KEY TAKEAWAYS Average team size among active startups in our portfolio grew by more than half over three years. The top 10 U.S. startup metros in this report are: San Francisco, New York, Los Angeles, Boston, Seattle, Austin, Chicago, Washington, D.C., Philadelphia, and San Diego. The U.S. coworking market now exceeds 9,100 locations and 164 million square feet, after growing 17% in a single year. All five of the top U.S. startup metros rank within our global top 15.