Coworking Spaces in Kansas City, MO
Kansas City is the largest city in the state of Missouri and is home to over 2.1 million people in the metro area. The Internal Revenue Service, General Services Administration, and the Federal Reserve Bank all have major operations in the Kansas City metro area, making the government sector the largest employer in the region. Private sector employers include Ford Motor Company, H&R Block, and Sanofi-Aventis.
The coworking scene in Kansas City is home to a balanced mix of small and larger firms including WeWork and Regus, and smaller operators of flexible office space in Kansas City such as Cowork Waldo, Cherry Pit Collective, and Phosphor Studio. The Kansas City metro area also ranks as one of the most affordable cities for coworking space members, according to Colliers.
Today, freelance workers in Kansas City make up about 5.2% of the total workforce. Over 10% of freelancers in the market work in the information, professional, scientific, management, arts and entertainment sectors.
Coworking Market in Kansas City, MO
The 2019 U.S. Flexible Workspace Report by Colliers ranks Kansas City as one of the fastest-growing coworking markets in the U.S. over the last three years. The amount of coworking space in Kansas City increased by over 30% between 2016 and Q2 2018. In fact, the growth rate of shared space in Kansas City has been higher than larger cities such as Houston, Los Angeles, and Chicago.
Kansas City contains about 650,000 square feet of coworking office space. The top 5 coworking operators in the Kansas City metro area control over 290,000 sq. ft. of office inventory. That absorption has helped keep vacancy rates low and rental rates for office space in Kansas City climbing. Cushman & Wakefield reports that between Q2 2018 and Q2 2019 net absorption of office space averaged about 100,000 sq. ft. while gross asking rents increased to $21.37 per sq. ft.
Unemployment in Kansas City is 3.4%, below the national average and projected to go even lower. The market is home to a well-educated workforce that helps keep the job market growing. The number of people holding bachelor’s degrees or higher increased by nearly 15% between 2013 and 2017. Holders of degrees in the science and engineering fields grew by almost 34% during that same four-year period.
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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 Kansas City, MO
CommercialCafe is your go-to source for finding coworking & shared spaces in Kansas City, MO. Search our selection of in Kansas City, MO coworking spaces and find the right provider for your workspace needs. Our database includes 8 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.