Vast Coworking Group (Vast), the world's largest privately owned franchisor of coworking spaces, announced strong year-over-year performance for 2025, driven by systemwide sales, membership growth, franchise development, and international expansion. The company's three brands—Venture X, Office Evolution, and Intelligent Office—collectively scaled operations, positioning Vast as the second-largest flexible workspace network in North America and the third-largest worldwide by number of locations.
The flexible office sector continues to attract significant investment interest as enterprises and entrepreneurs increasingly shift toward agile workspace solutions. Despite representing only an estimated 2% of U.S. office inventory, flexible workspace is one of the fastest-growing categories within commercial real estate and is becoming an essential component of modern office strategies, according to the company.
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% increase. Intelligent Office maintained a stable revenue base as it refined its virtual office and professional services offerings, preparing for domestic and international expansion in 2026.
"We're now in the era of 'Coworking 4.0' with commercial real estate having a flex-first approach," said Jason Anderson, Co-Founder and CEO of Vast. "Fortune 500 companies and other major enterprises—even the government—are turning to flex to accommodate their hybrid and geographically distributed workforces without committing to long-term leases. The performance of our brands in 2025 underscores the strength of our portfolio and franchise model."
Membership growth was a key performance indicator for Vast's portfolio. Venture X grew its global membership base by 67%, Office Evolution by 50%, and Intelligent Office surpassed 4,800 members across its locations and virtual service channels. Vast also increased its global square footage: Venture X exceeded 1.49 million square feet, Office Evolution surpassed 919,700 square feet, and Intelligent Office surpassed 324,800 square feet. In total, Vast now spans more than 2.7 million square feet worldwide.
Development activity accelerated in 2025, with Venture X and Office Evolution opening 11 and 6 new locations, respectively, supported by strong franchise interest and growing demand in suburban and secondary markets. Franchise development across all three brands 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 international locations in Canada and South Africa and signed a master license agreement to extend its footprint in the United Kingdom. Venture X expanded the square footage of a location 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.
