CoworkingCafe just released its Q4 U.S. Coworking Industry Report, and besides the latest insights on the Phoenix co-working market, data also reveals the share of co-working space out of the total local office space.

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Key highlights for Phoenix:

  • Footprint momentum: Phoenix reached 3.29 million square feet of coworking space (+7% in Q4, +15% y-o-y), the largest footprint in Arizona, fourth footprint in the West (behind Los Angeles, Denver and San Francisco) and 13th nationally, with co-working comprising 2.2% of total office space. 
  • Spaces keep climbing: Phoenix expanded to 172 locations (+2% q-o-q, +11% y-o-y), the highest number of spaces in Arizona, third-highest in the West (behind Los Angeles and Denver), staying ahead of San Francisco (151). 
  • Space sizes jump q-o-q: The average coworking space size in Phoenix rose to 19,139 square feet (+5% q-o-q, +3% y-o-y), bigger than San Diego (18,886) and the 18,003 national average but still below the West’s larger-format markets like San Francisco (25,340) and Los Angeles (22,174). 
  • Desk pricing closer to national norms: Median memberships rates dipped to $220 (down $10 from Q3; -4% q-o-q), in line with the national price ($220). Day passes eased to $39 (down $3, -7% q-o-q), still above the $30 national median. Meeting rooms held at $50, above the $45 national median), while virtual offices stayed premium at $189 (flat q-o-q), above the $159 national median. 
  • Top coworking operators: Regus (35), Industrious (nine), Bellagio Executive Plaza (seven), Spaces (six), and America’s Health Suites (six), this top five managing nearly 37% of Phoenix’s total locations. 

Example of a new Q4 coworking space: Indy by Industrious Downtown Phoenix opened its doors with a public grand opening on Oct. 2, 2025 (201 E. Washington St.).

By the end of 2025, the U.S. coworking market reached 159.4 million square feet across 8,854 locations, a 15% year-over-year increase. Growth now favors intentional scale, with square footage expansion outpacing site additions. As national pricing stabilizes at a $220 median, the industry has matured into a disciplined, permanent component of the office landscape.

Methodology: CoworkingCafe used proprietary data from its leading directory of coworking spaces to analyze the state of the U.S. coworking industry at the end of Q4 of 2025 (December 2025). The report tracks key metrics such as the total number of coworking spaces, square footage, and prices, all while exploring the top 50 coworking hubs.

Read the full coworking industry report for Q4 2025, along with the methodology: https://www.coworkingcafe.com/blog/national-coworking-report/