What exactly is a coworking space? You can pay a monthly fee to use a coworking space, which is a shared professional-style workstation, in return for enjoying a shared office. Coworking spaces usually foster community, organise networking events, and are ideal for small enterprises, start-ups, or remote employees such as freelancers.
Are you looking for the latest updated data on coworking spaces? We’ve compiled a list of 20 of the most eye-opening coworking statistics for 2024 to help you completely understand the state of coworking spaces and their place in the world today.
What is the global count of co-workspaces?
Globally, there are more than 35,000 collaborative workspaces. In the bustling city of Tokyo, there are a staggering 1,400 collaborative workspaces!
As we approach the conclusion of 2024, it is expected that the tally of collaborative workspaces will reach 41,975, reflecting a yearly expansion rate of approximately 21.3%.
Top of Form
Sources: Statista, Coworking Insights
Across Europe, there are approximately 6,850 collaborative workspaces, operated by an estimated 148 entities. Projections suggest a yearly growth rate of 4.7% for the coworking landscape in the region.
As per the projections and analysis conducted for the period 2021–2025, there is an expected surge of $13.35 billion in the coworking space market, with an annual growth rate of 11%.
Source: GlobeNewswire
Globally, 30% of coworking businesses reported profits, 41% reported losses, and 29% reported neither profits nor losses.
Source: DeskMag
Have coworking spaces been affected by the impact of COVID-19?
The pandemic led to the shutdown of 21.76% of these spaces.
Source: Shortlister
From the onset of the pandemic, a significant decline in usage was reported by 71.67% of venues for their coworking spaces.
Source: Shortlister
What’s the global user base of coworking spaces?
More than two million individuals around the world actively utilise coworking spaces.
Source: Shortlister
Projections suggest that by 2024, the number of individuals utilising coworking spaces will rise to five million, based on coworking data.
Source: Shortlister
Over the last five years, there has been a 44% surge in the count of individuals engaged in remote work.
Source: Apnews
What makes coworking spaces appealing?
A significant 89% of respondents noted an improvement in their well-being upon joining a coworking space.
Source: TeamStage
According to a global survey, 47% of remote workers identify isolation and loneliness as significant challenges when working remotely.
Source: Zippia
A notable 69% of individuals utilising coworking spaces reported acquiring fresh skills during their time there.
Source: Zippia
What demographic dominates the usage of coworking spaces?
Approximately 42% of coworking space memberships globally are attributed to freelancers.
Source: Zippia
Among the occupants of coworking spaces, 20% belong to the IT industry.
Source: Zippia
Coworking spaces generally see a membership breakdown of 40% – 45% men and 50% – 55% women.
Source: Propques
The typical age range for coworking space users falls between 30 and 39, with men averaging 35 and women averaging 30.
Source: Propques
A significant 62% of millennials actively engage with coworking spaces.
Source: Shortlister
Coworking Landscape Insights
Contemporary professionals prioritise both their physical and mental well-being. The aforementioned coworking insights from Blu Desks highlight the myriad benefits these spaces offer, presenting a conducive and joyful alternative to traditional work settings.
In the quest for a return to in-person work, coworking emerges as the prospective future of the workplace. Organisations can seamlessly transition to a novel work approach that emphasises a robust workforce, incorporating elements like virtual offices, coworking access cards, and hybrid work environments.
How a coworking day pass might be ideal for you
Coworking day passes offer individuals the opportunity to access coworking spaces on a short-term basis, typically for a single day. Here are several reasons why coworking day passes can be beneficial for users:
- Flexibility: Day passes provide flexibility for those who don’t require a dedicated workspace on a regular basis. Users can choose specific days when they need a professional environment or wish to escape distractions at home.
- Cost-effective: For occasional users, a day pass can be a cost-effective option compared to committing to a monthly or yearly membership. It allows individuals to pay only for the days they use the coworking space.
- Professional Environment: Coworking spaces offer a professional and well-equipped environment conducive to productivity. Users can benefit from ergonomic workstations, high-speed internet, meeting rooms, and other amenities.
- Networking Opportunities: Coworking spaces often foster a sense of community, bringing together professionals from various industries. Using a day pass provides opportunities to network, collaborate, and potentially connect with like-minded individuals or businesses.
- Access to Amenities: Coworking spaces typically provide amenities such as coffee, printing services, and communal areas. Day pass users can enjoy these facilities without the need for a long-term commitment.
- Convenient Locations: Coworking spaces are often strategically located in urban centres or business districts, providing convenient access to professionals who may need a workspace close to meetings, events, or other activities.
- Trial Period: Day passes can serve as a trial period for individuals who are considering a more extended membership. It allows them to experience the coworking environment before committing to a more substantial financial investment.
- Project-Based Work: Freelancers, entrepreneurs, or remote workers engaged in short-term projects may find day passes advantageous. It gives them access to a professional workspace for the duration of the project without the need for a long-term commitment.
- Variety of Workspaces: Coworking spaces often offer a variety of work environments, including open desks, private offices, and collaborative areas. Day pass users can choose the type of workspace that best suits their needs on a particular day.
In Conclusion
Are you in pursuit of an office space? Look no further than Blu Desks for your ideal workspace. Whether you prefer a tailored search through specific areas or wish to enlist the assistance of our office specialists, bludesks.com is your go-to destination.