Vast Coworking Group (Vast), the world's largest privately owned franchisor of coworking spaces, reported strong year-over-year performance in 2025 across systemwide sales, membership growth, franchise development, and international expansion. The company's three brands—Venture X, Office Evolution, and Intelligent Office—collectively scaled operations, cementing Vast as the second-largest flexible workspace network in North America and third-largest worldwide by number of locations.
The flexible office sector continues to attract investment as enterprises and entrepreneurs shift away from traditional long-term leases. Despite representing only an estimated 2% of U.S. office inventory, flexible workspace is one of the fastest-growing categories in commercial real estate and is increasingly recognized as essential for modern office portfolios. Systemwide performance across Vast's brands reflected these trends, with Venture X reporting an 11% increase in annual revenue and Office Evolution posting a 13% rise. Intelligent Office maintained a stable revenue base while refining its virtual office and professional services offerings, positioning for domestic and international expansion in 2026.
"The way I see it, we're now in the era of 'Coworking 4.0' with commercial real estate having a flex-first approach. Everywhere, Fortune 500 companies and other major enterprises – even the government – are turning to flex to accommodate their hybrid and geographically distributed workforces without having to commit to long-term leases," said Jason Anderson, Co-Founder and CEO of Vast. "The performance of our brands in 2025 underscores the strength of our portfolio and franchise model and validates the demand for diversified coworking concepts that can serve different customer segments and real estate profiles around the world."
Membership growth was a key indicator: Venture X grew its global membership base by 67%, Office Evolution by 50%, and Intelligent Office surpassed 4,800 members across locations and virtual service channels. Vast also expanded its global square footage and geographic reach. Venture X exceeded 1.49 million square feet of workspace globally, Office Evolution surpassed 919,700 square feet, and Intelligent Office topped 324,800 square feet, bringing Vast's total to more than 2.7 million square feet worldwide.
Development activity accelerated in 2025. Venture X and Office Evolution opened 11 and 6 new locations, respectively, driven by franchise interest and demand in suburban and secondary markets. Franchise development resulted in 13 new Venture X agreements, 16 Office Evolution agreements, and 11 Intelligent Office agreements, with 34 locations already in the pipeline for 2026. International expansion also progressed: Office Evolution opened its first locations in Canada and South Africa and signed a master license agreement for the United Kingdom. VentureX expanded one of its locations in India and signed a master license agreement for South Africa.
Opportunities are available for coworking operators, investors, prospective franchisees, landlords, and brokers. For more information, visit www.vastcoworking.com.
