Coworking Spaces in Raleigh, NC
Raleigh was recently ranked by Forbes as one of the fastest-growing cities in the U.S. With over 1.3 million people in the metro area, Raleigh is the capital of North Carolina and is part of the Research Park Triangle. There are over 300 companies in the high-tech research and development Park, including IBM, Cisco, and GlaxoSmithKline.
The Raleigh coworking scene is home to local companies like HQ Raleigh, national players such as Industrious, and international operators of shared space in Raleigh such as WeWork, Regus, and Spaces.
Since 2013, the number of freelance workers in Raleigh has increased to 11,000. At the end of 2017, people working freelance in Raleigh made up about 4.3% of the entire labor force.
Coworking Market in Raleigh, NC
There is over 684,000 square feet of coworking space in Raleigh’s metro area, according to the Q1 2019 Coworking and Serviced Office Market Report for Raleigh/Durham by Cushman & Wakefield. Of the total inventory, downtown flexible office space in Raleigh accounts for about 29% of all coworking space in the area.
Some of the largest new leases for office space in Raleigh have been signed by coworking operators. Shared space firms have leased over 340,000 square feet of office space since 2016, representing over 12% of the 2.8 million square feet of new leases signed over the past three years. About 60% of all current coworking square footage in the Raleigh metro area has come into existence since 2016.
The Carolina Triangle holds the no. 1 spot in the U.S. by share of coworking space out of total office space, with 6.5% of the office space here being flexible. It also serves as a major center in the U.S. for high-tech and biotech research and advanced textile development. Companies based in Raleigh include BB&T Insurance Services, First Citizens BancShares, Red Hat, and Waste Industries.
Since 2013, the number of people holding bachelor’s degrees or higher has increased by 14%. Degree holders in the science and engineering fields have grown by over 47%, while the number of people holding business degrees has increased by over 25%.
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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 Raleigh, NC
CommercialCafe is your go-to source for finding coworking & shared spaces in Raleigh, NC. Search our selection of in Raleigh, NC coworking spaces and find the right provider for your workspace needs. Our database includes 9 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.