This market report highlights the significant expansion of coworking spaces in suburban areas, outpacing growth in urban regions over the past year. Suburban markets accounted for nearly all of the increase in flex space, reflecting a shift driven by companies embracing remote and hybrid work models. Despite this trend, challenges persist in office employment growth and construction activity, with a notable decline in the office construction pipeline. Regional insights reveal strong momentum in markets such as Boston, San Francisco, Dallas, and Austin. However, the national office vacancy rate continues to rise, particularly in tech hubs like San Francisco, Seattle, and Denver. Despite these challenges, localized variations in rental rates suggest opportunities for stakeholders to adapt and innovate in response to evolving market dynamics.