Diversity, Equity and Inclusion

70+ Coworking Statistics & Trends Every Employee Should Know in 2024

Delve into the latest coworking statistics highlighting its benefits in creating a positive work environment and increasing employee productivity.
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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) 
  • About 55% of people still work at their first coworking space. (Statista, 2022) 

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) 
  • In 2021, the number of IWG workspaces dropped to 211,031 in the US, 102,150 in the UK, 180,653 in EMEA, and 79,828 in Asia. (Statista, 2022) 
  • IWG made revenue of 2.23 billion British pounds in 2021, which is less than the 2.43 billion pounds they made in 2020. (Statista, 2022) 
  • The global coworking space market size was valued at $14 billion in 2022. According to forecasts, it should reach $37 billion by 2028. (Industry Research, 2023)

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. (Coworking Resources, 2020) 
  • In the U.S., the average number of people per coworking office is 105 people. In the world, the average number is 83. (Coworking Resources, 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) 
  • The coworking spaces in North America have a capacity of 115 workstations in each space. (Coworking Insights, 2022) 
  • In 2022, China still had the most workstations per coworking space at 247 stations. (Coworking Insights, 2022) 
  • China’s spaces are the largest in size, with an average of 23,260 square feet which is 221% larger than the global average square footage of 7,244. (Coworking Insights, 2022)
  • In the US, Salt Lake City in Utah has the largest flexible office spaces with an average square footage of 18,861. (Coworking Insights, 2022) 
  • The average size of the coworking spaces in UK, US, Canada, Central America, the Middle East, and Africa, decreased by 4 to 9% between 2019 and 2022. (Coworking Insights, 2022) 
  • As of March 2022, Europe has around 4,200 flexible workspaces. In Asia, the number of spaces is 4,100. (Statista, 2022) 
  • Globally, coworking spaces have an average of 190 members. (Statista, 2022) 
  • London has the highest number of coworking centers at 1,400, whereas New York has 550 centers. (Statista, 2022) 
  • The demand for flexible office supply in US and Canada dropped in Q1 in 2022 compared to Q1 in 2020. (CBRE, 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) 
  • 59% of companies expect their office portfolio to have a sizeable amount of flexible office space in the future. (CBRE, 2022) 

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. 
Written by shortlister editorial team

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