Instant: Rethinking Workspace

New York city is the second largest flexible office market globally with a wide mix of providers offering space. Rates vary dramatically across the city with some of the highest average rates per desk globally being achieved in the city. While the majority of supply exists in Manhattan in the last 12 months we have seen a move towards other boroughs such as Queens, Brooklyn and even Staten Island.

Singapore continues to see high levels of supply growth year on year with one of the largest flexible workspace markets in Asia found in the Island City-State. Singapore has long been a key business hub and with very limited office supply was a natural expansion ground for flexible working as providers looked to expand outside of their home markets. Because of this the share of large international operators is high across the city although niche coworking providers continue to pop up as the market develops.

Thanks to the tech boom in the city over the last decade the demand for high quality office space has been ever present. This meant that San Francisco was one of the first US cities to see a real flexible workspace industry. Rates remain some of the highest in the US and while larger companies are looking to create their own flexible environments the number of small companies looking to grow in the city creates continuous demand. Due to the cost of commercial real estate in the city we have more recently seen providers move out of the city core and into the wider bay area.

This report, based on data and insights from H1 2025, illustrates how evolving trends around flexible and hybrid working are reshaping office and workplace strategy, driving enterprise adoption and creating compelling suburban growth opportunities.

In collaboration with the International WELL Building Institute, this webinar explores the WELL Coworking Rating through dynamic market perspectives on the growing need for workspaces that uphold health, wellbeing and sustainability as key pillars.

For today’s leading companies, workspace isn’t only about productivity; it’s a critical tool for attracting talent, supporting culture, and working in an environment with purpose. Key to these are meeting employees demands for health, wellness and sustainability in the workplace.

We're delving deeper into Canada's first WELL Coworking Rated operator, And-Co, who is putting the spotlight on people and the planet. Read the full interview with Director Ryan Dass.

The flexible workspace sector in North America is entering a new chapter—one defined not by rapid disruption, but by strategic recalibration. As volatility gives way to steadier, more intentional growth, a new picture is emerging: demand is recovering, evolving, and even outpacing supply.