CoworkingCafe releases Q1 2025 Coworking Market Report

Manhattan, NY CoworkingCafe has released its Q1 2025 Coworking Market Report, reflecting the continued rise in demand for flexible office space. 

Using proprietary data as of April 2025, the report provides a detailed analysis of national and local coworking trends, focusing on key metrics such as total inventory, square footage, growth rates, pricing, and leading operators. 

Here’s how the Manhattan & Brooklyn coworking markets performed in Q1 2025: 

Coworking Space Inventory:

Manhattan ended Q1 2025 with 280 coworking spaces, adding 7 new locations — a 3% increase — and holding its position as the #4 coworking market nationwide.  

Brooklyn recorded the second-largest inventory increase nationwide (8%), adding six new spaces for a total of 84, placing it 30th among the top 50 coworking markets.  

Total Coworking Square Footage:

Manhattan remains the largest coworking market by square footage, holding steady at 11.32 million s/f.

Brooklyn saw a 1% decrease in total coworking space, dropping slightly to 1.78 million s/f.

Average Square Footage per Location: 

Manhattan remains the market with the largest average coworking space in the U.S., though the average dipped 2%, from 41,286 s/f in Q4 2024 to 40,429 s/f. in Q1 2025. 

Brooklyn’s average coworking space size also declined, dropping 8.1% to 21,141 s/f.

Median Pricing:

Manhattan saw the largest open workspace price increase nationwide, rising $99 to a median of $339/month – the highest across all 50 markets. Dedicated desk rates dipped $10 to $510/month, still the most expensive in the U.S., while virtual office pricing held at $119/month.  

Brooklyn also saw price growth, with open workspaces increasing $45 to 300/month. Virtual office and dedicated desk rates remained stable at $119 and $455/month, respectively.