market.
Whether you’re looking for a cozy coworking space in the heart of L.A. or a bustling office in the Midwestern U.S., Premier Workspaces has got you covered. With a range of spaces available in locations throughout the country, Premier Workspaces is the perfect choice for businesses looking for flexible, convenient, and affordable office solutions.
6. Office Evolution
Total U.S. Locations: 81
Headquarters: Louisville, CO
Office Evolution is a true success story. With its roots dating back to 2003, this company has come a long way in establishing itself as a leading coworking provider in the United States. Boasting an impressive 81 locations nationwide, Office Evolution is now among the largest players in the U.S. industry and their portfolio continues to grow.
From coast to coast, Office Evolution has made its presence felt in some of the most important business hubs in the country. From bustling cities like San Francisco and New York to hot spots like Florida and Texas, they’ve covered almost every location. With a strong focus on the major office markets, Office Evolution ensures that its members have access to top-notch facilities and services wherever they go.
But Office Evolution’s heart lies in its home state of Colorado, where it has a whopping 13 locations. This just goes to show how much this company values its roots and how proud it is of its home state.
As Office Evolution gears up for its 20th anniversary in 2023, it’s clear that this company is on a mission to make coworking accessible to everyone. So it’s worth keeping an eye out for the impressive and innovative moves they make this year.
7. H.Q. Global Workplaces
Total U.S. Locations: 60
Headquarters: Addison, TX
HQ Global Workplaces has been around since 1962, making them a seasoned player in the coworking game. They’re based in Addison, Texas, but the company has a global reach with 112 international locations spanning 18 countries. As the third-largest IWG brand, H.Q. has 60 locations in the U.S., and they’re not slowing down. With plans to open 19 new locations in the coming quarters, H.Q. is looking to expand by over 30% in 2023.
While H.Q. has a hot spot in Texas with 17 locations, its presence is mostly scattered across the East Coast. But don’t be surprised if you can’t find an H.Q. office in New York, as they currently don’t have any in the city. But with their proven track record, it’s only a matter of time before H.Q. takes over the Big Apple too.
The U.S. coworking market is growing at an incredible rate, with more operators entering the space every year. While the competition is fierce, there are a handful of players that stand out above the rest. From Regus and WeWork to Spaces and Office Evolution, these companies have managed to make their mark in the industry and established themselves as market leaders.
So, if you’re looking to join the coworking revolution, keep an eye out for these names. They’re the ones to watch in the coming years!