Despite a challenging economic environment, New Zealand’s coworking and flexible workspace market has demonstrated notable resilience, continuing throughout last year, according to Shared Space’s new coworking report.
The number of coworking spaces increased by 6% across the country, showing the ongoing demand for flexible work environments even during economic downturns. Over the past five years, the industry has experienced a 17.6% year-over-year growth, reinforcing coworking as a strong alternative to traditional office leases.
The sector’s growth remains steady, despite a general decline in business confidence. New Zealand is home to 205 coworking spaces, with an average space size of 930m².
Pricing Trends and Demand for Flexible Workspaces
50% of operators have raised their rates by an average of 5.2% over the past 12 months. The average monthly price for a permanent desk is $640, while private offices average $882 per person. For those opting for hotdesking, the average monthly membership is $340, and the casual daily price for a hotdesk is around $640.
Expansion Plans and Confidence in the Sector
Despite some challenges, 40% of coworking providers are planning to expand within the next two years. Although this represents a decline from 56% last year, it still demonstrates strong confidence in the sector. Additionally, 10% of operators are focused on long-term growth, signaling optimism about the future.
Hotdesking and Hybrid Work Models on the Rise
Hotdesking and hybrid work models have continued to gain traction, with an 18% increase in hotdesk memberships in 2024. The average resident usage rate has increased to 3.4 days per week, showing that hybrid work is becoming more common in larger organizations. Tuesday remains the busiest day in coworking spaces.
Future Outlook for New Zealand’s Coworking Industry
Looking to the future, key industry trends in 2025 include the rise of landlord-led coworking models, where commercial property owners integrate flexible workspaces into their buildings. The corporate presence in coworking spaces is expected to grow, with large businesses seeking agility and cost efficiency. AI-driven workspace management tools, such as smart booking systems and data analytics, will likely become more widespread, optimizing operations for both operators and members.
The growing focus on community and member experience is also expected to be a major trend, with more curated networking events and enhanced hospitality services on the horizon. Additionally, niche coworking spaces designed for specialized industries, such as health, fintech, and creative professionals, will continue to emerge.
Despite slower growth compared to previous years, New Zealand’s coworking market remains strong. With sustained demand, adapting workspace models, and a focus on community engagement, the sector is positioned for continued success in 2025 and beyond.
