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Worldwide Coworking Space Footprint Expected To Hit 20,000 Soon

Coworking spaces have reached record levels according to experts, with the sector’s footprint on track to hit 18,287 by the end of 2019. Click To Tweet

By the end of 2018, the number of coworking spaces worldwide was 16,599, despite the rate of year-on-year growth having slowed down to 9.5% from 15.2% of 2018.

In 2019, new coworking space openings are expected to drop by around 22% as operators focus on increasing their occupancy over wholesale expansion.

Last year saw more corporate clients seeking out flexible office space, which likely has contributed to the massive boom the industry is experiencing. In fact, research predicts that by 2022, 60% of workers within flexible spaces will likely be apart of large organizations.

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“Today’s flexible workspace provides a habitat that supports staff wellness, staff welfare, helping companies become happy and productive places of work,” said Richard Smith, CEO of Office Freedom, a global flexible workspace brokerage.

Looking forward, Smith predicts that the market will experience more consolidation from large office providers.

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based out of Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

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