The top five flex space operators in New York City are obligated to a minimum of $755-900M in estimated annual rental payments. With financial strains stemming from this global pandemic touching every sector of the economy, its unclear how coworking will recover.

We've conducted extensive research to analyze what coworking means to the NYC market and the ramifications of its footprint possibly growing smaller. The stakes are high. Flex office space makes up 14.7 million square feet and that space returning to inventory would result in a 28% increase in inventory.