{"id":2267,"date":"2020-01-27T22:37:36","date_gmt":"2020-01-27T22:37:36","guid":{"rendered":"https:\/\/movity.com\/?p=2267"},"modified":"2024-02-18T11:59:36","modified_gmt":"2024-02-18T11:59:36","slug":"coworking-statistics","status":"publish","type":"post","link":"https:\/\/movity.com\/blog\/coworking-statistics\/","title":{"rendered":"28 Exciting Coworking Statistics [2024 Update]"},"content":{"rendered":"
[vc_row][vc_column][vc_column_text]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.\u00a0<\/span><\/p>\n Currently, it is a full-blown industry that has disrupted the way people work and the real estate industry.\u00a0 We\u2019ve compiled<\/span> coworking statistics<\/span> that will really help you understand the state of this space.<\/span><\/p>\n Take a look:<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Fascinating Coworking Stats and Facts (Editor\u2019s Choice)” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][vc_column_text]<\/p>\n [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”General Coworking Industry Statistics” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes”][vc_column_text]<\/p>\n (Source: GCUC)<\/span><\/p>\n 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.<\/span><\/p>\n (Source: GCUC)<\/span><\/p>\n 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.<\/span><\/p>\n (Source: YardiKube)<\/span><\/p>\n 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.<\/span><\/p>\n (Source: NAIOP)<\/span><\/p>\n As of <\/span>coworking stats 2019<\/span>, 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.<\/span>[\/vc_column_text][vc_single_image image=”2270″ img_size=”large” alignment=”center”][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”US Coworking Statistics” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes”][vc_column_text]<\/p>\n (Source: Coworking Resources)\u00a0<\/span><\/p>\n 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.\u00a0<\/span><\/p>\n 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.\u00a0<\/span><\/p>\n (Source: Coworking Resources)\u00a0<\/span><\/p>\n 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.<\/span><\/p>\n (Source: Coworking Resources)\u00a0<\/span><\/p>\n Colorado and Florida are coming with 44 and 39 new coworking spaces every year.<\/span><\/p>\n 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.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Coworking Global Statistics” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes”][vc_column_text]<\/p>\n (Source: Coworking Resources)\u00a0<\/span><\/p>\n 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.<\/span><\/p>\n (Source: Coworking Resources)\u00a0<\/span><\/p>\n 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.<\/span><\/p>\n\n
1. Asia-Pacific is the world\u2019s largest coworking region.<\/span><\/h4>\n
2. Regus is the world\u2019s largest coworking space operator, with 11% of the global market share.<\/span><\/h4>\n
3. Washington, DC was one of the most expensive cities for a coworking space monthly membership.<\/span><\/h4>\n
4. There are around 185 members per coworking space in 2019.<\/span><\/h4>\n
5. The US has more than 80 million square feet of flexible workspaces.<\/span><\/h4>\n
6. There will be approximately 696 new coworking spaces in the United States.<\/span><\/h4>\n
7. Colorado and Florida are two major players with new coworking spaces in the United States.<\/span><\/h4>\n
8. The US ranks eighth worldwide in coworking growth per capita.<\/span><\/h4>\n
9. Luxembourg tops the list in terms of growth per capita.<\/span><\/h4>\n
10. The number of coworking workspaces worldwide is forecast to cross 20,000, and reach 25,698 by 2022.<\/span><\/h4>\n
11. Brand new businesses take 65.3% of the coworking spaces, while chains make up for the leftover 34.7%.<\/span><\/h4>\n