- More than 5 million people work in coworking spaces around the world, with the number exceeding 1 million in the United States alone in 2023.
- The global coworking market is estimated at over $26 billion and is expected to continue to grow.
- The number of jobs in coworking spaces is growing by 13% annually, with a 13% increase globally and 6% in the US in 2023.
- The average area of coworking spaces is 678 square meters. m, allowing them to accommodate an average of 83 employees.
- 72% of coworking spaces make a profit within 2 years of launch.
- The highest rent for a workplace in coworking spaces was recorded in Switzerland, where it is $358 per month.
- On average, coworking spaces open every 5 days in London, every week in New York, and every two weeks in Toronto.
- The global coworking market leader is Regus, which holds 11% of the global market.
- Coworking spaces are becoming a factor in business growth, attracting 40% of companies regardless of location to rent workspaces and hire employees.
- 84% of coworking space visitors report increased motivation, 70% are mentally healthier, and 68% are better able to focus on their work.
Analysis of the coworking market in Europe: trends and dynamics
The global coworking market continues to grow, exceeding the average level by 4.7%. This trend is clearly evident in Europe, which has seen a rapid increase in the number of sites, planes and operators since 2001.
Trends in London and Paris
Central London has become the epicenter of coworking, with 183,000 square meters leased in 2023. м. In Paris, there are 28 deals that total 118,000 square meters. m, confirm the successful implementation of coworking in the French office real estate market.
Market drivers: Flexibility and Savings
Tenants are looking for flexible offices that offer shorter lease terms, increased incentives and the ability to act as service providers rather than just space.
All these factors indicate that coworking is becoming not only a popular solution for entrepreneurs and startups, but also an important factor in the development of the office real estate market in Europe.
