Coworking has been growing exponentially in D.C., with new deals signed nearly every month so far in 2018. The heads of several coworking companies say they are not slowing down their growth any time soon, and experts predict the market could continue to explode for the foreseeable future.

"We've done an analysis of the D.C. market and I think there's a long runway for growth," said Industrious CEO Jamie Hodari, who will speak at Bisnow's Greater Washington State of Office event Sept. 26. "Our intent is definitely to continue growing both within the city and its surrounding community."

Industrious has signed leases for three D.C.-area coworking spaces in the last year and Hodari said it hopes to grow to eight locations in the region by the end of 2019. It is one of at least nine coworking providers that have expanded in D.C. this year, a trend that is driving the market's office demand at a time when D.C.'s established office occupiers continue to shrink.

The coworking sector has accounted for over 400K SF of D.C.-area leases so far in 2018, according to JLL Director of U.S. Office Research Scott Homa, accounting for roughly 20% of the overall market's occupancy gain. Coworking leader WeWork has quickly become the largest private office tenant in D.C. with over 600K SF leased.