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Global Coworking Space Market Projected To Reach $40.4 Billion By 2028

The global coworking space market is expanding at a compound annual growth rate of 15.8%

Emma AscottbyEmma Ascott
December 2, 2024
in News
Reading Time: 1 min read
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Global Coworking Space Market Projected To Reach $40.4 Billion By 2028

The expansion of coworking spaces has been driven by the move toward collaborative work environments, the rise of entrepreneurship, urbanization, and changing work cultures post-recession.

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The global coworking space market is experiencing substantial growth —- with a projected value of $40.4 billion by 2028, growing at a compound annual growth rate of 15.8%, according to The Business Research Company’s latest report. 

The expansion of coworking spaces in recent years has been driven by the move toward collaborative work environments, the rise of entrepreneurship, urbanization, and changing work cultures post-recession.

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This growth is attributed to trends such as the rise of hybrid work models, global expansion, increased workforce mobility, and corporate use of coworking spaces. 

Additionally, the market is seeing a shift towards more flexible membership and pricing models, specialized spaces for different industries, and a focus on wellness and community.

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The report also spotlighted the growing demand for agile design and flexible workspaces, indicating strong future opportunities in the coworking industry.

 

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Source: The Business Research Company
Tags: BusinessCoworkingInvestmentNorth AmericaSpace-as-a-Service
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Emma Ascott

Emma Ascott

Emma Ascott is a contributing writer for Allwork.Space based in Phoenix, Arizona. She graduated from Walter Cronkite at Arizona State University with a bachelor’s degree in journalism and mass communication in 2021. Emma has written about a multitude of topics, such as the future of work, politics, social justice, money, tech, government meetings, breaking news and healthcare.

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