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Asia Pac Set to Dominate Global Coworking Industry by 2022

The coworking and flexible office industry has evolved quickly over the past 25 years.

From its ‘business center’ roots in the 1980s, to the introduction of coworking in the mid 2000s, to today’s global spread of mixed-use hybrid workspaces, the market has changed and grown rapidly in a relatively short space of time.

Research suggests the number of coworking spaces worldwide will increase by 42% by 2022, with much of this growth is happening in the Asia Pacific region. Click To Tweet

In fact, the Global Coworking Unconference Conference (GCUC) and Office Freedom, a UK-based flexible workspace brokerage, are anticipating coworking spaces in the Asia Pacific region to account for 38% of global coworking spaces, and overtake EMEA and the Americas, by 2021.

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Office Freedom CEO Richard Smith said, “The market continues to evolve and thrive. By 2030 up to 30% of office space occupied by the corporate sector is expected to be flexible workspace.

“At the moment well under 10% of the office real estate market is flex. As in any industry, in a cyclical world, there will inevitably be bumps in the road but relatively speaking it’s still very early days for the industry.”

ABOUT Jo Meunier (née Disney)
Jo Meunier (née Disney)

Jo is AllWork's Senior Editor for the UK and Europe. Jo has worked within business centre and coworking circles since 2009, researching and contributing written features for numerous industry publications. She reports on the latest market news and delves into local issues with one main objective: to champion the flexible workspace industry and its members. Get in touch with Jo here or via [email protected]. View all posts by Jo Meunier (née Disney)

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