The Latest Coworking Industry Statistics Explained
As of 2019, there were approximately 35,000 flexible workspace locations in the world.
The statistic ‘As of 2019, there were approximately 35,000 flexible workspace locations in the world’ refers to the number of shared office spaces, co-working spaces, and other flexible work environments globally at that time. This data point indicates the growing trend towards more flexible working arrangements and the increasing popularity of shared workspaces among professionals and businesses. The presence of 35,000 flexible workspace locations highlights the significant shift in how people choose to work, with an emphasis on collaborative and flexible environments that cater to diverse work styles and preferences. This statistic suggests a vibrant and evolving landscape in the way people approach work and underscores the importance of adaptability and innovation in modern work environments.
In 2022, the number of coworking spaces worldwide is expected to reach over 40,000.
The statistic that in 2022, the number of coworking spaces worldwide is expected to reach over 40,000 indicates a significant growth in the popularity and prevalence of coworking spaces as an alternative workspace arrangement. This trend suggests a shift in traditional office setups towards more flexible, collaborative, and dynamic work environments. Factors contributing to this growth may include a rise in remote work arrangements, the increasing popularity of freelancing, and the desire for networking and community building among professionals. The statistic reflects a changing landscape in the way people work and highlights the continued expansion and evolution of coworking spaces as a viable option for individuals and businesses looking for flexible workspace solutions.
The global market value of flexible workspaces is estimated to be around $26 billion.
The statistic indicating that the global market value of flexible workspaces is estimated to be around $26 billion suggests that the industry is experiencing significant growth and adoption worldwide. This figure reflects the increasing trend of organizations and individuals opting for flexible work arrangements, such as coworking spaces, shared offices, and remote work options. The substantial market value also indicates the rising demand for flexible workspace solutions driven by factors such as evolving work practices, digital transformation, and the desire for more agile and collaborative work environments. As the global workforce continues to prioritize flexibility and adaptability, the flexible workspace market is poised for continued expansion and innovation to meet the evolving needs of modern professionals and businesses.
The United States has the highest number of coworking spaces worldwide, with over 80% of the global total in 2019.
The statistic indicates that the United States had the largest share of coworking spaces globally in 2019, accounting for more than 80% of the total. This suggests a high level of popularity and adoption of coworking spaces in the United States compared to other countries. The prominence of coworking spaces in the U.S. signifies a shifting trend in workspace preferences towards more flexible and collaborative environments, catering to a diverse range of professionals and businesses seeking cost-effective and dynamic workspaces. This statistic underscores the significant presence and impact of coworking spaces in the United States relative to the global market.
As of Q2 2021, coworking spaces occupy 71.65 million square feet of office space in the US.
This statistic indicates that as of the second quarter of 2021, coworking spaces collectively occupy a total of 71.65 million square feet of office space throughout the United States. Coworking spaces are shared workspaces where individuals from different companies or industries work alongside each other, often providing flexible and innovative office solutions. The significant square footage occupied by these coworking spaces underscores their growing popularity and impact on the commercial real estate market. This data suggests a shift in the way people work, with a trend towards more collaborative and flexible work environments as opposed to traditional office setups.
The average monthly cost for a dedicated desk in a coworking space in the US is $387.
The statistic indicates that on average, the monthly cost for a dedicated desk in a coworking space across the United States is $387. This average value is derived from collecting and analyzing data from various coworking spaces throughout the country. The cost of a dedicated desk in a coworking space can vary depending on location, amenities offered, and other factors. This statistic provides a useful benchmark for individuals or businesses considering renting a dedicated desk in a coworking space and helps in understanding the typical pricing in the market.
As of 2021, WeWork is the largest provider of coworking spaces worldwide.
As of 2021, the statistic that WeWork is the largest provider of coworking spaces worldwide implies that WeWork possesses the most extensive global network of shared office spaces available for rent on a flexible basis. This statistic suggests that WeWork has surpassed all other coworking space providers in terms of the number of locations, memberships, and overall influence in the coworking industry. The data reflects WeWork’s success and growth in establishing itself as a prominent player in the market and a preferred choice for individuals and companies seeking collaborative and flexible working environments.
As of 2021, the Asia-Pacific region has 11,592 coworking spaces, the highest in the world.
The statistic indicates that as of 2021, the Asia-Pacific region has the largest number of coworking spaces globally, with a total of 11,592 establishments. This suggests a growing trend in flexible and shared working environments across the region, catering to the needs of diverse professionals and businesses looking for collaborative workspaces. The presence of a significant number of coworking spaces in the Asia-Pacific region reflects the region’s dynamic and evolving business landscape, driven by factors such as digitalization, entrepreneurship, and changing work preferences. The statistic highlights the popularity and success of coworking spaces as a modern alternative to traditional office setups, providing flexibility, cost-effectiveness, and networking opportunities for a wide range of individuals and organizations in the region.
The global coworking spaces market is expected to reach $11.52 billion in 2023.
The statistic indicates that the global market for coworking spaces is projected to grow significantly and reach a value of $11.52 billion by the year 2023. This robust growth forecast suggests a rising trend in the adoption of coworking spaces by businesses and professionals worldwide. The increasing popularity of coworking spaces can be attributed to benefits such as cost-effectiveness, flexibility, and enhanced collaboration opportunities. The expansion of this market reflects a shift in workplace dynamics and a growing preference for flexible, community-driven work environments among a diverse range of industries and individuals.
77% of coworking space users are satisfied with their workspace.
The statistic ‘77% of coworking space users are satisfied with their workspace’ indicates that a significant majority of individuals utilizing coworking spaces are content with the environment and amenities provided by these shared workspaces. This high satisfaction rate suggests that coworking spaces are meeting the needs and expectations of their users, fostering a positive and conducive work atmosphere. The statistic also implies that coworking spaces are fulfilling a valuable role in the modern work landscape by offering a flexible and collaborative alternative to traditional office setups, ultimately contributing to the overall productivity and well-being of individuals who choose to work in these shared environments.
40% of the workspace will be flexible by 2030.
The statistic “40% of the workspace will be flexible by 2030” means that by the year 2030, approximately 40% of workspaces worldwide are expected to adopt flexible working arrangements. This could include remote work, hot desking, co-working spaces, flexible hours, and other alternative work setups that provide employees with more autonomy and options for where and when they work. The increasing adoption of flexible work arrangements is likely driven by advancements in technology, changing attitudes towards work-life balance, and the need for businesses to adapt to evolving employee preferences and market demands.
Freelancers represent 41% of all coworking space members.
The statistic that freelancers represent 41% of all coworking space members means that a significant portion of individuals utilizing coworking spaces are self-employed and working independently rather than being employed by a company. This finding highlights the growing trend of freelancing as a popular work arrangement, where individuals have the flexibility to work remotely and choose their own projects. It also underscores the importance of coworking spaces as a preferred work environment for freelancers, providing them with a collaborative and community-driven setting to work alongside other like-minded professionals. This statistic suggests that coworking spaces cater to the needs of freelancers and play a vital role in accommodating the changing landscape of the modern workforce.
Small to medium-sized enterprises (SMEs) take up 39% of coworking memberships.
The statistic “Small to medium-sized enterprises (SMEs) take up 39% of coworking memberships” indicates that a significant portion of coworking spaces are being utilized by businesses in the SME category. This suggests that SMEs are increasingly recognizing the benefits of utilizing coworking spaces as a cost-effective and flexible alternative to traditional office spaces. By opting for coworking memberships, SMEs can access shared workspaces, amenities, and networking opportunities that can support their growth and productivity. The statistic highlights the important role that coworking spaces play in facilitating the operations and growth of SMEs in various industries.
50% of all coworkers access their work space around the clock.
The statistic “50% of all coworkers access their work space around the clock” suggests that half of all coworkers have constant access to their work space throughout the day and night. This could indicate a trend in modern work environments where individuals have flexible hours or remote access to their work space. It also implies that a significant portion of coworkers may be working outside of traditional 9-5 hours, whether due to job requirements, personal preferences, or global work collaborations. This statistic highlights the evolving nature of work schedules and behaviors in contemporary workplaces.
References
0. – https://www.www.officefinder.com
1. – https://www.www.coworkingresources.org
2. – https://www.www.statista.com
3. – https://www.www.deskmag.com
4. – https://www.www.jll.com
5. – https://www.www.wework.com
