West Palm Beach Advances as Coworking Spreads in the US
This South Florida metro stands out among its peers, driven by a rich coworking ecosystem and investor interest.
Coworking has become an increasingly established sector within the broader U.S. office market, with its share becoming a mainstay across office markets in the nation. As of August, there were 167.7 million square feet of flex space in the country, spread across 9,567 locations, CoworkingCafe data shows.
The share of coworking space accounted for 2.4 percent of the total national office stock. Although unchanged from a month ago, the share of flex space consistently increased, from 2.3 percent registered in April this year, pointing to gains for the sector.
By helping bridge the gap between fully remote work policies and traditional office expectations, the leading national operators continued to grow their operations in major cities. Growth patterns varied, with major gateway cities increasing their coworking inventories in both location count and square footage.
However, while established hubs continued to attract new operators, smaller metros also gained ground, adding more diversity to the local office environment.
Most Sun Belt markets recorded notable increases in location count, while Florida continued to distinguish itself for coworking adoption, as multiple smaller markets stood out for inventory and share gains.
One such smaller market is West Palm Beach, Fla. Here, the share of flex space accounted for 3.5 percent of its total office stock—above the national figure, CoworkingCafe data shows.
Significant corporate relocations and a business-friendly environment helped the larger Palm Beach County attract an influx of employees from a diverse mix of industries, with West Palm Beach transforming from a working-class city to a talent hub. Billionaire Stephen Ross’s $10 billion commitment in the town where his Related Ross company is headquartered has heavily influenced the revitalization of this office hub.
Coworking also benefited from this drive. As of August, West Palm Beach had 78 flex locations totaling approximately 1.3 million square feet.
By locations count, the metro placed fifth among similar markets. Charlotte, N.C.’s 117 locations topped the charts, followed by Fort Lauderdale, Fla. (99 locations), while at the end of the list was Southwest Florida Coast (55 locations).
In terms of square footage, West Palm Beach’s coworking inventory ranked fourth. The Sunshine State markets on our list occupied opposite ends of the spectrum—Fort Lauderdale led with 1.8 million square feet and the Southwest Florida Coast placed last with 730,550 square feet.
Meanwhile, the metro’s flex space as a percentage of total leasable office space placed it second among peers, after Fort Lauderdale’s 4 percent share. In contrast, Sacramento, Calif., had the lowest share, at 1.9 percent as of August—below the national average figure.
Submarket distribution shows coworking demand in central locations
Five of the 23 submarkets within the broader West Palm Beach-Boca Raton, Fla. metro area kept the majority of coworking inventories. These five include 582,507 square feet of shared space combined as of August.
The top submarket by square footage is Boca Raton-North, where there are seven locations totaling 155,581 square feet. Boca Raton-Central follows, with eight locations totaling 126,298 square feet, while Boca Raton-West had 107,407 square feet across six locations.
Royal Palm Beach stood out as the submarket with the highest flex share as percentage of the total leasable office space, with an 11.1 percent figure. The second-highest rate was the 9.5 percent recorded in Boca Raton-West, followed by West Palm Beach-North Central (7.6 percent) and Lake Worth (7.3 percent). The lowest figure was the 0.8 percent registered in West Palm Beach-South. Here, there is only one coworking location totaling 1,000 square feet, according to CoworkingCafe.
New owners dive into local operators
The metro is also home to Vast Coworking Group, the West Palm Beach-based parent franchisor and operator behind brands like Venture X, Office Evolution and Intelligent Office. In March 2026, New State Capital Partners acquired the platform as a corporate carve-out from its former parent company, United Franchise Group.
In late 2025, CGI Merchant Group sold its Nexus Workspaces coworking portfolio in Palm Beach and Martin counties to TMT Properties. The new owner is continuing to operate the buildings involved in the transaction under the Nexus brand. The operator’s primary West Palm Beach location is at 2101 Vista Parkway, a 60,178-square-foot property also known as Nexus at Vista Park.
