Portland’s flexible office, or coworking, inventory has grown exponentially in the past 5 years, and grew by more than 50 percent in the past 2 years alone. The city now boasts more than 30 locals offering more than 460,000 square feet of flexible office space that caters to large corporations, startups and individuals alike.
There are a number of coworking companies that are currently looking for new locations within Portland’s urban submarkets. These spaces are expected to add a further 169,000 square feet to the existing flexible office inventory, an increase of 37 percent. Average transaction size among flexible space operators continues to grow, with the average size space sought by coworking companies in 2018 being 42,250 square feet.