Albany, NY, and Santa Maria, CA, boast the highest median rates for open workspaces at $250/month at the end of Q4 of 2023, with Santa Maria leading in dedicated desks at nearly $500/month, according to analysis from CoworkingCafe.
Colorado Springs, CO, rises to fourth place nationally with open workspace rates matching Washington, D.C. at $200/month in Q4. Meanwhile, virtual offices in Rochester, NY, cost a quarter of those in Trenton, NJ, at $50/month.
Albany has emerged as a research and tech hub anchored by the IBM Research Center. In contrast, the New York City metro area ranks as the second-most expensive for open workspaces, with a median monthly rate of $239, a $40 increase from 2023. With 304 coworking spaces, including 70 by Regus and 37 by WeWork.
