Axel Kapinga

18 june 2019

Coworking is here to stay

Unlike Loom Bands or Fidget spinners - ask your kids -, coworking is here to stay. I’ll go even further: coworking is growing. And we got the numbers to back it up. Let me dazzle you with some facts.

 

Quick summary:

 

  • There are about 35,000 flexible workspaces in the world today.

  • The global market value of flexible workspaces is approximately 23 billion euros.

  • These statistics prove that flexible workspace has become the workplace of choice.

There are more coworking spaces than ever.

 

In 2018 there were 14 411 coworking spaces. This year allwork.space reported a whopping 35.000 coworking spaces. This represents about 158.496.000 square meters. And it won’t stop there. 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. This growth has generated a lot of money. The global market value of flexible workspaces is estimated at an approximate 23 billion euros. 

 

You're obviously a fan

You’ve probably noticed it. You might even be one of them. More people than ever are avid coworkers. Let me dazzle you with facts:

 

  • 83% of users of coworking and other forms of flexible space claim to have benefited.

  • 84% of people who use coworking spaces are more engaged and motivated.

  • 89% of people who cowork reported being happier.

 

Companies picked up on this. 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. The demand for flexible workspace solutions from corporate clients increased by 21% in 2018.

 

From 2012 to 2018 the number of traditional leases for 500 square meters or less decreased a total of 22%. This means that flexible workspace solutions are the first option for small and medium-sized companies.

 

More operators

Coincidentally, the number of operators has risen by 138%. And that’s great news for you.  More coworking spaces and operators, mean lower prices, higher quality, and more flexibility for you. So take advantage of this diversity and bargain yourself towards the perfect coworking space.

 

Big companies are getting involved.

Surprisingly enough freelancers and entrepreneurs aren’t the sole users of coworking spaces. Up to 14% of employees at large companies use coworking spaces. They do so to offer flexibility to their employees. Flexibility and ownership are key to employee happiness.

 

As more employees will recognize the benefits of coworking, the demand will rise. 40% of flexible workspace demand is forecast to come from large and corporate companies.  

 

Those companies have noticed that some of those coworking spaces provide offices and infrastructure. They are not strictly focused on the development of new business. The best coworking spaces do provide a working environment to independent workers where people can develop social relations with other coworkers and eventually collaborate and create business opportunities. And we happen to have that kind of coworking spaces.

 

What’s next

Coworking spaces and flexible workspace have a number of benefits. Some large companies have understood that. That’s why they are adopting some kind of flexible workspace. By 2020 50% of large companies will have some form of shared office space.

 

That is undoubtedly where the near future lies. Office sharing. The benefits are manifold:

  • Companies get to monetize empty or underused spaces. 

  • Their employees get to mingle and connect with the coworkers.

  • And they get to exchange ideas and innovate with some of the disruptive coworkers.

In turn, employees who get to work in another company have the same benefits and more. they get to pick where they work. This will increase their knowledge, happiness, and performance. 

 

One of our partners, Workero happens to have a platform where companies can off their offices and any professional can rent them. Click on the banner below and discover the new way of working.

 

 

 



 

 

 


 

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