New data from CoworkingResources has indicated that London is leading the world in shared workspace growth with 48 new spaces opening since the start of the year.
New York and London are both dominating the global coworking market and make up 22% of stock between the two cities.
Furthermore, London is also at the forefront of coworking’s biggest trends as more and more operators try out new ideas and concepts. For example, some coworking spaces are making more of an effort to include wellness amenities, while major enterprises are experimenting with including flexible workspaces in addition to their traditional offices.
By the end of the year, flexible workspaces are expected to account for 5.5% of total office stock in Central London.
“We are seeing a global trend towards coworking spaces because they provide the flexibility, networking opportunities and sense of community that entrepreneurs crave,” said Laura Citron, CEO at London & Partners. “London is at the forefront of the coworking revolution because we are home to world class talent, a thriving start-up community and a strong culture of collaboration and innovation.”