Coworking Spaces in Boston, MA
Boston is both the capital city, the economic and cultural hub of Massachusetts, and has a metropolitan population of about 4.8 million people. Moreover, earlier this year, Boston was ranked as one of the top 5 global cities for innovation due to its growing millennial population, high concentration of business startups, and world-class university system.
All these factors have made the Boston coworking scene explode over the last few years with coworking giant WeWork being the largest operator of shared space in Boston. There are also a wide variety of smaller, sector-specific coworking operators in Boston catering to niches such as cleantech, food startups, and social entrepreneurship.
There are over 13,000 freelancers in the city of Boston. Boston freelancers make up about 3.5% of the labor pool, with freelancers working in the professional, scientific, and management fields accounting for 5.2% of the freelance workforce.
Coworking Market in Boston, MA
According to Yardi Matrix, there’s currently about 4.6 million square feet of coworking space in Boston. That ranks the city as the 5th-largest shared space market by metro area. In fact, there is more flexible office space in Boston than traditional high-tech markets such as Seattle and the San Francisco Bay Area.
One of the reasons the demand for coworking space is so strong is the rapidly growing technology and life sciences business sectors. With a low vacancy rate and strong absorption, office space in Boston can be difficult to find quickly. Fast growing companies are turning to coworking facilities to expand their businesses with turnkey space that doesn’t require a traditional long-term office lease.
Venture capitalists are attracted to Boston’s thriving high tech economy and the city’s renowned research universities such as MIT, Harvard, and Tufts. In fact, over the last 5 years alone, Boston has seen nearly $44 billion in venture capital investment.
The number of people holding a bachelor’s degree or higher in Boston has increased by almost 18%, with the science and engineering and education fields both showing growth rates of about 25% between 2013 and 2017.
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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 Boston, MA
CommercialCafe is your go-to source for finding coworking & shared spaces in Boston, MA. Search our selection of in Boston, MA coworking spaces and find the right provider for your workspace needs. Our database includes 70 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.