Between 2014 and end of 2018, the number of flexible workspace locations expanded by +205% while the number of operators expanded by +138%. The global market value of flexible workspaces is estimated at an approximate $26 billion.
Numbers that back up the growth and potential of coworking (updated, May 2019)
There are approximately over 35,000 flexible workspaces in the entire world, which represents 521 million square feet of flexible space.
The global market value of flexible workspaces is estimated at an approximate $26 billion.
Up until 2022, the number of coworking spaces is expected to grow at an annual rate of 6% in the U.S. and 13% elsewhere.
The amount of coworking space leased and its share of total office space rose by almost half in only 18 months, from the end of 2016 through mid-2018.
In 2018, the number of coworking spaces rose 16% in the U.S. and 36% outside the U.S.
Between 2014 and end of 2018, the number of flexible workspace locations expanded by +205% while the number of operators expanded by +138%.
40% of flexible workspace demand is forecast to come from large and corporate companies.
14% of employees at large companies use coworking spaces.
The average coworking space requirement continues to increase year after year, with the average client taking 7 desks.
72% of coworking operators say they expect to see further industry consolidation, with 58% believing consolidation is a great opportunity.
In 2018, flexible workspaces accounted for more than two-thirds of the U.S.office market occupancy gains.
By 2030, the flexible workspace market is expected to represent 30% of U.S. office stock.
Coworking spaces accounted for almost 10% of space leased in Manhattan in the first half of 2018.
Demand of flexible workspace solutions from corporate clients increased by 21% in 2018.
Europe is forecast to see 255 million square feet of flexible space in 2019, which represents a 12% increase.
Flexible workspaces are expected to make up 7% of the London Commercial Real Estate market in 2019.
In 2018, active flexible workspace locations totaled 11.5 million square feet in London, with a further 3.0 million square feet expected to be launched between now and 2020.
Coworking in Asia-Pacific has the highest share of the overall office stock at 2.1%, comparatively in Europe and North America the share is around 1.0%.
15% and 5% Proportion of Grade A office space occupied by flexible workspace operators in prime office areas of Bangalore and Singapore.
In 2018, flexible workspaces accounted for 16% of prime grade net absorption in Shanghai, 10% on Hong Kong Island, 8% in the five central wards of Tokyo, and 45% in Singapore.
the statistics were compiled from a number of reports:
Colliers International — U.S. Flexible Workspace Outlook Report, The Flexible Workspace Outlook Report 2019 EMEA, Occupier Profiles
Gensler — U.S. Workplace Survey 2019
JLL — Flexible Workspace Markets 2019
Instant Offices — Flexible Workspace Trends and Predictions, GCUC presentation
Cushman & Wakefield — European Coworking Hotspot Index