{"id":17196,"date":"2022-07-19T11:42:10","date_gmt":"2022-07-19T11:42:10","guid":{"rendered":"https:\/\/www.instantoffices.com\/blog\/?p=17196"},"modified":"2022-07-19T12:23:30","modified_gmt":"2022-07-19T12:23:30","slug":"flexible-office-market-seattle","status":"publish","type":"post","link":"https:\/\/www.instantoffices.com\/blog\/featured\/flexible-office-market-seattle\/","title":{"rendered":"Breakdown of the Seattle Flexible Office Market"},"content":{"rendered":"\n<p>While there has been improvement in office demand in the Pacific Northwest, return to office plans remain unpredictable.<\/p>\n<p><a href=\"https:\/\/www.theinstantgroup.com\/en-us\/breakthrough-insights\/research-articles\/breakdown-of-the-seattle-flexible-office-market\/\" target=\"_blank\" rel=\"noopener\">Seattle<\/a> is no exception as employees are making demands about where they work, specifically if they are willing to move to less expensive but close by markets such as <a href=\"https:\/\/www.instantoffices.com\/en-us\/us\/office-space\/bellevue\" target=\"_blank\" rel=\"noopener\">Bellevue<\/a>.<\/p>\n<p><br \/>While there has been improvement in office demand in the Pacific Northwest, return to office plans remain unpredictable. Seattle is no exception as employees are making demands about where they work, specifically if they are willing to move to less expensive but close by markets such as Bellevue.<\/p>\n<h2><strong><span style=\"color: #99ba14;\">Overall Market<\/span><\/strong><\/h2>\n<p>Of the 78 centers analyzed, the cost-per-desk for flexible workspace, including coworking, hybrid, and <a href=\"https:\/\/www.instantoffices.com\/en-us\/us\/office-space\/seattle\" target=\"_blank\" rel=\"noopener\">serviced offices in Seattle<\/a>, dropped 13 percent year over year ($544 per month in 2022 vs. $624 per month in 2021). Workspaces were comprised of 33 percent coworking, 50 hybrid workspaces, and 17 percent serviced workspaces. Demand was up 60 percent while supply grew just one percent.<\/p>\n<p>By contract, Bellevue\u2019s market is comprised of just six percent coworking, 56 hybrid workspaces, and 38 percent serviced workspaces. There are just 16 centers, and the cost-per-desk increased 27 percent year-over-year, from $544 per month in 2021 to $690 per month in 2022. Supply has remained the same, and demand has dipped three percent.<\/p>\n<h2><strong><span style=\"color: #99ba14;\">Hot-Desks<\/span><\/strong><\/h2>\n<p><a href=\"https:\/\/www.coworker.com\/\" target=\"_blank\" rel=\"noopener\">Coworker.com<\/a>, the world\u2019s largest online marketplace for coworking, which recently became part of The Instant Group, currently has listings for 43 coworking spaces in Seattle, and the average cost per hot-desk per month in the city in 2022 is $300, up 31 percent than the global average of $206 but down 4.15 percent from Seattle\u2019s cost-per-hot-desk-per month was $313. In 2019, the average cost per hot desk in Seattle was $305.<\/p>\n<h2><strong><span style=\"color: #99ba14;\">Virtual Offices<\/span><\/strong><\/h2>\n<p>Leading virtual office space provider <a href=\"https:\/\/www.davincivirtual.com\/\" target=\"_blank\" rel=\"noopener\">Davinci<\/a>, also now part of The Instant Group, found that vacancy rates in Suburban Seattle stands at 21.3 percent, down from 22 percent in Q4 2021. The average rate for a <a href=\"https:\/\/www.instantoffices.com\/en-us\/us\/office-space\/virtual-office\/seattle\" target=\"_blank\" rel=\"noopener\">virtual office in Seattle<\/a> is $95 per month.<\/p>\n<p>\u00a0<\/p>\n<div style=\"background-color: #b3d334; padding: 20px 0;\">\n<h2 style=\"text-align: center; margin-bottom: 0;\"><strong>Looking for Office Space?<\/strong><\/h2>\n<p style=\"text-align: center; margin-top: 0;\"><span style=\"color: #000000;\">We Operate in Top US Locations:<\/span><\/p>\n<p style=\"text-align: center;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.instantoffices.com\/en-us\/us\/office-space\/new-york\">New York<\/a>, <a style=\"color: #3366ff;\" href=\"https:\/\/www.instantoffices.com\/en-us\/us\/office-space\/houston\">Houston<\/a>, <a style=\"color: #3366ff;\" href=\"https:\/\/www.instantoffices.com\/en-us\/us\/office-space\/dallas\">Dallas<\/a>, <a style=\"color: #3366ff;\" href=\"https:\/\/www.instantoffices.com\/en-us\/us\/office-space\/miami\">Miami<\/a>, <a style=\"color: #3366ff;\" href=\"https:\/\/www.instantoffices.com\/en-us\/us\/office-space\/san-francisco\">San Francisco<\/a>, <a style=\"color: #3366ff;\" href=\"https:\/\/www.instantoffices.com\/en-us\/us\/office-space\/chicago\">Chicago<\/a>, <a style=\"color: #3366ff;\" href=\"http:\/\/www.instantoffices.com\">Search more locations<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>While there has been improvement in office demand in the Pacific Northwest, return to office plans remain unpredictable. Seattle is no exception as employees are making demands about where they work, specifically if they are willing to move to less expensive but close by markets such as Bellevue. While there has been improvement in office demand in the Pacific Northwest, return to office plans remain unpredictable. Seattle is no exception as employees are making demands about where they work, specifically if they are willing to move to less expensive but close by markets such as Bellevue. Overall Market Of the 78 centers analyzed, the cost-per-desk for flexible workspace, including coworking, hybrid, and serviced offices in Seattle, dropped 13 percent year over year ($544 per month in 2022 vs. $624 per month in 2021). Workspaces were comprised of 33 percent coworking, 50 hybrid workspaces, and 17 percent serviced workspaces. Demand was up 60 percent while supply grew just one percent. By contract, Bellevue\u2019s market is comprised of just six percent coworking, 56 hybrid workspaces, and 38 percent serviced workspaces. There are just 16 centers, and the cost-per-desk increased 27 percent year-over-year, from $544 per month in 2021 to $690 per month in 2022. Supply has remained the same, and demand has dipped three percent. Hot-Desks Coworker.com, the world\u2019s largest online marketplace for coworking, which recently became part of The Instant Group, currently has listings for 43 coworking spaces in Seattle, and the average cost per hot-desk per month in the city in 2022 is $300, up 31 percent than the global average of $206 but down 4.15 percent from Seattle\u2019s cost-per-hot-desk-per month was $313. In 2019, the average cost per hot desk in Seattle was $305. Virtual Offices Leading virtual office space provider Davinci, also now part of The Instant Group, found that vacancy rates in Suburban Seattle stands at 21.3 percent, down from 22 percent in Q4 2021. The average rate for a virtual office in Seattle is $95 per month. \u00a0 Looking for Office Space? We Operate in Top US Locations: New York, Houston, Dallas, Miami, San Francisco, Chicago, Search more locations<\/p>\n","protected":false},"author":1,"featured_media":17197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[214,12,1],"tags":[],"class_list":["post-17196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-flexible-workspace","category-reports-and-research"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Breakdown of the Flexible Office Market - Instant Offices<\/title>\n<meta name=\"description\" content=\"Learn the cost of virtual offices, hot desks and coworking space in Seattle with our latest guide to the flexible office market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theinstantgroup.com\/en-us\/breakthrough-insights\/research-articles\/breakdown-of-the-seattle-flexible-office-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breakdown of the Flexible Office Market - Instant Offices\" \/>\n<meta property=\"og:description\" content=\"Learn the cost of virtual offices, hot desks and coworking space in Seattle with our latest guide to the flexible office market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theinstantgroup.com\/en-us\/breakthrough-insights\/research-articles\/breakdown-of-the-seattle-flexible-office-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Instant Offices Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/InstantOffices\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/InstantOffices\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-19T11:42:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-19T12:23:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.instantoffices.com\/blog\/wp-content\/uploads\/2022\/07\/Breakdown-of-the-Seattle-Flexible-Office-Market-2022-Instant-Offices.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Instant\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/Instant_Offices\" \/>\n<meta name=\"twitter:site\" content=\"@instant_offices\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Instant\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.instantoffices.com\/blog\/featured\/flexible-office-market-seattle\/\",\"url\":\"https:\/\/www.theinstantgroup.com\/en-us\/breakthrough-insights\/research-articles\/breakdown-of-the-seattle-flexible-office-market\/\",\"name\":\"Breakdown of the Flexible Office Market - 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