According to the Coworking Space Global Market Report 2021: COVID-19 and Change to 2030, the global coworking space market is anticipated to grow from $7.97 billion last year to $8.41 billion this year.
Even more, by 2025, the market is expected to reach $13.03 billion at a compound annual growth rate (CAGR) of 12%.
The report covers the coworking spaces market that are seeing the strongest growth and which markets will be playing a role in shaping the workforce over the next ten years.
The ongoing growth is largely due to companies adjusting their operations in a post-pandemic world, which has accelerated the need for remote working and hybrid policies.
In March 2020, many workers were forced to work from home, leaving coworking operators seeing a huge dip in usage. However, the return to the office has led to a spike in demand for alternative work solutions, which is where coworking spaces come in.
Additionally, the increasing desire for more sustainable work amenities has made coworking spaces an ideal choice. Many of these workplaces often incorporate eco-friendly aspects, using greenery, natural lighting, non-toxic paints and more to create a more sustainable workspace.