Salt Lake City Coworking Sector Climbs
The metro's flex space share reached 2.7 percent of its inventory as smaller-format spaces gained traction in early 2026.
The U.S. coworking sector consisted of 166 million square feet of space across 9,254 locations, the latest CoworkingCafe data shows. This accounted for 2.3 percent of the total leasable office inventory in the country—an unchanged value from February 2026, proving how much runway remains for flex office providers.
The first quarter of 2026 highlighted a subtle detail in the sector, among other coworking space trends. Location growth has slightly outpaced square footage growth, meaning that smaller-format coworking spaces are gaining popularity. This resulted in a smaller national average site size of 17,945 square feet, reflecting broader diversification in flex space formats among providers.
Secondary and tertiary markets stood out, driven by a mix of mid-sized hubs and compact, community-focused spaces. Together with favorable real estate economics and a workforce that had been underserved for hybrid options in the past, a couple of metros took the spotlight in early 2026.
Salt Lake City is one of them. Flex space accounted for 2.7 percent of the metro’s office stock—above the 2.3 percent national figure, CoworkingCafe data shows.
This performance aligns with the metro’s ongoing growth spurt. Salt Lake City had 97 coworking locations at the end of April 2026—about 20 percent higher year-over-year. Numbers have been increasing since the first quarter of 2024, when the metro’s 71 locations marked a 15 percent jump from a quarter earlier.
Salt Lake City’s coworking share totaled 1.9 million square feet, placing it on the fourth spot among similar markets. In contrast, the metro’s 97 coworking spaces ranked it in the last spot among peers. Denver led the chart with 271 flex office spaces, followed by Charlotte, N.C. (118 locations) and Raleigh-Durham, N.C. (116 locations) among these comparable markets.
In terms of flex space as a percentage of total leasable office space, Salt Lake City’s 2.7 percent placed it as the second-highest spot among similar markets, after Raleigh-Durham’s 3.1 percent. Other metros that follow include Denver (2.5 percent), while the lowest share was recorded in Baltimore, at 1.4 percent.
Submarkets distribution highlight coworking demand patterns
The top five submarkets by coworking inventory in Salt Lake City total a combined 1.1 million square feet of space. Lehi stood out as the top submarket, with 8 recorded locations totaling 281,738 square feet.
Provo-Orem follows with 12 locations totaling 224,842 square feet, while the I-15 Corridor submarket had 220,519 square feet across 11 locations.
By flex share, the Park City submarket has the highest figure, at 9.8 percent. Salt Lake City’s East Central submarket is next, with a flex office stock representing 8.1 percent of its office inventory. The Southeast submarket’s 7 percent flex share is the third-highest figure. Here, there are 96,198 square feet of coworking space across five locations.
Other submarkets that followed include Layton (6.6 percent), Lehi (4.6 percent), Salt Lake City West Central (4.5 percent), and Ogden (4.1 percent). The lowest flex space share among the metro’s 26 submarkets was the 0.2 percent recorded in West Valley City, where there is only one coworking location, totaling 11,051 square feet.
Tech hub dynamics lend themselves to higher coworking share
The metro became an official innovation hub in recent years and is poised to grow further as it continues to attract major tech companies, startups and skilled workforce.
Last year, Utah was the first state in the country for AI adoption and integration, while Salt Lake City ranked among the top 25 tech markets in North America, according to a metro-level outlook by The Shop Workspace. Coworking in the metro is supported by a strong need for hybrid, flexibility and community-oriented spaces. Most companies seek smart infrastructure, flexible lease terms and layouts, while other niche industries look for membership tiers and features tailored to tech, legal, creative or medtech sectors.
Work Hive, a local coworking space provider that launched in 2012, has steadily expanded its footprint. The company purchased a 50,000-square-foot building in February 2025, according to Building Salt Lake. Later in July, Work Hive moved its headquarters at the new location and opened a new, enhanced space, designed to better serve its members.
