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28 Exciting Coworking Statistics [2020 Update]

By Blog

From established venture owners to digital nomads, freelancers, and entrepreneurs, coworking spaces have transformed the way people work. Commonly known as flexible workspaces, it is an arrangement in which several workers share the same space, allowing convenience and cost savings. 

Currently, it is a full-blown industry that has disrupted the way people work and the real estate industry.  We’ve compiled coworking statistics that will really help you understand the state of this space.

Take a look:

Fascinating Coworking Stats and Facts (Editor’s Choice)

  • The market value of flexible workspaces is estimated at $26 billion globally.
  • On average, coworkers interact with 1 to 4 members per day.
  • 55% of coworkers feel that they are a part of the community, while 31% feel the same way.
  • 14% of employees at large enterprises use coworking spaces.
  • The demand for flexible workspace solutions increased by 21% in 2018.
  • The number of coworking workspaces is forecast to cross 20,000, and reach 25,698 by 2022.
  • 40% of coworking space demand is forecast to come from large corporate companies.
  • By 2022, China is forecast to become one of the largest markets for coworking spaces.

General Coworking Industry Statistics

1. Asia-Pacific is the world’s largest coworking region.

(Source: GCUC)

There are more than 11,000 coworking spaces in the Asia-Pacific region, followed by over 6,800 in Europe, Africa, and the Middle East.

2. Regus is the world’s largest coworking space operator, with 11% of the global market share.

(Source: GCUC)

Regus was one of the first and leading companies to offer shared office space options. It currently works with more than 3,000 coworking spaces worldwide. Although Regus operates more like a platform rather than coworking space, still, it is one of the biggest competitors in the industry.

3. Washington, DC was one of the most expensive cities for a coworking space monthly membership.

(Source: YardiKube)

In a study of major markets, Washington, DC gave the monthly membership at an average of $843/month. On the other hand, Houston recorded the lowest price at $220/month.

4. There are around 185 members per coworking space in 2019.

(Source: NAIOP)

As of coworking stats 2019, global coworking locations have an average of 185 members per site, which is up from 159 in 2018. And at the same time, the size of these spaces has gone down from approx 15,000 sq ft to 11, 450 sq ft in 2019.

US Coworking Statistics

5. The US has more than 80 million square feet of flexible workspaces.

(Source: Coworking Resources) 

With 80 million square feet of flexible workspace, New York accounts for the largest concentration with more than 330 centers. Not only New York, Chicago, San Francisco, and Los Angeles have also seen 15% growth every year, with 566 workspaces between them. 

However, Manhattan only accounts for 2.5% of the office occupancy. This status suggests that the market is far from saturation, and still, there is a lot of potential in this sector. 

6. There will be approximately 696 new coworking spaces in the United States.

(Source: Coworking Resources) 

In 2019, around 1,688 coworking spaces are opened worldwide. However, when it comes to the US, the coworking space market size is expected to reach 696 openings.

7. Colorado and Florida are two major players with new coworking spaces in the United States.

(Source: Coworking Resources) 

Colorado and Florida are coming with 44 and 39 new coworking spaces every year.

8. The US ranks eighth worldwide in coworking growth per capita.

When it comes to the coworking growth per capita, Australia is on the 6th position; Canada is on 7th, and the U.S. ranks on number 8 worldwide. Since the first five countries on the list are smaller, coworking spaces have a high density in those regions.

Coworking Global Statistics

9. Luxembourg tops the list in terms of growth per capita.

(Source: Coworking Resources) 

Luxembourg has a coworking growth of 8.5 spaces per capita. The population is less in this European country, but since the laws are favorable for companies, businesses are allowed to grow. The excellent tax environment and government practices encourage people to work on their ventures; hence, coworking spaces came up to meet the demand.

10. The number of coworking workspaces worldwide is forecast to cross 20,000, and reach 25,698 by 2022.

(Source: Coworking Resources) 

This forecast means that there will be an increase of 42% in the number of coworking spaces from 2019. And there has been an average increase of over 2,500 spaces every year since 2015.

11. Brand new businesses take 65.3% of the coworking spaces, while chains make up for the leftover 34.7%.

(Source: Coworking Resources) 

So while the brand new businesses are growing, the maximum growth of industry comes from startups, independent business owners, and small business operators.

12. By the end of 2019, 2.2 million people expected to be working in 22,000 coworking spaces worldwide.

(Source: deskmag) 

As the number of coworking spaces is growing, the average number of workers increased significantly to 90 people per location. In 2018, two-thirds of spaces reported an increase in members, and a third of them increases their sizes as well.

13. North America has the largest coworking spaces in the world.

(Source: Nairobi Garage) 

It has coworking spaces with an average size of 9,799 sq ft. Some rental statistics to keep in mind when renting spaces.

coworking statistics - office

Coworking Growth Statistics

14. The number of coworking spaces will grow at a rate of 6% in the US and 13% elsewhere by 2022.

(Source: Communion Cowork)

This growth is expected because the total coworking space leased and share of total space rose by half in just 18 months, from the end of 2016 to mid-2018.

15. The average coworking office space requirement is continuing to increase year after year.

(Source: Communion Cowork)

Currently, the requirement is increasing as the average client is taking up 7 desks. And 72% of the operators say that they are expecting the industry to get stronger in the future as well.

16. Coworking in Asia-Pacific has the largest share of office at 2.1%.

(Source: Allwork)

As compared to Europe and North America, Asia-Pacific has the highest share. The flexible workspace operators occupy 5 % and 15% share of the Grade A office in the office areas of Singapore and Bangalore.

17. Flexible working spaces will comprise a third of the market by 2030.

(Source: JLL)

The flexible working space market is growing as they allow the workers and managers to select the ideal location and space for their work. In 2010, it grew at an annual rate of 23%. 

However, in 2018, the coworking spaces comprised more than two-thirds of Chicago’s office market.

18. All the EMEA cities have seen an increase of 15% in the supply growth.

(Source: Instant Offices) 

The EMEA cities, including Lille, Frankfurt, and Manchester has seen the supply grow in response to the ever-increasing demand. And in the U.S. states such as Lille, Kansas, and Frankfurt, the growth rates were reported by over 20%.

Coworking Spaces User Demographics Statistics

19. The fastest-growing coworking age segment is comprised of people with the age of 50 or over.

(Source: DeskMag)

According to DeskMag’s 2018 annual survey, 50+ is the fastest-growing age segment in shared working spaces, followed by 40-49-year-olds. The proportion of under 40-year olds is continuing to drop, declined from 73% in 2015 to 55% in 2018. 

In this same period, the number of people over the age of 40 have grown from 27% to 40% of the total membership ratio.

20. From 2017, the current average age of a coworking space member is just a bit over 36.

(Source: DeskMag)

Before 2017, the average age was just a little over 35.

21. The oldest members in a coworking space are employers with age 40, followed by freelancers with age 38.

(Source: DeskMag)

When it comes to the oldest members, the average age for this group is 33 years. As the number of employees is higher in big cities, they come up with the average age. And in the cities with a million people, the age is 34.5 years.

22. The high-education levels remain a common characteristic feature among various members of the coworking space.

(Source: DeskMag)

85% of them have finished their academic studies, 41% hold a bachelor’s degree, and another 41% have their masters. The leftover 4% of members have already received their doctorates.

23. 44% of women work in coworking spaces.

(Source: DeskMag)

The increasing number of employees in a coworking space has been one of the major factors for its development. Before, women used to hold a small majority, but their share increased among the freelancer group.

coworking statistics - work

Coworking Price Statistics

24. In Singapore, expect to pay around $500 per month for unlimited access to space. For a dedicated desk, it is usually $600.

(Source: Asia One)

25. The average price for a dedicated desk in the flexible coworking space is $387 per month in the US. 

(Source: Deskmag)

26. The cost of a flexible desk is €189 in Europe and £168 per month in the United Kingdom. 

(Source: Deskmag)

27. For a flexible desk with 24/7 access, the worker has to pay $209 in the US, €232 in Europe, and £146 per month in the United Kingdom. 

(Source: Deskmag)

28. In Canada, a permanent desk with 24/7 access is priced at CAN$320 approx.

(Source: Deskmag)

Top Coworking Companies

Some of the top and biggest coworking companies include Knotel, WeWork, ImpactHub, Make Office, Spaces, GreenDesk, Regus, NextSpace, The Yard, Grind, Venture X, Industrious, District Cowork, Techspace, Serendipity Labs, and a lot more.

Coworking Trends 2020

There is no denying that the coworking industry is growing at a very fast pace across the world. Now while it is all set to span new geographies in 2020, here are top coworking trends that one should know about:

  • The coworking spaces will become more automated than before.
  • Large businesses will move to coworking spaces for expanding their operations.
  • Coworking might take over the traditional workspaces.
  • Coworking space owners are looking for ways to incorporate eco-friendliness in the surroundings.

Wrap Up

With an increasing number of high-end yet functional coworking space tools, technologies, and software, the potential of these spaces is growing every day. It has come a long way since 2005, and the operators are still working to provide you with the best of services.

The above-mentioned coworking statistics tell you a lot about coworking culture, in terms of demographics, revenue, market growth, and pricing. While these trends and statistics will change due to region, time, and other factors, one thing that will remain constant is, coworking spaces are here to stay.

The industry will grow, and business owners will move towards these spaces for expanding their work.

FAQ

How many people use coworking spaces?

According to coworking statistics 2019, There are more than 3 million people using coworking spaces across the world.

How big is the coworking industry?

In 2018, there were approximately 2,188 spaces opened worldwide. Out of which, 1,000 were opened in the United States.

How do you grow a coworking space?

To grow a coworking space, make use of proper working zones around you. Use all your productivity schedules, set daily and monthly goals, generate demand for your space, and manage all your marketing campaigns properly.

What are the benefits of coworking?

Some of the benefits of coworking office spaces include increased productivity, networking, improved well-being, flexibility, morale, and happiness, as the latest coworking statistics point out.

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