Portland has the lowest coworking percentage of inventory on the West Coast
Even with the addition of 122,000 square feet in 2019, coworking as a percentage of total inventory is only 1.5 percent, which is the lowest of any major city on the West Coast.
February 18, 2020
- Supply could grow quickly given alternative space options such as hotels, coffee shops and restaurants, libraries and public spaces, conventional retail space and underutilized corporate space.
- Under 5 percent of current U.S. office inventory is controlled by independent, third-party flexible office providers (spanning all operator types, from traditional executive office suites to coworking to incubators). Given industry shifts, flexible workspace and shared amenity spaces are projected to encompass up to 30% of the office market by 2030.
Source: Source: JLL Research, Crunchbase