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60+ Coworking Statistics & Trends Every Employee Should Know in 2022

 

Even though it may sound unbelievable, the first notion of coworking can be traced back to 1995. A hackerspace called C-Base in Berlin is regarded as the predecessor of coworking spaces.  

It aimed to provide computer enthusiasts with a collaborative working environment 

Four years later, “coworking” was coined to describe an innovative working method that increased collaboration and removed professional hierarchy. Many people agreed with this creative way of working, and by the 2000s, the first coworking spaces opened. The rapid coworking growth was inevitable.  

Today, many professionals, especially those that work as a part of a remote team, opt to work in coworking hubs.  

Coworking is more than a trend now, and here are some coworking statistics that will show how popular this working method truly is. 

General Coworking Statistics

  • More than two million people are working in coworking spaces globally. (Coworking Resources, 2020) 
  • In line with the coworking statistics, it is predicted that the number of people in coworking spaces will reach five million by 2024. (Coworking Resources, 2020) 
  • In the U.S., more than one million people use coworking facilities. (Statista, 2022) 
  • The average age of people sharing a coworking office is between 30 and 39. For men, the average age is 35, whereas for women is 30. (Propques, 2021) 
  • Women are more and more present in the coworking industry, reaching 40% in 2020. (Desk Mag, 2020) 
  • 62% of Millennials are part of a coworking hub. (Gensler, 2019) 
  • Freelancers make up most of the people in coworking areas with 42%. (Desk Mag, 2020) 
  • The coworking demographic in terms of occupation shows that the biggest number of people who use coworking is in the I.T. sector, followed by P.R. and marketing, consulting, and design. (Desk Mag, 2020) 
  • 20% of people working at corporate firms use coworking hubs at least once per week. (Gensler, 2020) 

Coworking Industry Statistics

  • The value of the global coworking space market is estimated at $6.88 billion. (Statista, 2021) 
  • According to the coworking industry statistics, this value is expected to grow up to $24.1 billion in 2030, which can be seen as a CAGR of almost 15% between 2021 and 2030. (Statista, 2021) 
  • The ten largest coworking companies comprise 36% of the total market. (Forbes, 2020) 
  • The most significant player in the coworking industry is the Internation Workplace Group (IWG), formerly known as Regus, which operates 3000+ spaces across 1000+ cities in 110+ countries. (Coworking Resources, 2021) 
  • The IWG has over 234,000 workspaces in the U.S., followed by 113,000 in the U.K, and 100,000 in Asia-Pacific. (Statista, 2020) 
  • The second biggest player in the industry is WeWork, with 800 coworking locations in 119 cities worldwide. (Coworking Resources, 2021) 
  • 65% of WeWork’s customers are large companies. (The Wall Street Journal, 2020) 
  • Globally, 30% of the coworking companies made a profit, 41% were in a loss, and 29% had no gain nor loss. (Desk Mag, 2022) 
  • Over the past decade, supply in Latin America has increased by 230%, compared to 196% in the U.S. (The Instant Group, 2020) 
  • There is 41% more demand per location from Q1 to Q2 in 2021. (Upsuite, 2021) 

Coworking Space Statistics

  • Worldwide, the total number of coworking spaces is predicted to double from 20,000 to 41,975 by 2024. (Coworking Resources, 2020) 
  • The Asia-Pacific region has the largest number of coworking locations (5,889), followed by Europe (5,858) and then North America (4,698). (Coworking Resources, 2020) 
  • When it comes to countries, the U.S. ranks first with the most coworking locations in the world (3,762), followed by India (2,197) and the United Kingdom (1,044). (Coworking Resources, 2020) 
  • Globally, Asia has the largest capacity of coworking hubs with 114 people per space, whereas South America has the lowest with 54 people per space. (Zippia, 2020) 
  • In the U.S., the average number of people per coworking office is 105 people. In the world, the average number is 83. (Zippia, 2020) 
  • China has the highest capacity per space, with a tremendous number of 282 people per space. (Coworking Resources, 2020) 
  • The biggest spaces in the world are in North America, with an average size of 9,799 square feet per space. (Coworking Resources, 2020)
  • The average price for booking a coworking workspace per hour in the U.S. varies between $55 to $75. (Nexudus, 2022) 
  • The most expensive city in the coworking market is Palo Alto in California, with a monthly average price of $511 per hot desk. (Coworking Resources, 2020) 
  • Coworking space statistics show that larger spaces achieve higher revenue from user bookings with a dedicated office plan (50%). (Nexudus, 2022) 
  • A coworking office with a capacity of 10-19 users has the worst ratio of time booked versus time available. (Nexudus, 2022) 

Coworking & COVID-19 Statistics

  • Since the pandemic’s beginning, 71.67% of places indicated a significant decrease in people working from their coworking area. (Coworking Insights, 2020) 
  • 40.8% of places indicated a negative impact on the renewal of memberships and contracts. (Coworking Insights, 2020) 
  • 67% of sites have seen a decrease in new membership applications. (Coworking Insights, 2020) 
  • Coworking places reported membership cancellations of 36.47%. (Coworking Insights, 2020) 
  • During the pandemic, daily users dropped from 60% in January to 40% in November 2020. (Desk Mag, 2021) 
  • Concerning supply, coworking facilities lost about 20% of their rentable desks, especially in the big cities. (Desk Mag, 2021) 
  • 21.76% of spaces had to close down due to the pandemic. (Coworking Insights, 2020) 

Coworking Benefits Statistics

  • Coworking statistics show that 96.9% of people say that they were more or equally satisfied with their job when working from a coworking area. (Clutch, 2020) 
  • 94% of the spaces include additional coworking resources and amenities other than a coworking workspace, such as networking events, coffee, snacks, gym, etc. (Clutch, 2020) 
  • 83% of members say that they feel less alone after becoming a part of a coworking facility. (Zippia, 2020) 
  • 57% of people say that one of the best coworking benefits is that their coworking workstation is a convenient location for them. (Clutch, 2020) 
  • 79.7% of people report being equally or more physically active since joining a coworking workplace. (Clutch, 2020) 
  • 85.9% of people say that coworking helps them separate their personal life from work. (Clutch, 2020) 
  • 53% of employees say that the flexibility that comes with coworking is a crucial benefit to them. (Clutch, 2020) 
  • 51% of members report that a coworking hub gives them a sense of community participation. (Clutch, 2020) 
  • 72% of people found that working remotely positively affected their physical and mental health. (Coworking Insights, 2020) 
  • Small businesses with less than 12 employees can save up to $2,700 when using coworking areas. (Work Social, 2020) 

Coworking Productivity Statistics

  • 84% of coworkers say they are more motivated when working in a coworking space. (Ergonomic Trends, 2021) 
  • 82% of members report expanding their social network in a coworking hub. (Ergonomic Trends, 2021) 
  • About 68% of people state they can focus much better when working in a coworking workplace. (Smart Works Office, 2021) 
  • 69% of members report having learned a new skill while coworking. (Zippia, 2020) 
  • 64% of people who share an office with a coworker became better at completing their tasks on time. (Team Stage, 2021) 

Coworking Challenges Statistics

  • Attracting new members is a limiting factor for 44% of coworking facilities. (Desk Mag, 2021) 
  • Financial restraint is a great challenge for 37% of coworking facilities. (Statista, 2019) 
  • 26% of spaces indicate that they cannot provide enough coworking workspace as employees require. (Desk Mag, 2021) 
  • The workload and the administrative tasks are challenging for 29%. (Statista, 2019) 
  • Almost half of the people working in a coworking zone say that noise and distractions pose the biggest challenge. (Clutch, 2020) 
  • Lack of privacy is considered a top challenge for 48% of people. (Clutch, 2020) 
  • 39% of coworkers say that the lack of space can be frustrating when working at a coworking hub. (Clutch, 2020) 
  • Insufficient and inadequate equipment is a problem for 39% of people. (Clutch, 2020 
  • 31% of people say they want the opportunity to personalize their workspace, which they lack when working in a coworking zone. (Clutch, 2020) 
  • Safety and security concerns are other issues that 23% of coworkers see as challenging. (Clutch, 2020) 

Coworking Trends Statistics

  • In relation to coworking trends, the number of coworking spaces is expected to increase by 69%. (Desk Mag, 2021) 
  • Coworking companies expect 82% of people to want to work near home. (Desk Mag, 2021) 
  • There will be 67% more digital nomads than before the pandemic. (Desk Mag, 2021) 
  • The number of business trips will decrease by 60% in post-covid times. (Desk Mag, 2021) 
  • Workations will increase by 47% compared to pre-covid times. (Desk Mag, 2021) 
  • Commercial real estate prices will drop by 36%. (Desk Mag, 2021) 

Conclusion

The coworking statistics above show that coworking is a great way to make a positive work environment and increase employee productivity. Regarding the benefits and the coworking stats, companies should focus on creating coworking spaces for their employees. Since Millennials, who comprise one-third of the workforce, avoid working 9 to 5 jobs and require flexibility at work, coworking is becoming the future of work. 

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— This post is written by <br> the Shortlister Team

— This post is written by
the Shortlister Team

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