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Despite business shutdowns due to the pandemic, coworking is very much alive and well. The benefits include increased productivity, cost savings, the ability to build a network at lightning speed, and more.
We know why people thrive in coworking spaces, but the facts and figures from recent industry reports showcase just how powerful it can be to work in a shared office. Check out the infographic below to see just what we’re talking about and find out why solopreneurs, small businesses, and big corporations are moving into coworking spaces.
Coworking statistics infographic
How Big is the Coworking Industry?
- Coworking spaces are expected to account for 8% of total US office space and 15% of global office space by 2028 (WRAL).
- The compound annual growth rate (CAGR) of flexible workspace was previously predicted to be 1.5% between 2018 and 2028 (WRAL).
- In response to COVID-19, the projected CAGR of flexible workspace rose to 7.89% (GlobeNewswire).
Who Uses Coworking?
Type of employment:
- 37.9% of coworkers are small to medium-sized enterprises (SMEs) (Coworker).
- 27.1% of coworkers are startup teams (Coworker).
- 16.6% of coworkers are freelancers (Coworker).
- 7.7% of coworkers are entrepreneurs (Coworker).
- 5.5% of coworkers are corporate remote workers (Coworker).
Industry:
- 27% of coworkers are in software, web development, and design (ResearchGate).
- 16% of coworkers are in consulting and management (ResearchGate).
- 10% of coworkers are in writing, journalism, blogging, and language services (ResearchGate).
- 5% of coworkers are members of flexible office place staff (ResearchGate).
Coworking Industry Trends
- In North America, the average capacity of a coworking space is 100 people (Coworking Insights).
Statistic Sources:
2019 CMCAs Official Data Report
Coworking Size & Capacity Report
Coworking Spaces: A Source of Social Support for Independent Professionals
Report: Coworking space market remains strong, will continue growth
