Coworking Spaces in San Jose, CA
Located in the heart of Silicon Valley, the San Jose metro area is home to nearly 2 million people. The city is the 3rd-largest in California, right behind Los Angeles and San Diego. San Jose is a global center for major internet and high tech companies such as Adobe, Apple, eBay, Google, and PayPal.
The San Jose coworking scene continues to see stead growth and strong demand as shared workspace operators expand out of San Francisco into the wider Bay Area. About 5.7% of the labor force in San Jose classify themselves as freelance workers, with those specializing in the information services fields and arts and recreation showing the strongest growth rates.
Coworking Market in San Jose, CA
There are now 42 centers for coworking space in San Jose, according to the Instant Group. The average desk rate pricing for shared space in San Jose stands at $908, an increase of 16% year-over-year. Pricing for flexible office space in San Jose has risen even as the supply of coworking space has increased, indicating the strength of the coworking market in Greater San Jose.
There is about 5.5 million square feet of new office space in San Jose, consisting of 915,000 square feet of build-to-suit space and 4.4 million sq. ft. of speculative product – the majority of which has already been preleased. For example, Google recently absorbed 728,335 square feet of new office development in North San Jose, signing the biggest lease in Q1 2019.
The CSA is also the #1 market for venture capital deals in the U.S. Since 2015, over $179 billion in venture capital has been invested in the Bay Area. That’s nearly 43% of the total venture capital invested in the nation over the past four years. Investors and businesses are attracted to the area’s highly skilled workforce. The number of San Jose resident holding bachelor’s degrees or higher have increased by over 22% between 2013 and 2017. The fields of science and engineering have seen the strongest growth.
Update: COVID-19’s Impact on Commercial Real Estate
May 21, 2020
The economy has been devastated. We’re facing depression-level unemployment and all of us are wondering what our new normal will look like. While the stock market has recovered slightly it tells an uneven story of e-commerce, the expansion of tech and the devastation in retail, travel and experi...
COVID-19’s Impact on Commercial Real Estate
April 10, 2020
The economy was on a roll in February. Even as the severity of the pandemic was taking shape in China, the U.S. remained on the upswing. But, since then, the economy, markets, jobs and businesses have been dwindling. Last week, Yardi Matrix hosted a webinar on how COVID-19 is affecting commercia...
Why Coworking Options Are A Brilliant Employee Perk
March 23, 2020
Coworking is a great option for many people. But the flexible working opportunities these spaces offer also bring a range of benefits to enterprises. So, should you offer coworking as an employee perk? Benefits are an important component of your employment package. Research reveals 78% of worker...
What is coworking?
Coworking is a collaborative and flexible work style that involves a shared workplace or shared office space. The difference between coworking and traditional offices is that people who work in a coworking space don’t usually work for the same company or organization. This is why these collaborative work spaces appeal to freelancers, small businesses, solopreneurs, and independent workers. The coworking provider that manages the space handles all the services and amenities, to make sure all individual needs are covered. Many coworking spaces offer services such as event space and conference rooms, free wi-fi, virtual business addresses, 24/7 access, pet-friendly policies, printer and fax services, as well as the ability to rent office space by the hour, the day, the month, or long-term.
How to find the right coworking space in San Jose, CA
CommercialCafe is your go-to source for finding coworking & shared spaces in San Jose, CA. Search our selection of in San Jose, CA coworking spaces and find the right provider for your workspace needs. Our database includes 22 coworking office properties, so you can easily find your space and start working. Use our advanced search feature and filters to find the right shared office space, by selecting your desired price, neighborhood, and amenities such as complimentary Wi-Fi, coffee and tea, printing and scanning services or pet-friendly policies. Whether you’re looking to rent office space for a day, trying to find an hourly office rental, or searching for a longer-term option, we’ve got you covered.