Coworking Spaces in New York City, NY
New York City is the most populous city as well as the most densely populated city in the United States. With an estimated population of 8.4 million, over a land of approximately 302 square miles, NYC is also one of the world’s largest megacities. The city is a global powerhouse, and a cultural, financial and media world capital. NYC consists of five boroughs, namely Manhattan Brooklyn, Queens, The Bronx, and Staten Island.
New York City boasts about 15 million square-foot of coworking space—significantly more than any other major market in the US. Out of the 18.5 million, more than 17 million square feet of flexible space is clustered in Manhattan, with additional space already in the development pipeline, according to Yardi Matrix.
Coworking Market in New York City, NY
The NYC coworking market is fueled by a large freelancer population, a diverse economy—from Wall Street players to creatives—and an up-beat lifestyle. About 7% of the city’s total workforce is made up of freelancers. Most freelancers in NYC work in professional, scientific, management, and administrative fields, as well as financial, tech and health services. These industries, coupled with NYC’s art scene, require unique work environments to boost productivity as well as creativity.
Demand for coworking spaces in NYC is at an all-time high—especially among start-ups—as is supply. Manhattan alone holds more than 30% of the nation’s entire flex-space inventory. A solid start-up culture brought over $54 billion venture capital investment in the Tri-State area over the past 5 years.
Large tech employers in the city include Google, Facebook, Amazon and Spotify. Most large companies encourage employees to change-up their workstyle and try out shared spaces to boost both productivity and innovation.
New York City is among the top searched for markets for creative office space in the United States, catering to the needs of freelancers, employees, start-ups, small businesses and large companies alike.
Flexible offices are all about style and effectiveness, an essential combination preferred by young graduates. Over 2.2 million people had a bachelor’s degree or masters in NYC in 2017, a 10% increase since 2013. 2017 had more than 500,000 students enrolled in university and 160,000 graduates.
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 New York City, NY
CommercialCafe is your go-to source for finding coworking & shared spaces in New York City, NY. Search our selection of in New York City, NY coworking spaces and find the right provider for your workspace needs. Our database includes 134 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.