United States
US 60465050 | Procurement

Serviced Office Space in the US Procurement Price, Data and Insights

IW
IBISWorld Research Department
Analyst New York
Serviced office spaces are fully furnished and equipped office environments managed by facility management companies, providing businesses with ready-to-use workspaces on flexible rental terms. These offices come with a range of shared amenities such as reception services, meeting rooms, IT support, and maintenance, allowing companies to operate efficiently without the overhead costs associated with traditional office leases. Ideal for startups, small businesses, and remote teams, serviced office spaces offer a professional setting with the convenience of immediate occupancy and minimal setup time. Key buyers include professional service companies, start-up companies, independent brokers and agents, scientific services companies, and technical service companies.

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What’s included in this market coverage

IBISWorld's research coverage on the Serviced Office Space procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.

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About this Market

What’s this procurement report about?

This procurement coverage of the Serviced Office Space market in the United States includes Private Office Space, Co-working Space, Virtual Office Space and Executive Suite. Standard coding in this coverage includes ISIC-681-Real estate activities with own or leased property, NACE-68.20-Rental And Operating Of Own Or Leased Real Estate, NAICS-531120-Lessors of non-residential buildings (except mini-warehouses) and UNSPSC-90111600-Meeting facilities.

What common market terminology is included?

Common market terminology included in the Serviced Office Space procurement coverage includes Think Pods (Also referred to as individual work stations, small spaces that fit a computer or laptop, a desk and a chair. A think pod is typically located in a larger office space but allows for privacy while working.), Executive Suites (A group of offices or rooms typically used by the top management of a company.), Virtual Office (A space that provides buyers with an address and communication services, such as a remote receptionist, a virtual assistant and voicemail.) and Virtual Receptionist (A receptionist that is assigned to work with a company but is not an employee of the company. The virtual receptionist can be stationed in-house or remotely but often provides live services and greets guests.).

What companies are included as top suppliers?

The top companies covered in the Serviced Office Space procurement report as suppliers are Lynx Franchising Llc, Eoffice, Davinci Virtual Llc, Blankspaces and American Executive Centers.

Opportunity Assessment

What’s included in the Opportunity Assessment chapter?

The Opportunity Assessment chapter provides a comprehensive market analysis of the Serviced Office Space market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.

The market pricing trends include the Market Price (2026) per person per month, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.

Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Serviced Office Space market environment.

Buyer Power Score

What’s included in the Buyer Power Score chapter?

The Buyer Power Score chapter assesses key components impacting Serviced Office Space procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.

These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.

Price Environment

What’s included in the Price Environment chapter?

The Price Environment chapter covers detailed pricing analysis and datasets on Serviced Office Space market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.

Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.

Supply Chain & Vendors

What’s included in the Supply Chain & Vendors chapter?

The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Serviced Office Space market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.

Business Requirements

What’s included in the Business Requirements chapter?

The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.

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Frequently Asked Questions

What is the current market price for Serviced Office Space?

The 2026 benchmark market price for Serviced Office Space is $651 per person per month. Prices have increased at a CAGR of 2.08 from 2023-26.

Who are the top vendors in the Serviced Office Space market?

The top vendors in the Serviced Office Space market include Lynx Franchising Llc, Eoffice, Davinci Virtual Llc, Blankspaces and American Executive Centers.

What industries supply the Serviced Office Space market?

The top industries supplying the Serviced Office Space market are Commercial Building Construction in the US, Iron & Steel Manufacturing in the US, Computer & Packaged Software Wholesaling in the US, Computer Manufacturing in the US, Copier & Office Equipment Wholesaling in the US, Copier & Optical Machinery Manufacturing in the US, Furniture Wholesaling in the US, Office Furniture Manufacturing in the US, Internet Service Providers in the US and Telecommunication Networking Equipment Manufacturing in the US.

What is the supply chain risk for Serviced Office Space?

Medium concentration creates competitive vendor landscape but low supplier diversity limits options. The serviced office space market features a medium level of vendor concentration, which creates some competitive tension but is offset by low supplier diversity. Buyers benefit from moderate competition among established providers but face constraints when attempting to source from a broader pool of vendors. To balance this environment, buyers should actively benchmark pricing across multiple suppliers, negotiate service differentiation as a competitive lever, and secure value-added contract terms to maximize the benefits of limited competition.

What factors affect the price of Serviced Office Space?

Resource requirements, such as the availability of office furniture, technology infrastructure, and amenities, significantly affect the pricing of serviced office spaces. For instance, a fully equipped executive suite with high-speed internet and modern furnishings will command a higher price compared to a basic flexible office space with minimal resources, as the former caters to businesses seeking immediate operational readiness and a professional environment.

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