how many coworking spaces are there in the world

Why are more and more people taking the plunge and what are the benefits you can expect from joining the coworking revolution? There are over 5 million coworkers worldwide. Coworking Size and Capacity: Data from Coworking Insights & Coworkers2019 Coworking Size and Capacity report, based on square footage and density from 6,405 coworking spaces in 113 countries. What is more, 83% of respondents said they feel less lonely. Co-working spaces create the best of both worlds for freelancers: The flexibility of choosing your own hours and schedule without the isolation. The results of Coworker's study reveal that the most common demographics of people who use coworking spaces are members of small companies and startup teams. Many of the world's largest landlords have invested heavily in these spaces. Kia Roberts has used several co-working spaces, even before the pandemic hit. Plus, everyone around you is genuinely there to work. 24. That is an annual growth rate of about 21.3%. In terms of country rankings, Monaco took the top spot in 2019-2020 for most expensive monthly hot desk price, coming in at $397 per month. The average age of those who use coworking spaces is 30 - 39. More than half of coworkers feel they are part of something greater. A total of 82% of co-workers report that, since theyve nested in a. , their networks have expanded significantly. The name as it is used today was officially coined by a guy called Brad Neuberg, who set up the first official coworking space back in August of 2005. In terms of space size though, North America has the largest spaces in the world, with an average size of 9,799 sq.ft. Flexibility, affordability, and productivity are the founding principles of the coworking industry. So it is no wonder that in addition to feeling more motivated 69% of. If anyone still has doubts about how dominant this new sensation in the workspace industry is, they havent asked the right question. And just like that, coworking as we know it was born. Your IP: As more corporate companies embrace flexible work practices, we can expect capacity to continue to grow overtime as serviced offices and remote teams will become increasingly important for space operators. Of the respondents, 52.03% of respondents operate one total location under the umbrella of their brand, while 28.61% operate two-three total locations, and 12.62% operate 8 or more. However, the median age is increasing slightly each year. With our platform and the help of our advisors you will find the perfect office space for your company. purposes. There were more than 3 million people working in coworking spaces in 2019. Demand will mainly come from larger organizations and enterprises looking to decentralize their workforces into smaller branch offices and remote teams into private flex offices. Coworking productivity statistics suggest shared offices make 70% of their members healthier. And how many coworking spaces are there in the US today? Coworking operators generate 61% of their revenues from renting out desks. The only exception is Europe, where prices have increased by almost 12% over the past 2 years. Freelancers make about 42% of coworking space members worldwide. has proven quite successful and has found target users such as SMEs and startup teams. The global average price per desk dropped by 2.14% between 2019 and 2020, which illustrates the increasing supply of new flexible offices, as well as how higher competition is leading to even more affordable options for companies and professionals. Threads: What to Know About Instagram's 'Twitter Killer' App - The New Now lets get down to some stats, shall we? The trio came up with the idea of individual pods, unlocked and rentable by the hour through users smartphones. Coworking, Office Space - All Locations | WeWork While only about 160 coworking spaces existed worldwide in 2008, there were close to 19,000 in 2018. Still wondering why coworking is getting more popular by the day? When comparing the worlds most expensive cities for coworking, Palo Alto in California claimed the top spot in 2019-2020, with monthly hot desk prices of $511 on average. Co-Working Spaces Are Back. And There Are Many, Many Options. These companies included big names like Microsoft, Spotify, Pinterest, and HSBC. The United States is still leading as the biggest market with over 3,700 shared workspaces across the country, followed by India (2,197 spaces) and the United Kingdom (1,044 spaces). With coworking, of course. This gave birth to coworking spaces of different styles and sizes, offering cooperation possibilities and much more. You dont have to commute, he said. It has been heavenly.. Asia Pacific (India included) leads with 11,592. become profitable within two years from their opening. Read more . It is the priciest of them all and will cost you $358 per month. More men working there. A total of 82% of co-workers report that, since theyve nested in a co-shared workspace, their networks have expanded significantly. 14 years later, the demand for flexible workspaces is higher than ever. The cosy, relaxed nature of most coworking hubs contributes to social interactions and helps boost spirits at work. indicate that in 2020 the number of these super convenient offices is expected to reach a staggering 26,300. Can I get my own dedicated desk in United States? Teams may adapt to a new way of working that focuses on a healthy workforce through virtual offices, coworking access cards, and hybrid workplaces. 1. Existing coworking statistics clearly demonstrate that Shared working spaces are reimagining the workplace as a notion, bringing about a revolution of their own. Coworking typically has 40% - 45% of women as members, while 50% - 55% of coworking spaces are occupied by men. She had always envisioned her rented loft space as a vibrant live-work community, but the pandemic shut down workshop possibilities for her, leaving her alone for months on end. The size and capacity of any workspace matter tremendously and should be chosen based on the particular demands of freelancers. Her expenses are covered, she said, and her creativity has gotten a boost from other people being around. Projections for 2021-2024 are based on average yearly growth of Coworkers listings as well as Coworking Resources data. is not an easy job. According to Deskmags research, the average coworking hub is still well-populated by freelancers, who account for around 41% of the workforce. In two years alone, this figure has skyrocketed with Manhattan being the crowned king to rule the US coworking market. On the other hand, business trips will occur less frequently than pre-Covid. The previously male-dominated industry is becoming home to more and more women, mostly in the freelance sector (46%). SMEs are currently the primary occupants of coworking spaces. Please see the issuers website for current information. Are they worth it? More details in the methodology section. And the results are incredible. Number of Coworking Spaces in North America Number of Coworking Spaces in South America Number of Coworking Spaces in Europe Number of Coworking Spaces in the Middle East Number of Coworking Spaces in Africa Number of Coworking Spaces in Asia Number of Coworking Spaces in Australia See all workspace solutions First, unlike a traditional office, coworking spaces consist of members who work for a range of different companies, ventures, and projects. Based on Coworker listings, the top 15 cities with the most expensive average monthly hot desk prices include 8 American cities and 6 European cities. 21. Bea Arthur, a mental health counselor, joined The Wing four years ago and recently returned. Probably because such trips enable experiences and adventures that people cannot reproduce online. All employees these days are very concerned about their physical and mental wellness. Plus, there are rent costs. But there's a new concept on the way: Co-living, which is, in a sense, the coworking equivalent of finding housing. The pandemic forced the closure of 21.76% of spaces. Today, Asia leads the gang of coworkers with the highest number of shared working spaces, while Europe, the Middle East, and Africa altogether have 6,850. There were nearly 19,000 coworking spaces worldwide in 2019. Exactly how big is the coworking industry? Coworking statistics indicate that facilities earn 10% from leasing out meeting offices, another 10% of their revenue comes from event rooms, 5% comes from food and beverages, and another 5% is generated from workshops and other events. This steadily rising number shows that coworking office spaces are growing not only in number, but in size as well. The office space inspired by coworking space, Security deposit and bank guarantee during office rent. Joining a coworking space made 89% of members happier. Cloudflare Ray ID: 7e65436b292a8260 rely on membership fees as basic income but the majority of startups are supported by the owners other income in their initial period of operation. Victory Workspace,Statista,Statista,AllWork.Space,Coworking Insights,Deskmag,Deskmag,Ergonomic Trends,Coworking Insights,Coworking Insights,Coworking Resources,Entrepreneur,GCUC,Officevibe,Coworking Insights,Deskmag,SlideShare. It was perceived as a concept that would mainly benefit freelancers, millennials, and startups. 1. Cozy Coworking Statistics You Need To Know In 2023 - SmallBizGenius Read More:9 insights to pros and cons of coworking spaces. Their social lives are blooming and their social networks have spread by 79%. Or leave a search request with our office specialists. According to research, there will probably be 41,975 coworking spaces around the world. What are the world's largest coworking companies? Theres a shift in the work dynamic, but there will always be a demand to leave your house and go to work, said Joseph Chehebar, a founder of SoHos Kin Spaces, which leases office space to small companies. Small businesses with staff occupying s. are the oldest group (40 years old on average), followed by freelancers in their late thirties (38 on average). This number is estimated to grow to over 5 million in the next few years. Although one would expect freelancers, hackers, and remote employees to lead the pack of shared workspace creators. The research looked into the worlds 50 countries with the highest number of coworking facilities per 1 million citizens and the results are incredible. Do you plan to expand your coworking space this year? Its 1995 in Berlin, Germany, and 17 computer engineers have just created one of the first ever hackerspaces: c-base. These spaces offer massive amounts of workspace, great amenities, and social aspects that smaller spaces are limited in. With 40% of members being women and female memberships continuing to rise, coworking spaces truly offer a remade workspace for women across the globe. Use the search function to select a specific area. The package entails lower office costs, desk, flexibility, more networking, new skills, free seminars, higher productivity, and last but not least, working with people who actually share the same views as you. 1. The bigger the better? Number of flexible workspaces worldwide by region 2022 This is in large part due to a surge of new coworking spaces around the globe. Drill down on each country and find a space and community as unique as you are. And the global value of the coworking market is not expected to start going down any time soon. Im very glad its back. Her biggest surprise upon return? The World's Largest Coworking Spaces - Coworker.com WeWork Coworking Statistics: How much does WeWork cost? Clicking on the following button will update the content below. How many members does WeWork have? Here are some statistics that prove this point. The global coworking spaces market is expected to decline from $9.27 billion in 2019 and to $8.24 billion in 2020 at a compound annual growth rate (CAGR) of -12.9%. Singapore is ranked second with 4.7, and Ireland is third with 4.4 new coworking spaces sprouting up every year. Based on data from the 2019 Coworker Members Choice Awards, before the coronavirus hit the world economy around 77% of the coworking operators surveyed said they plan to expand by opening new locations. 8.5 new workspaces are opening in Luxembourg every year. The average age of members in coworking spaces is 36. 50% of coworkers are independent employees. Who uses coworking? Although these offices can also be rented out by. The size and capacity of any workspace matter tremendously and should be chosen based on the particular demands of freelancers. In 2019, the leading serviced office company in the world in terms of global market share was Regus. From a luxurious chalet in the Swiss Alps to a villa in sunny Bali, some of. Meanwhile, nearly half (43%) of the coworkers have not yet turned 30. Coworking Space in the United States One team meeting there recently used plastic safety barriers as an impromptu drawing board to post sticky notes with marketing ideas. 2019-2024 estimates are based on proprietary data from Coworking Resources about coworking space opening announcements, growth forecasts from Coworkers listings as well as estimates on the seats/request growth based on Coworker data for 2020. Coworking operators generate 61% of their revenues from renting out desks. As the coworking industry goes mainstream, the downward trend in prices is reflected across different regions in the world. So it should not come as a surprise that there are currently more than 5 million coworkers thriving around the globe. How many coworking spaces are there in the world 2022? At 2.8 per million, the US is tied with Canada and behind Australia, the UK, New Zealand, Ireland, and Singapore. Im a tough girl, I was like nuh uh, all the pink, Ms. Arthur said of her initial hesitation to become a member. Globally, the market value of coworking spaces is $26 billion. View all solutions Coworking membership Hot desks, lounges, phone booths and more 1+ Private office Turnkey offices with shared amenities 1-20+ Office suite Elevated offices with private amenities 20-100+ Meeting room Private rooms bookable by the hour 1-20 ENDING SOON Unlock workspace starting from $6/day* + tax The average age for men is 35, and 30 for women. First, the hacker. Expanding companies come in second with 26.2%, while chains are third with 8.6%. is certainly not easy, especially for those operators who start from scratch. In fact, coworking is growing greater than Walmart and coworking industry statistics indicate that in 2020 shared offices around the world will reach the number of McDonalds outlets. This means that SmallBizGenius may receive a commission when you sign up for a service or purchase product using one of our links.Our website also includes reviews of products or services for which we do not receive monetary compensation; information included in these reviews has been collected by SmallBizGenius. As the office world adjusts to a new normal and workers grow tired of their homes, WeWork and its competitors reap the benefits. Co-working is the future.. Private Office Grow your business in your own private, move-in ready officecomplete with shared professional amenities and day-to-day operational support. Plus, the employees, all of whom live near her, do not have much of a commute. Offering an alternative to commuting is also a goal of Pirro Cece, the founder of Class & Co, in Greenpoint. Hanya Chang, an artist in Williamsburg, Brooklyn, rents out her lofts living room to a team of workers through a start-up called Codi. 14. Meanwhile, nearly half (43%) of the coworkers have not yet turned 30. A new coworking office space opens up roughly once a week in New York and once every five days in London. Are you seeking for the most recent coworking spaces statistics? Around the world, there are over 18,700 coworking spaces. Cozy to luxurious, to sector-specific these amazing shared offices are conquering the world. Copyright 2023 SmallBizGenius.net. What is even more amazing is that the number of women with Masters degrees is higher than that of men. According to global coworking statistics there are 11,592 flexible workspaces in the Asia-Pacific region, followed by 6,850 in Europe, the Middle East, and Africa, while there are 6,293 in the US. Prior to the pandemic, co-working spaces were the fastest-growing type of office space in commercial real estate. What are the best coworking spaces in the world? Required fields are marked *. Flexible desks are also much cheaper, but you lose 24/7 access to your station. According to Deskmag, global numbers dont paint a flattering picture in terms of the profitability of coworking spaces. Lauren Kassan, the chief executive of The Wing, is aware that 2021 is a customers market, so her team is working hard to please returning clients at its three Manhattan spaces, which reopened in May. 11. Thankfully, coworking stats indicate 92% of coworkers are pleased with their coworking spaces, giving operators the recognition they deserve. 89% of participants reported feeling better after joining a coworking space. The study has been conducted using proprietary data from Coworker, CoworkingResources as well as external research. Seven out of ten coworking spaces are rented or leased. Today, Asia leads the gang of coworkers with the highest number of shared working spaces, while Europe, the Middle East, and Africa altogether have 6,850. What are you looking for? The remaining 48% said they were a mix of both. Around the world, there are over 18,700 coworking spaces. This suggests that larger companies are making good use of shared working spaces, too. 9 insights to pros and cons of coworking spaces. So far weve highlighted some promising coworking stats and mentioned the growth statistics and benefits of coworking. Desk prices are the highest in Switzerland. A whopping 89% of coworkers say they feel happier after joining a coworking space and as many as 83% say it makes them feel less lonely. There are many things to consider when researching locations. Coworking is already a huge and well-developed industry in 2022, but growth predictions show that it has yet to reach its full potential. 23. The number of global coworking spaces is estimated to cross over 40,000 by 2024. She was a regular at all of the Wings New York locations when the pandemic hit, forcing her to work from home in Clinton Hill, Brooklyn. 76% higher share of requests for private offices compared to individual seats. Fast forward a few years and video game designer Bernard DeKoven coins the term coworking, albeit referring to the way we work and not the space we work in. Corporations like IBM and Palantir, many of which are reducing office space, are starting to partner with WeWork and other co-working entities. New York, or more specifically Manhattan, accounts for a large chunk of the industrial coworking space in the country. 2023 MLB All-Star Game FAQs is set to rise by 13% globally and by 6% in the US. point to Luxembourg, Singapore, and Ireland as the stars in this story of the perfect workspace. Affiliate & Editorial Disclosure: To keep our website running, we partner up with some of the companies featured in our reviews. An incredible 40% of location-independent employees intend to hire one to two people, 27% will add two to five, while 10% expect to employ up to 10 people in the near future. With coworking spaces, private offices, and custom solutions, our flexible workspaces have everything you need to succeed. Over 4000 coworking and shared office spaces in 100 different countries. Even though Ms. Roberts had fond memories of the Wing, she was unsure where she would plant her laptop next, with so many new options available. Share of coworking spaces planning to expand 2012-2019, Share of coworking spaces planning to expand in that year from 2012 to 2019, Share of coworking spaces worldwide planning to expand 2019. The largest growth is expected in the Asia-Pacific region. And what makes the concept so awesome is that you can accidentally bump into a digital designer or sit next to the web developer you desperately needed to upgrade your website. Coworking trends clearly indicate that industry growth is mainly generated by novice entrepreneurs and autonomous businesses. One-time membership fees, 24-hour access, on-site receptionist, and virtual offices are also extra services that some of the big spaces provide. Lets find out below. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 39,000+ online stores and marketplaces. Directly accessible data for 170 industries from 150+ countries Not so long ago, the freelancers of the world were limited to their nearest coffee shop to meet a potential client. Santander Bank opened a work cafe in Williamsburg, Brooklyn, last fall. The coworking space business model has proven quite successful and has found target users such as SMEs and startup teams. Overview: Coworking Statistics and Trends There were 19,000 coworking spaces in 2019. GCUCs coworking infographic shows us two interesting trends: that Regus dominates the coworking space operator market, and that the top five shared office space companies in the world account for only 14% of the overall market coverage. The median age of coworkers as of 2017 is 35, up from 33.5 in 2012.
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