Coworking Statistics By Productivity, Users, Space, Benefits, Challenges and Facts

Introduction

Coworking Statistics: The coworking process has transformed the working patterns of global people as it offers flexible, shared environments that cater to freelancers, startups, and even large companies. They have become popular because they offer flexibility, networking opportunities, and a sense of community. Recent trends and statistics show that coworking spaces are growing rapidly worldwide.

The market of coworking has been driven by a global shift toward remote work and a desire for more work-life balance. Recent statistics reveal impressive growth in the industry, with millions of professionals using these spaces worldwide. This article explores key statistics to highlight the growing importance of co-working in today’s professional landscape.

Editor’s Choice

• Coworking Statistics state that by 2024, nearly 5 million people worldwide are expected to use coworking spaces, compared to just over 2 million in past years.
• In the United States alone, over one million people work from coworking spaces.
• The number of coworking spaces worldwide is expected to reach about 41,975 by the end of 2024.
• The ten biggest coworking companies make up 36% of the entire market.
• The global market for coworking spaces is set to expand significantly, rising from USD 14 billion in 2022 to USD 37 billion by 2028, with a strong annual growth rate.
• Women now make up nearly 40% of coworking members, and this number has been steadily rising over time.
• Freelancers account for around 42% of coworking members worldwide. Most members are between the ages of 30 and 39.
• Coworking Statistics further show in North America, the typical coworking space is about 14,000 square feet and has room for roughly 115 workstations.
• Regus is the biggest coworking space provider in the United States, operating 561 locations in early 2024.
• Globally, the financial success of coworking businesses varies: 30% are making profits, 41% are running at a loss, and 29% are breaking even.

You May Also Like To Read

• Cell Phones At Workplace Statistics
• Paid Holiday Statistics
• Workplace Violence Statistics
• Social Media At Workplace Statistics
• Time Management Statistics
• Wasting Time At Workplace Statistics
• Employee Recognition Statistics
• Part-Time Vs Full-Time Employment Statistics

General Coworking Statistics

• From 2020 to 2024, coworking spaces around the world are expected to grow by 9.5%.
• About 62% of Millennials are part of coworking spaces.
• Additionally, 20% of employees working in corporate jobs use coworking hubs at least once a week.
• More than half (55%) of coworking users still work at the first coworking space they joined.
• The United States leads the coworking market with over 3,700 shared workspaces. India comes next with 2,197 spaces, followed by the United Kingdom with 1,044 spaces.
• Looking at coworking trends, the number of coworking spaces is set to rise by 69%.
• Moreover, 82% of people are expected to prefer working close to home, according to coworking companies.

(Reference: flexas.com)

• In 2023, around 30% of coworking businesses made profits, while 41% of companies faced huge losses, and 29% of businesses never reported any profits or losses.
• Coworking expands beyond cities, offering rural retreats and themes, capturing 85% market share in 2024.

Co-working Productivity Statistics

• In recent years, 84% of coworkers feel more motivated when they work in a coworking space.
• Meanwhile, 82% of employees say they’ve grown their social circle by participating in a coworking hub.
• Based on Coworking Statistics, around 69% of members say they’ve picked up a new skill while coworking.
• Around 68% of workers find it easier to focus in a coworking office.
• Similarly, 64% of people working with others in a shared office feel they finish tasks on time more often.

Coworking Users Statistics

• About 75% of businesses using coworking spaces have seen better relationships.
• Around 84% of people say they feel more motivated and engaged in their work.
• Additionally, 77% of users reported improved productivity due to coworking.
• As mentioned in Coworking Statistics, millennials are driving the coworking trend, with 62% of them using these spaces.
• Men slightly outnumber women (50 to 55% vs. 40 to 45%), and most users are aged 30 to 39.
• On average, men are 35, and women are 30 years old.
• As of 2024, in the U.S., over 1 billion professionals work in coworking spaces.
• Looking ahead, 79% of coworking space owners plan to grow their businesses in the next five years.
• Most people who use coworking spaces (83%) prefer using mobile apps to manage services easily.

(Reference: flexas.com)

• Freelancers dominate these spaces, making up 42% of members globally.
• The IT sector is also a big player, contributing 20% of members.

Coworking Space Statistics

• Coworking space trend shares in 2024 are followed by the eco-friendly coworking wave (80%).
• However, others are followed by boutique vs. corporate dynamics (55%), hybrid workspaces and office redefinition (55%), co-living and coworking fusion (55%), live-work environments take centre stage (55%), and niche professional environments (20%).

(Reference: cloudinary.com)

• The number of coworking spaces worldwide is expected to reach about 41,975 by the end of 2024, growing at a yearly rate of 21.3%.
• The number of people using coworking spaces worldwide is expected to grow twice as fast as it did in 2021, reaching 5 million by 2024.

By Country

(Reference: jobera.com)

The table below shows the top 10 countries number of coworking spaces and space:

You May Also Like To Read

• Meeting Statistics
• Video Conferencing Statistics
• Performance Management Statistics
• Remote Work Statistics
• Employee Theft Statistics
• Outsourcing Statistics
• employee feedback statistics
• Leadership Statistics
• Communication In the Workplace Statistics
• Job Interview Statistics
• Employee Wellness Statistics

Number of Coworking Spaces in the United States

(Reference: coworkingcafe.com)

• Coworking Statistics reports that in the third quarter of 2024, Los Angeles still leads with 292 coworking spaces, adding 13 new ones in three months.
• Dallas-Fort Worth kept second place with 279 flexible workspaces, growing 3%, while Manhattan added 11 locations, reaching 275 spaces.
• Furthermore, Indianapolis (85), Brooklyn (78), and Salt Lake City (75) were the other countries with the fewest coworking spaces in Q3 of 2024.

Coworking Space Statistics by Square

(Reference: coworkingcafe.com)

• Coworking Statistics further states that the U.S. gained nearly 5 million square feet in Q3 of 2024, with coworking expanding in most markets.
• In the same duration, Manhattan accounted for the highest footage of 11.16 million square, which decreased from 11.89 million square feet in Q2, 2024.
• In other countries, total coworking footage (in a million square feet) is followed by Chicago (6.65), Los Angeles (6.55), Washington, D.C. (6.41), Dallas-Fort Worth (5.29), Boston (4.76), and Atlanta (4.5).
• In contrast, Minneapolis-St. Paul (1.72 million), Salt Lake City (1.68 million), and Austin (1.65 million) had the fewest square footage.

Top Coworking Operators Statistics

(Reference: coworkingcafe.com)

• As of 2024, the top coworking companies in the U.S. are still Regus, WeWork, Industrious, Spaces, and HQ.
• Regus, the top operator in the country, added a few more spaces in Q3 2024.
• Nationwide, their inventory grew by 2%, reaching 998 spaces.
• In the major metro areas, it went up by 1%, now totalling 580 spaces.
• Coworking Statistics also states that other marketers co-working operators in Q3 (2024) are followed by WeWork (141), Industrious (130), Spaces (113) and HQ (105).

Coworking Industry Statistics

(Reference: jobera.com)

• The global coworking industry has experienced significant growth, with the market size increasing from USD 19.05 billion in 2023 to USD 22.44 billion in 2024
• The ten biggest coworking companies make up 36% of the entire market.
• Around 25% of coworking members work in IT, including software and app developers.
• Fields like Public Relations, Marketing, and Sales account for 14% of coworking users.
• About 3% of users are consultants, followed by management and HR (13% each).
• Freelancers in creative fields like design and art represent 11% of members, enjoying the collaborative environment these spaces provide.
• Coworking Statistics show that small businesses (2-9 employees) make up 46.1% of coworking users, while medium-sized companies (10 to 50 employees) use them for growth.
• Large firms (12.5%) use coworking mainly for projects or satellite offices.

Coworking Statistics By Location, Perks, And Amenities

(Reference: imagekit.io)

• Coworking spaces were the most common type of location worldwide, with residential spaces accounting for 69%, industrial spaces for 12%, commercial spaces for 11%, and retail spaces for only 4%.
• The top reasons people stayed in coworking spaces were simple perks: coffee was the favourite (74%), followed by snacks (53%), fun activities (50%), networking opportunities (48%), and good desks (40%).

Co-working Benefits Statistics

• Almost 97% of workers feel happier or just as happy with their jobs when they work in a coworking space.
• Around 94% of these spaces offer more than desks, such as networking events, coffee, snacks, or gym access.
• About 83% of members feel less lonely after joining.
• Over half (57%) say the convenient location is a major perk, and nearly 80% report being more active.
• Many find coworking helps separate work from personal life (86%) and provides a sense of community (51%).
• Small businesses also save up to USD 2,700 by choosing coworking options.

Coworking Challenges Statistics

• Attracting new members is a problem for 44% of coworking spaces.
• Financial challenges affect 37% of these facilities.
• About 26% say they don’t have enough desks or rooms to meet demand.
• For 29%, managing workloads and admin tasks is tough.
• 48% of users are concerned about privacy. 39% are frustrated by limited space, and the same percentage find the equipment lacking.
• Additionally, 31% want to customise their workspace but can’t.
• Finally, 23% worry about safety and security in these shared spaces.

Conclusion

Coworking has transformed people’s working patterns by offering flexible spaces that allow effective collaboration and creativity. It fosters a sense of community where individuals from different fields connect, share ideas, and grow together. The cost-effective approaches and inspiring environments and coworking spaces are perfect for freelancers, startups, and remote workers after the COVID-19 pandemic to date.

They promote productivity, reduce isolation, and provide networking opportunities. This culture not only supports professional growth but also creates a balanced and dynamic work experience that suits modern work needs.