Commercial leasing providers serve as lessors of buildings for nonresidential purposes. Industry participants include owner-lessors of nonresidential buildings, establishments that rent real estate and then act as lessors in subleasing it and establishments that provide full-service office space. Through the end of 2025, lessors have experienced mixed demand from critical downstream market segments. Since the onset of COVID-19, demand for office space has been volatile amid work-from-home and hybrid work arrangements. However, demand for industrial and retail spaces has climbed, bolstered by gaining e-commerce sales and resilient consumer spending, buoying industry revenue. Over the past five years, industry revenue has climbed at a CAGR of 1.2% to reach $265.2 billion, including an estimated 0.2% gain in 2025. From 2020 to 2022, commercial leasing companies benefited from low interest rates, stimulating business expansion. However, in response to surging inflation, the Federal Reserve began raising interest rates in 2022 and continued into 2023. Rising interest rates translated into higher borrowing costs for tenants seeking new leases for their business operations. This can make expanding or relocating to a larger space more expensive. The industry benefited from three interest rate cuts in 2024 and one additional cut in 2025. Industry profit remains high, reaching 51.4% of industry revenue in 2025. Industry revenue will climb at a CAGR of 2.7% to $302.8 billion through the end of 2030. Demand for office space will remain subdued over the next five years. However, a shortage of prime office spaces will elevate rent for Class A office buildings, benefiting lessors with those in their portfolio. Per capita disposable income growth and a continuation of climbing consumer spending will bolster demand for retail spaces, especially in suburban and Sun Belt markets. E-commerce sales will continue to power demand for industrial space as the percentage of e-commerce sales to total retail sales will mount.

In January 2024, dedicated desks in San Jose were the most expensive coworking subscriptions, with a median monthly cost per person of *** U.S. dollars. This was higher than the median coworking rent in the 25 largest U.S. markets. Virtual offices and open workspaces were more affordable than dedicated desks, with a median monthly cost per person of *** and *** U.S. dollars, respectively.

As of January 2024, dedicated desks in Jacksonville were the most expensive coworking subscription, with a median monthly cost per person of *** U.S. dollars. This was lower than the median coworking rent in the ** largest U.S. markets. Open workspaces and virtual offices were more affordable than dedicated desks, with a median monthly cost per person of *** and *** U.S. dollars, respectively.

As of January 2024, dedicated desks in Los Angeles were the most expensive coworking subscriptions, with a median monthly cost per person of *** U.S. dollars. This was higher than the median coworking rent in the ** largest U.S. markets. Open workspaces and virtual offices were more affordable than dedicated desks, with a median monthly cost per person of *** and *** U.S. dollars respectively.

In January 2024, dedicated desks in Houston were the most expensive coworking subscriptions, with a median monthly cost per person of *** U.S. dollars. This was lower than the median coworking rent in the ** largest U.S. markets. Open workspaces and virtual offices were more affordable than dedicated desks, with a median monthly cost per person of *** and *** U.S. dollars, respectively. Nationwide, the median cost for a coworking space was higher.

In January 2024, dedicated desks in Phoenix were the most expensive coworking subscriptions, with a median monthly cost per person of *** U.S. dollars. This was comparable to the median coworking rent in the ** largest U.S. markets. Open workspaces and virtual offices were more affordable than dedicated desks, with a median monthly cost per person of *** U.S. dollars.

In January 2024, dedicated desks in Chicago were the most expensive coworking subscription, with a median monthly cost per person of *** U.S. dollars. This was lower than the median coworking rent in the ** largest U.S. markets. Open workspaces and virtual offices were more affordable than dedicated desks, with a median monthly cost per person of *** and *** U.S. dollars, respectively.

In January 2024, dedicated desks in Washington, D.C. were the most expensive coworking subscriptions, with a median monthly cost per person of *** U.S. dollars. This was higher than the median coworking rent in the ** largest U.S. markets. Open workspaces and virtual offices were more affordable than dedicated desks, with a median monthly cost per person of *** and ** U.S. dollars, respectively.

In January 2024, dedicated desks in Austin were the most expensive coworking subscription, with a median monthly cost per person of *** U.S. dollars. This was notably higher than the median coworking rent in the ** largest U.S. markets. Open workspaces and virtual offices were more affordable than dedicated desks, with a median monthly cost per person of *** and *** U.S. dollars, respectively.

In January 2024, dedicated desks in Philadelphia were the most expensive coworking subscriptions, with a median monthly cost per person of *** U.S. dollars. This was higher than the median coworking rent in the ** largest U.S. markets. Open workspaces and virtual offices were more affordable than dedicated desks, with a median monthly cost per person of *** and 100 U.S. dollars, respectively.

In January 2024, dedicated desks in Miami were the most expensive coworking subscription, with a median monthly cost per person of *** U.S. dollars. This was higher than the median coworking rent in the ** largest U.S. markets. Open workspaces and virtual offices were more affordable than dedicated desks, with a median monthly cost per person of *** and ** U.S. dollars, respectively.

In 2023, the real GDP of the Los Angeles metro area amount to around 1.08 trillion U.S. dollars, and increase after 2021. The overall quarterly GDP growth in the United States can be found here. Gross domestic product of Los AngelesWith a population of over 12.8 million inhabitants in 2023, Los Angeles is the second-largest city in America, following only New York. The Los Angeles metro area also ranked second among U.S. metro areas in terms of gross metropolitan product, second again only to New York City metro area, which came in with a GMP of 1.99 trillion U.S. dollars to Los Angeles’ 1.13 trillion U.S. dollars in the fiscal year of 2021. Chicago metro area ranked third with GMP of 757.2 billion U.S. dollars. Additional detailed statistics about GDP in the United States is available here. Despite Los Angeles’ high GDP, L.A. did not do as well as some cities in terms of median household income. Los Angeles ranked 9th with a median household income of 76,135 U.S. dollars annually in 2022. This was slightly higher than the median household income of the United States in 2022, which came in at 74,580 U.S. dollars annually. Located in Southern California, Los Angeles is home to Hollywood, the famous epicenter of the U.S. film and television industries. The United States is one of the leading film markets worldwide, producing 449 films in 2022, many of them produced by Hollywood-based studios. In 2018, movie ticket sales in North America generated over 11.89 billion U.S. dollars in box office revenue. Famous Hollywood actresses earn millions annually, with the best paid, Sofia Vergara, earning 43 million U.S. dollars in 2020. Second on the list was Angelina Jolie with earnings of 35.5 million U.S. dollars.