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Serviced Office Leasing in the US Industry Data and Analysis
The Serviced Office Leasing industry is under significant pressure because of a high national office vacancy rate of 20.7% in Q2 2025, as per Moody's Analytics. This reality has driven many providers to shift away from traditional long-term leases towards more flexible options. Contract terms are now shorter, spaces are 'on-demand' and solutions are scalable, allowing businesses to easily alter their physical footprint according to their evolving needs. Industry leaders are investing heavily in technological advancements and hospitality-driven amenities to differentiate themselves in a market flooded with choices. This strategy is designed to appeal to businesses apprehensive about long-term commitments, driving them towards these attractive, adaptable options instead. Revenue has climbed at a CAGR of 0.3% through the five years to 2025 and is expected to reach $3.1 billion. This includes an expected 0.5% drop in 2025 alone.
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What's included in this industry analysis
IBISWorld's research coverage on the Serviced Office Leasing industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released December 2025.
About this industry
What's this industry report about?
The Serviced Office Leasing industry in the United States operates under the NAICS industry code OD4883. Serviced office lessors rent or lease fully furnished office space to businesses on a part-time or as-needed basis to a myriad of businesses, ranging from start-ups to Fortune 500 companies. Lessors also provides virtual office and conference room leasing options. Companies that provide conventional commercial leasing options are excluded from this industry. Related terms covered in the Serviced Office Leasing industry in the United States include virtual office, electric desk and serviced offices.
What's included in this industry?
Products and services covered in Serviced Office Leasing industry in the United States include Private office rental, Desk rental and Combined membership plan.
What companies are included in this industry?
Companies covered in the Serviced Office Leasing industry in the United States include Iwg Plc and Wework Inc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Serviced Office Leasing industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Serviced Office Leasing industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Serviced Office Leasing industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Serviced Office Leasing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Serviced Office Leasing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Serviced Office Leasing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Serviced Office Leasing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Serviced Office Leasing industry in the United States.
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Frequently Asked Questions
What is the market size of the Serviced Office Leasing industry in the United States in 2026?
The market size of the Serviced Office Leasing industry in the United States is $3.1bn in 2026.
How many businesses are there in the Serviced Office Leasing industry in the United States in 2025?
There are 4,189 businesses in the Serviced Office Leasing industry in the United States, which has grown at a CAGR of 0.8 % between 2020 and 2025.
How may import tariffs affect the Serviced Office Leasing industry in the United States?
The Serviced Office Leasing industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Serviced Office Leasing industry in the United States?
The Serviced Office Leasing industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Serviced Office Leasing industry in the United States grown or declined over the past 5 years?
The market size of the Serviced Office Leasing industry in the United States has been growing at a CAGR of 0.3 % between 2020 and 2025.
What is the forecast growth of the Serviced Office Leasing industry in the United States over the next 5 years?
Over the next five years, the Serviced Office Leasing industry in the United States is expected to grow.
What are the biggest companies in the Serviced Office Leasing industry in the United States?
The biggest companies operating in the Serviced Office Leasing industry in the United States are Iwg Plc and Wework Inc.
What does the Serviced Office Leasing industry in the United States include?
Private office rental and Desk rental are part of the Serviced Office Leasing industry in the United States.
Which companies have the highest market share in the Serviced Office Leasing industry in the United States?
The company holding the most market share in the Serviced Office Leasing industry in the United States is Iwg Plc.
How competitive is the Serviced Office Leasing industry in the United States?
The level of competition is high and increasing in the Serviced Office Leasing industry in the United States.
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