Over the last two decades, coworking spaces have taken over the world. Coworking offers a place where freelancers, consultants, start-ups, and large corporations can all work under the same roof. Many find that this sort of collaborative work environment is intellectually stimulating and helps them get more done. As the American work culture becomes more and more flexible and entrepreneurial, coworking spaces will only become more popular. Here are some of the essential coworking statistics you need to know in 2024. 

General coworking statistics

1. What are the world’s largest coworking companies?

  • Regus
  • WeWork
  • Industrious Office
  • Spaces
  • Premier Workspaces
  • Office Evolution
  • Workstyle Flexible Spaces
  • HQ Global Workspaces
  • Intelligent Office
  • Expansive Workspace

These companies have successfully built a network of coworking spaces by offering a unique experience to their customers. Their business models run the spectrum from small and boutique coworking spaces to franchised enterprises.

If you are interested in the coworking industry, pay attention to these companies. They will continue to drive the coworking industry into the future. 

2. How many members does WeWork have?

WeWork is easily one of the largest coworking spaces in the world. Since its initial launch in 2010, WeWork has built a network of workspaces covering 127 cities and 33 countries, with plans to expand even further. This has allowed WeWork to amass over 609,000 members around the world. 

WeWork Coworking Statistics:

  • WeWork was initially launched in New York City.
  • Now, WeWork has over 850 coworking locations.
  • WeWork Labs – a digital platform aimed at early-stage startups – is available in over 100 locations worldwide.
  • WeWork’s members include all types of entrepreneurs and companies. WeWork even caters to large multinational companies such as Microsoft, IBM, Amazon, and Airbnb. 
  • WeWork has also expanded into education, group living, and fitness. 

How much does WeWork cost?

WeWork currently offers a variety of pricing options tailored to individuals as well as larger companies. WeWork offers a pay-as-you-go option, a monthly subscription, and long-term leases. 

The average monthly price for one-person office space is between $300 and $600. The average cost for a WeWork space for a team is $939. However, pricing and availability for teams greater than one person depend on the location you are hoping to work from and the size of your team. WeWork offers competitive pricing compared to other office spaces in the market. 

The types of office space available at WeWork include:

  • A single, dedicated desk for one person
  • Standard office space for a team of 1-20 people
  • An office suite for 20-100 people
  • A full-floor of office space for teams with more than 100 people

3. What are the best coworking spaces in the world?

WeWork is one of the most recognizable coworking spaces in the world, with over 850 locations. But, is it one of the best? Although WeWork offers a reliable and affordable coworking option, it ranks third among the best in the world. 

Some of the most popular coworking spaces from around the world include: 

  • Regus
  • Impact Hub
  • WeWork
  • Spaces
  • Google for Startups
  • MindSpace
  • Talent Garden
  • Ucommune

4. How many coworking spaces are in the United States?

According to our coworking statistics, in 2019, there were a total of 19,400 coworking spaces in the world. Only about 6,200 of those offices are located in the United States. Asia-Pacific, which includes China and India, is the world’s largest coworking region. 

The total number of coworking spaces is expected to increase to 42,000 by 2024

5. Average coworking space size

The average size of a coworking space varies between countries and continents. North America has, by far, the largest average coworking space size. Average coworking spaces in North America are about 9,799 square feet and fit about 100 people. 

By region: 

  • North America: 9,799 square feet and 100 people
  • Asia: 8,101 square feet and 113 people
  • Central America: 6,719 square feet and 59 people
  • Africa: 6,312 square feet and 86 people
  • Europe: 6,131 square feet and 61 people
  • Oceania: 3,960 square feet and 83 people
  • South America: 3,955 square feet and 53 people

6. How many companies use coworking spaces?

The number of companies that use coworking spaces continues to grow every year, although there are no current statistics as to how many discrete businesses actually use coworking spaces at this time. However, trends demonstrate that it’s not just small and medium-sized businesses: large corporations are also taking advantage of the coworking trend, including Airbnb and Amazon. 

Small businesses, solo entrepreneurs, and freelancers continue to use coworking spaces the most. Freelancers make up 41% of coworking space users.However, according to the most recent numbers, 36% of employees at corporations are using coworking spaces on a regular basis. In the coming years, 40% of the growing demand for coworking spaces is expected to come from larger corporations. 

7. Can coworking spaces be profitable?

Even though coworking spaces felt the strong negative impacts of the COVID pandemic, many experts expect coworking spaces will thrive once things return to normal. Some estimate that the industry, as a whole, is worth more than $26 billion. Currently, 43% percent of coworking spaces are profitable.

The world is moving towards a remote work culture. Coworking spaces offer the perfect option for companies to still have a central headquarters and office space for interested employees while downsizing and cutting costs. Monthly payment options or short-term leases ensure that companies can maximize their rent budget. Coworking statistics are changing.

Despite the uncertainty of the coworking business model, 72% of offices become profitable after only two years. With over 3 million people already using coworking spaces, and that number is expected to double in the coming years, the coworking industry is sure to remain a profitable one.

Coworking statistics by demographics

How many people use coworking spaces?

By the end of 2022, there were over 3.1 million people using coworking spaces around the world. Coworking Resources estimates that that number will be nearly 5 million people. While millions of people continue to benefit from shared office space, the COVID pandemic has slowed the tremendous growth rate coworking spaces were experiencing. 

9. How many coworking spaces are Black-owned?

As of 2022, only 16 coworking companies were Black-owned, but that number is continuing to grow. Black women are the fastest-growing group of entrepreneurs in the US. And as minority-owned businesses continue to grow generally, office spaces will be built by and tailored to those minority groups.

Some popular black-owned coworking spaces in the United States include Femology, The Gathering Spot, and La Create Space. 

10. What is the male to female ratio in coworking spaces?

The latest global coworking numbers indicate that women slightly outnumbered men in coworking spaces: as of 2019, they just crossed the 50% threshold. Interestingly enough, coworking space owners and users actually estimated that women only made up 40% of their client base. This may be attributable to women using coworking space less frequently, across all weekdays–or it could be the still-prevalent attitude that coworking spaces are male-dominated.

11. How inclusive are coworking spaces?

Coworking spaces are expected to increasingly focus on inclusivity in the coming years, although there are relatively few spaces owned by non-White people. As the popularity of coworking grows, owners must consider accommodations for physical disabilities and good environments for neurodivergent people, as well as a generally welcoming atmosphere for people of all backgrounds, ethnicities, religions, sexual orientation, and more. 

12. Which sector of coworking professionals are expected to grow the most in 2024?

Surprisingly, hair and beauty coworking locations are expected to grow significantly in 2024. Instead of renting a chair or getting hired at a traditional salon, hair and beauty coworking spaces are starting to pop up in more locations. This offers the benefit of working in a professional environment on a freelancer’s schedule, without the hassle of traveling to others’ homes, starting your own salon, or working for someone else.

13. What is the racial makeup of coworking users?

Nearly 90% of coworking members identify as White or Caucasian. 5% identified as Asian, and the remaining percentage identified as Black, Latino/Hispanic, and other races. This is not proportionate to the United States population. However, because coworking spaces are increasingly focused on inclusivity, those numbers are expected to change in the future.

14. How old is the average coworking space member?

The average coworking space user is 36, which is on par with generational data: 62% of users are Millennials or Gen Z, 33% are from Gen X and just 5% are Baby Boomers. Whether this is due to the fact that Boomers are more likely to work traditional office jobs, that younger generations are more likely to embrace remote work, or because technology workers make up the majority of coworking space users, the younger you are, the more likely you are to consider coworking.

15. Which industries use coworking spaces the most often?

As of 2019, 35% of coworking space members are in the technology sector. Management and advisory jobs came a distant second at 14%, finance workers at 12% and media at 10%. While technology is still the primary industry within coworking spaces, experts expect that other sectors will gobble up a bigger market share in the coming years.

Coworking statistics over time

16. How have coworking spaces grown over time?

The number of coworking spaces in 2007 was just 14. By 2017, there were over 4,000, and today, there are over 19,400 in the United States alone. While the global COVID-19 pandemic temporarily reduced the number of coworking spaces, the sector is expected to bounce back and grow further over the coming years.

17. How many people use coworking spaces as compared to previous years?

In 2015, about 331,000 people in the United States used coworking spaces. By the end of 2022, that number had jumped to 1.08 million in the United States alone–and 3.1 million worldwide. The numbers are expected to grow, particularly with the increased focus on remote work and flexible schedules.

Coworking benefit statistics

18. How many people feel their work product has benefited from coworking spaces?

According to the Global Coworking Conference Unconference’s 2015 study (the most recent numbers), coworking spaces have real benefits. 84% of workers said they were more engaged and motivated when coworking, while 67% said coworking improved their professional success. 69% said they feel more successful since joining a coworking space. Whether that’s due to fewer distractions, a lower likelihood of office politics, or other factors, this is a significant benefit.

19. How does coworking affect networking and skills?

One of the downsides to coworking–or so you might think–is the fact that it might be harder to improve your professional network and learn new work skills outside of a traditional office or industry environment. Surprisingly, that does not seem to be the case: 82% of users said coworking has actually expanded their professional networks, and 80% said they turn to other coworking members for help or guidance when needed. 

When it comes to learning new skills and growing in their jobs, 69% reported they learned new skills, and 68% said they improved their existing skill sets. Those are fairly strong professional development and networking trends. In other words, neither your work nor your network will suffer if you choose to use coworker spaces.

20. How happy are coworking space members?

Finally, coworking spaces have a significant positive effect on mood and socializing. 87% of coworking space users report they meet other members for social reasons, and 54% said they socialize with other members after work or on weekends. But even better, 89% of users said they’re happier, and 83% said they’re less lonely, which indicates coworking addresses the loneliness and isolation that can accompany remote work.

Discover the benefits of coworking for yourself

The benefits of joining a coworking space are clear: not only is it a positive social environment, but the majority of users are pleased with how coworking improves their skill sets and networking opportunities. A sense of community is especially helpful, whether you’re renting a solo desk or working with a few local coworkers.

Because there are fewer distractions than there are at home, like caring for children or doing chores, coworking is a great solution for remote workers to increase their productivity and motivation. 

Coworking is also a great way for companies to save money. For example, when multiple businesses share the same office space, they save on startup and labor costs like office machinery, reception, computers, break room space and more.

Ultimately, however, the biggest benefit of coworking spaces is the flexibility. Whether you’re renting a single desk for yourself or several rooms for your startup, you’re not locked into a long-term lease. If coworking doesn’t work for you or your employees, you’re free to cancel your membership and find a new solution. Plus, if you find a 24/7 coworking space near you, you and your colleagues can enjoy the benefits of a flexible day-to-day schedule.

Now that you’ve read the statistics and heard about the benefits, will you join the millions of coworking space members worldwide?

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Article Sources: 

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