The 2026 Guide to Opening a Coworking Space in New York
Thinking of opening a space in New York? With a population of 8,500,000 and only 320 existing spaces, the market is underserved.
Financial Feasibility
Understanding the costs and revenue potential in New York
Average Commercial Rent
$68.1
per square foot
The average commercial rent in New York is $68.1 per sq ft. This is a key factor in determining your break-even point and pricing strategy.
Average Desk Price
$550
per month
To break even, you'll need to charge competitive rates. The average hot desk in New York goes for $550/month, giving you a benchmark for pricing your space.
Infrastructure & Connectivity
Essential infrastructure for modern coworking spaces
Internet Speed
280 Mbps
Coworking relies on speed. New York boasts an average internet speed of 280 Mbps, making it great for remote workers and digital nomads who depend on reliable, fast connectivity.
Competition Analysis
Understanding the competitive landscape in New York
Existing Competitors
320
coworking spaces
There are currently 320 existing coworking spaces in New York, representing approximately 3.8 spaces per 100,000 residents.
Market Status
With 3.8 spaces per 100k residents, New York represents an underserved market with room for new entrants.
Note: All values are approximate modeling numbers, not exact figures. Populations are based on Census/Vintage 2024 estimates. Desk prices and internet speeds are calibrated from national reports and rounded for clarity.
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