Procurement Market Intelligence Report
Serviced Office Space
Sourcing Guide & Market Intelligence
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Serviced Office Space Global Overview
Definition
Summary
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.
This Report Includes:
- Executive Suites
- Open Plan Offices
- Office Business Centers
- Flexible Offices
- Office Hoteling
Not in this Report:
- Conference Centers
- Convention Centers
- Inns
- Hotels
- Motels
Global Serviced Office Space Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 Europe | 3,305 |
| #2 China | 1,030 |
| #3 India | 880 |
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2
Geography Drilldown - US
Average Cost of Serviced Office Space
United States
2026 Market Pricing$69.00 to $XX,XXX.XX
per person per monthAverage Price
Prices in the Serviced Office Space market range from $69.00 to $XX,XXX.XX, depending on Type, Location and Size. For example, lower prices are associated with Flexible workspace ($275 to $715 per person per month), whereas higher prices are associated with Locked office ($500 to $8,830 per person per month).
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Serviced Office Space Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Serviced Office Space market, prices in the US have grown 2.2% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
Wondering where prices are heading?
Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Serviced Office Space
Total cost of ownership is Low in the Serviced Office Space market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Hidden Fees may raise the total cost of ownership unexpectedly.
Negotiated Before
Customization
Set Up Fees
Billed During
Insurance
Unforeseen
Hidden Fees
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -0.8 in the United States. Buyer power is most positively impacted by Forecast Price Trend. It is most negatively impacted by Recent Price Volatility. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Medium, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Commercial Building Construction Companies
- Internet Service Providers
- Copier & Office Equipment Wholesalers
- Furniture Wholesalers
- Computer & Packaged Software Wholesalers
2nd
Tier Suppliers
- Iron & Steel Manufacturers
- Telecom Networking Equipment Manufacturers
- Copier & Optical Machinery Manufacturers
- Office Furniture Manufacturers
- Computer Manufacturers
Biggest Serviced Office Space Suppliers in the US by Revenue
The largest Serviced Office Space vendors by revenue in the US are Wework Inc., American Executive Centers and Blankspaces. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Iwg Plc | Global | Lug, CH | 1,001-10,000 | 20-25 | ||||
| Alliance Business Centers Network | Global | Newport Beach, CA | 1,001-10,000 | < 5 | ||||
| Premier Office Centers, LLC | National | Irvine, CA | 251-500 | < 5 | ||||
| Servcorp Ltd. | Global | Sydney, AU | 501-1,000 | < 5 | ||||
| American Executive Centers | National | Philadelphia, PA | 51-100 | < 5 | ||||
| Blankspaces | Regional | Santa Monica, CA | 25-50 | < 5 | ||||
| Davinci Virtual LLC | Global | Salt Lake City, UT | 51-100 | < 5 | ||||
| eOffice | International | Alpharetta, GA | 51-100 | < 5 | ||||
| LYNX Franchising LLC | National | Alpharetta, GA | <25 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Serviced Office Space market is 16.9% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Overhead. The cost trend for this component is rising, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Vendor risk is moderate due to the current volatility in demand trends as workers and employers battle over workplace flexibility.
The top four firms in the serviced office space market are estimated to generate just under 50.0% of total market revenue, indicating moderate market share concentration.
The supply chain for the serviced office space market presents a moderate level of risk. Office furniture and computers are experiencing moderate to high levels of supply chain risk, but serviced office space vendors are generally not exposed to much of the risk due to not procuring materials in high volume and regularly.
The United States is a net importer of office furniture, meaning that serviced office vendors benefit from access to a wide range of global suppliers at varying price points when sourcing this input.
Supplier Information
Iwg Plc
Iwg Plc is a public company operating globally in the real estate & rental & leasing sector. The company's offerings include serviced office space. Founded in 2017, the company is currently headquartered in Lug, Switzerland with an estimated 5500 employees. Subscribe to learn more
Alliance Business Centers Network
Alliance Business Centers Network is a private company operating globally in the real estate & rental & leasing sector. The company's offerings include serviced office space. Founded in 1992, the company is currently headquartered in Newport Beach, California, United States of America with an estimated 4000... Subscribe to learn more
American Executive Centers
American Executive Centers is a private company operating nationally in the real estate & rental & leasing sector. The company's offerings include serviced office space. Founded in 1980, the company is currently headquartered in Philadelphia, Pennsylvania, United States of America with an estimated 175 employees.... Subscribe to learn more
Blankspaces
Blankspaces is a private company operating regionally in the real estate & rental & leasing sector. The company's offerings include serviced office space. Founded in 2008, the company is currently headquartered in Santa Monica, California, United States of America with an estimated 37 employees. Subscribe to learn more
Davinci Virtual LLC
Davinci Virtual LLC is a private company operating globally in the real estate & rental & leasing sector. The company's offerings include serviced office space. Founded in 2006, the company is currently headquartered in Salt Lake City, Utah, United States of America with an estimated 72 employees. Subscribe to learn more
eOffice
eOffice is a private company operating internationally in the real estate & rental & leasing sector. The company's offerings include serviced office space. Founded in 1991, the company is currently headquartered in Alpharetta, Georgia, United States of America with an estimated 75 employees. Subscribe to learn more
LYNX Franchising LLC
LYNX Franchising LLC is a private company operating nationally in the real estate & rental & leasing sector. The company's offerings include serviced office space. Founded in 1991, the company is currently headquartered in Alpharetta, Georgia, United States of America with an estimated 14 employees. Subscribe to learn more
Premier Office Centers, LLC
Premier Office Centers, LLC is a private company operating nationally in the real estate & rental & leasing sector. The company's offerings include serviced office space. Founded in 2002, the company is currently headquartered in Irvine, California, United States of America with an estimated 375 employees.... Subscribe to learn more
Servcorp Ltd.
Servcorp Ltd. is a public company operating globally in the real estate & rental & leasing sector. The company's offerings include serviced office space. Founded in 1999, the company is currently headquartered in Sydney, Australia with an estimated 750 employees. Subscribe to learn more
Accelerate the vendor selection process
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Procurement Management KPIs for the Serviced Office Space Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Cost of Goods Sold and Customer Retention Rate. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Amenities and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Cost of Goods Sold |
|
Total material cost Total service cost |
The cost of goods sold gives buyers a look into the type of supplies vendors are providing and whether pricing matches the quality of products being offered. Vendors with a high cost of goods sold may not be putting in enough effort to minimize costs, hurting buyers. |
| Customer Retention Rate |
|
Number of lost clients Client renewal rate |
Vendors with a higher customer retention rate indicate stronger customer satisfaction and a higher quality of service. Buyers can look into why other clients left the vendor to look for potential issues that can arise. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Price
How have real estate prices affected the price of serviced office space in the past three years?
How do you expect real estate prices to affect the price of serviced office space in the next three years?
Value-Added Services
Is it possible to select and pay for only the amenities I need?
What type of internet access do you provide? Do you have Wi-Fi in the building?
Quality Control
How often do you replace furniture? Which suppliers do you purchase your furniture from?
What discounts do your suppliers offer you for furniture, if any?
The ultimate prep for procurement negotations
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Serviced Office Space RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should give an overview of their organizations, including their industry, products and/or services offered, and current business locations.
Buyers should give a brief overview of their office space, including minimum square footage, type (e.g., private office, dedicated workspace, etc.), and location(s).
Statement Of Need
Buyers should give a more detailed description of their desired workspace, such as the number of employees and the type of workspace they require, and what business operations will be conducted at the serviced office space.
Buyers should outline the desired amenities (e.g., receptionists, kitchens, cleaning services, conference rooms, and coffee bars).
Project Budget
Vendors should include the base rental rate for the serviced office space.
Vendors should include other costs for which buyers are responsible for (e.g., utilities, parking, and conference room bookings).
The RFP process made easy
Find out how you can access RFP templates for 800+ procurement categories to start writing better, more consistent RFPs.
We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
