Denver’s coworking landscape has weathered recent storms and emerged as a dynamic and thriving sector. Despite challenges such as bankruptcies and closures, the market is now back in
growth mode, with over 200 coworking spaces catering to a diverse range of businesses and individuals. This resilience underscores the enduring appeal of coworking and its vital role in the future of work.
Key Trends and Insights
Our latest report provides a comprehensive overview of the Denver coworking market, highlighting key trends and data-driven insights:
- Market Size: Denver boasts 228 coworking spaces, making it the 7th largest coworking market in the US.
- Space Size: The average size of new coworking spaces is between 8,000 and 15,000 square feet, with an average size of 16,696 square feet.
- Financial Performance: The average revenue per square foot is $58 and going higher, with an average price of $741 for a one-person office and $150 for a shared desk membership.
- Neighborhood Trends: The report identifies underserved neighborhoods with high coworking potential, such as Lowry and Lakewood, as well as over saturated areas.
- Corporate Coworking: Large companies like The Motley Fool, Comcast, and Allstate are embracing coworking, offering allowances to remote workers and giving up traditional office space.
- Landlord Partnerships: Landlords are increasingly partnering with coworking operators to fill vacancies and generate revenue, with management agreements and profit-sharing models becoming more common.
Navigating the Evolving Coworking Landscape
The Denver coworking market is dynamic and constantly evolving. Our report provides valuable insights to help businesses, property owners, and brokers navigate this landscape. By understanding the latest trends, financial data, and neighborhood dynamics, you can make informed decisions about your workspace needs and investment strategies.
To gain a deeper understanding of the Denver coworking market, download our full report. It provides detailed analysis, data-driven insights, and actionable recommendations for businesses, property owners, and brokers. Stay ahead of the curve and leverage the power of coworking to thrive in the Mile High City.
