The coworking industry now totals 27 million square feet. Clearly, the market is growing and highly attractive to tenants, but here's what owners and landlords can expect.

1. Shared workspaces
United States Office | Spring 2016

2. Leasing activity by coworking providers
1
Overview and statistics
3,715,428 s.f.
Leasing by coworking providers
since Q3 2014
Source: JLL Research
63.5%
WeWork’s share of coworking
leasing activity
10.3 years
Average lease term
89.8%
Share of activity in Class B and C
properties
26.9%
Share of activity that is new to
market
8.2x
Cumulative rate of growth of
WeWork
994,252 s.f.
New York coworking leasing
volume
427,137 s.f.
DC coworking leasing volume
375,249 s.f.
Chciago coworking leasing
volume

3. Quarterly leasing activity
99,964
507,784
412,366
854,605
517,554
394,684
928,471
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016
Leasingactivity(s.f.)
2
Leasing by coworking providers has trended upward over past seven quarters
Source: JLL Research

4. Tenant Leasing since Q3 2014 (s.f.)
WeWork 2,359,565
Regus 851,226
UberOffices 120,837
Cowork|rs 73,000
Pipeline 46,207
Venture 45,896
Spaces 43,680
SilverSuites 43,019
Metro Offices 41,249
Make Offices 35,496
TechSpace 28,190
BusinesSuites 15,375
Crossroads 11,688
Total 3,715,428
Leasing activity by provider
3
WeWork has dominated
Source: JLL Research
WeWork
Regus
UberOffices
Cowork|rs
Pipeline
All other companies

5. Leasing activity by market
31,082
35,707
39,990
44,000
46,063
51,700
67,769
68,822
101,953
147,840
168,556
190,350
190,846
247,568
306,486
375,249
427,137
994,252
0 200,000 400,000 600,000 800,000 1,000,000 1,200,000
San Francisco Peninsula
Fort Lauderdale
New Jersey
Orange County
Raleigh-Durham
Miami
Silicon Valley
Los Angeles
Austin
Portland
Boston
Seattle-Bellevue
Philadelphia
Denver
San Francisco
Chicago
Washington, DC
New York
Leasing acitivty (s.f.)
4
New York is the largest coworking market by far, followed by DC, Chicago and the Bay Area
Source: JLL Research

6. Leasing activity by submarket
68,768
68,824
73,000
77,206
96,000
103,468
105,653
108,655
109,361
130,000
134,194
145,937
155,200
160,846
180,000
192,971
197,993
234,879
0 50,000 100,000 150,000 200,000 250,000
East Loop (Chicago)
Mid-Market (San Francisco)
Financial District (Boston)
Austin CBD
Gramercy Park (New York)
North Financial District (San Francisco)
LoDo (Denver)
Portland CBD
Plaza District (New York)
River North (Chicago)
South Financial District (San Francisco)
Back Bay (Boston)
Central Loop (Chicago)
Market Street West (Philadelphia)
Times Square (New York)
East End (Washington, DC)
Penn Plaza/Garment (New York)
Water Street Corridor
Leasing acitivty (s.f.)
5
Urban, mixed-use and amenitized suburbs with creative space are most attractive for providers
Source: JLL Research

7. Leasing activity by class
380,812
1,775,122
1,285,376
274,118
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2,000,000
Trophy Class A Class B Class C
Leasingactivity(s.f.)
6
Leasing by coworking providers has trended upward over past seven quarters
Source: JLL Research
89.8%
commodity or creative space

8. Leasing activity by type
2,161,092
1,000,495
392,035
112,790
49,016
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
Expansion in market New to market Renewal Relocation within market Expansion in building
Leasingactivity(s.f.)
7
Coworking growth is organic: 26.9 percent of leasing is new to market
Source: JLL Research

9. The WeWork effect
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016
Cumulativeleasingactivity(s.f.)
8
WeWork has leased 2.4 m.s.f. since Q4 2014, growing 8x over the span of six quarters
Source: JLL Research

10. COPYRIGHT ©
JONES LANG
LASALLE IP, INC.
2016
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