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Coworking Statistics 2023: [ New Insights and Trends]

In recent years, coworking spaces have become more than just a trend; they have evolved into a fundamental aspect of the modern workplace. With the rise of remote work and the changing dynamics of traditional office settings, coworking has reshaped the way we work and interact. In this article, we’ll dive into some enlightening coworking statistics that shed light on the growing influence of shared workspaces.

Paychart: The Growing Popularity of Coworking Spaces
PointKey Information
1.1.08 million people in the U.S. use coworking spaces (Zippia).
2.The U.S. has 18.3% of the world’s coworking spaces (Zippia).
3.Average U.S. coworking space accommodates 105 people (Zippia).
4.Globally, average coworking space capacity is 83 people (Zippia).
5.3.4% of the U.S. population worked remotely before COVID-19 (Zippia).
6.Over 4,000 coworking spaces in the U.S. in 2017 (Zippia).
7.Expected 27% increase in U.S. coworking users by end of 2022 (Zippia).
8.About 40% of coworking spaces are profitable (DropDesk).
9.Predicted 40,000 coworking spaces worldwide by 2024 (DropDesk).
10.Coworking improves health (70% of members) and job satisfaction (96.9%) (TeamStage, MyShortLister).
11.Coworking offers 20-25% cost savings compared to traditional offices (PC Executive Services).
12.Average monthly coworking rate highest in Washington, D.C. ($843) (PC Executive Services).
13.By 2030, flexible workspaces to represent 30% of U.S. office stock (PC Executive Services).
This paychart provides a concise overview of the significant statistics and trends related to coworking spaces, emphasizing their growth, impact on well-being, cost-effectiveness, and future prospects.

1. The Growing Popularity of Coworking Spaces

Coworking spaces have witnessed a remarkable surge in popularity in the United States. According to Zippia, there are approximately 1.08 million people in the U.S. who use coworking spaces. This statistic highlights the increasing preference for flexible work environments.

2. The United States Dominates the Coworking Landscape

The U.S. plays a significant role in the global coworking arena, boasting 18.3% of the world’s coworking spaces, as reported by Zippia. This dominance underscores the nation’s commitment to fostering collaborative workspaces.

3. Coworking Spaces Come in Various Sizes

When it comes to the size of coworking spaces, there’s a notable variation. In the U.S., the average coworking space accommodates 105 people, according to Zippia. This diversity in capacity caters to a wide range of professionals, from freelancers to larger teams.

4. Global Coworking Capacity

Globally, the average capacity of coworking spaces stands at 83 people, based on data from Zippia. Interestingly, Asia leads the pack with an average capacity of 114 people, while South America lags behind with only 54 people per coworking space.

5. Remote Work Gains Traction

Even before the COVID-19 pandemic, remote work was on the rise. In fact, 3.4% of the U.S. population was already working remotely, as reported by Zippia. This statistic laid the groundwork for the remote work revolution that followed.

6. Explosive Growth in Coworking Spaces

The growth of coworking spaces in the U.S. has been nothing short of spectacular. In 2007, there were just 14 coworking spaces in the country. By 2017, that number had surged to over 4,000, according to Zippia. This rapid expansion signifies the changing dynamics of workspaces.

7. The Future of Coworking

Looking ahead, coworking is expected to continue its upward trajectory. By the end of 2022, nearly 1.1 million Americans were projected to use coworking spaces, marking a 27% increase in just two years, according to Zippia. The trend toward flexible work environments shows no signs of slowing down.

8. Profitability in Coworking

Profitability is a critical factor for coworking spaces. According to the second Global Coworking Survey, approximately 40% of coworking spaces are profitable (DropDesk). Notably, 72% of these spaces achieve profitability after more than two years in operation.

9. Explosive Growth in Coworking Spaces Worldwide

The coworking industry is on the verge of explosive growth. It’s projected that the number of coworking spaces worldwide will reach almost 20,000 by 2020 and surpass 40,000 by 2024, as indicated by DropDesk. This expansion reflects the increasing demand for flexible workspaces.

10. Healthier and Happier at Coworking Spaces

Coworking spaces have a positive impact on individuals. Statistics suggest that shared offices make 70% of their members healthier (TeamStage). Moreover, 96.9% of people report being more or equally satisfied with their jobs when working from coworking spaces (MyShortLister). These findings highlight the well-being and job satisfaction benefits of coworking.

11. Cost Savings in Coworking

One of the compelling reasons behind the popularity of coworking is cost savings. Coworking spaces can lead to a 20-25% cost reduction compared to traditional office spaces (PC Executive Services). This financial advantage attracts both individuals and businesses.

12. Regional Differences in Coworking Costs

In the United States, coworking costs vary by location. The average monthly rate for coworking space is the highest in Washington, D.C., at $843 per month (PC Executive Services). Understanding regional pricing can help businesses make informed decisions.

13. A Glimpse into the Future

The future of coworking is bright. By 2030, the flexible workspace market is expected to represent 30% of U.S. office stock (PC Executive Services). This forecast underscores the continued transformation of the traditional office landscape.

FAQs about Coworking Statistics

Are coworking spaces only for freelancers and startups?

No, coworking spaces are not limited to freelancers and startups. They cater to a diverse range of professionals, including remote workers, small businesses, and even large corporations. The flexibility of coworking environments makes them suitable for various industries.

How do coworking spaces impact innovation?

Coworking spaces often foster innovation by creating collaborative environments where professionals from different backgrounds can interact and share ideas. This cross-pollination of ideas can lead to innovative solutions and new business opportunities.

Are coworking spaces cost-effective?

Coworking spaces are often more cost-effective than traditional office leases. Businesses can save on overhead costs, such as rent, utilities, and maintenance. Additionally, coworking spaces offer flexible membership options, allowing companies to scale up or down as needed.

Do coworking spaces provide privacy?

Yes, many coworking spaces offer private office suites or meeting rooms for those who require privacy. These spaces are equipped with all the necessary amenities and technology to support focused work and confidential meetings.

How can I find a suitable coworking space?

Finding the right coworking space depends on your specific needs and preferences. Consider factors such as location, amenities, community, and budget. Many coworking spaces offer tours and trial memberships, allowing you to explore and determine if it’s the right fit for you.

What is the future of coworking?

The future of coworking appears promising, with continued growth expected. As remote work becomes more prevalent and businesses seek flexible solutions, coworking spaces are likely to play a crucial role in shaping the future of work.

Conclusion

These coworking statistics provide valuable insights into the changing landscape of work and the growing importance of coworking spaces. Whether you’re a freelancer, a startup, or an established company, understanding these trends can help you make informed decisions about your workspace needs.

If you’re interested in exploring coworking options, be sure to check out our WeWork All Access Review. Additionally, if you’re considering coworking space management software, our guide on the Best Coworking Space Software can be a helpful resource.

Join the coworking revolution and experience the benefits for yourself!

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