According to projections, there will be some ****** coworking spaces worldwide by the end of 2024. Coworking is a new, innovative open working environment, which allows for several unrelated companies to share a space and work side by side. Coworking in the U.S. Coworking in the United States has recently gained popularity. In 2017, there were over ***** coworking spaces in the U.S.; this number is predicted to increase to over ***** by 2022. In 2017, there were about **** million people who worked in coworking spaces worldwide. In the United States alone, there were ******* people working in coworking spaces in that year. Manhattan was the largest coworking market in 2018, with Regus and Wework dominating the shared office space market. WeWork’s expansion First founded in 2010, WeWork has grown exponentially. As of the first quarter of 2019, WeWork had around ******* members worldwide, a considerable increase from the ***** they had four years ago. As a result of the significant increase in the number of WeWork members, WeWork generated a revenue of *** billion U.S. dollars in 2018. The city with the highest number of WeWork locations in the United States as of February 2018, was New York City.

The number of people working in coworking spaces worldwide is predicted to double between 2021 and 2024, reaching ************ people. Coworking Coworking is where a group of workers, usually from different companies, share a common workspace. This workspace is generally rented from a third-party on a short-term basis, generally monthly with the third-party providing most of the office infrastructure. The practice is especially popular amongst freelancers or people who work from home, who may want access to a more social environment for only a few days a week. Global distribution With the exception of the U.K., coworking spaces worldwide are distributed relatively evenly amongst major economies, with the largest single market being in the Asia Pacific region. However, the coworking market is probably better analyzed at the city level rather than the national level. The densest distribution of coworking spaces is found in cities that are large, associated with the digital and creative industries and which have relatively high real estate costs. This suggests a reason why the UK has such an oversized share of coworking spaces relative to size – because London scores highly on all these criteria.

The coworking space market, valued at $7300.3 million in 2025, is projected to experience steady growth, with a compound annual growth rate (CAGR) of 3.5% from 2025 to 2033. This growth is fueled by several key drivers. The increasing preference for flexible work arrangements among freelancers, startups, and small and medium-sized enterprises (SMEs) is a major catalyst. Coworking spaces offer cost-effective solutions, eliminating the need for long-term office leases and associated overhead costs. Furthermore, the rise of the gig economy and the increasing demand for collaborative work environments contribute significantly to market expansion. Technological advancements, such as improved booking platforms and enhanced communication tools within coworking spaces, further enhance user experience and drive adoption. The expansion into underserved markets and the introduction of innovative service offerings, such as virtual coworking memberships and specialized industry-focused spaces, also contribute to the market's dynamic growth. However, certain restraints could impact market growth. Economic downturns can reduce demand, particularly among smaller businesses with tighter budgets. Competition from traditional office spaces offering flexible lease options is also a factor. Maintaining a high occupancy rate and managing operational costs remain key challenges for coworking space providers. Furthermore, the need to adapt to evolving technological trends and shifting user preferences will be crucial for sustained success. Major players like WeWork, Regus, and others are constantly innovating to offer a competitive edge and maintain market share. The market segmentation, although not detailed, likely encompasses various space sizes, amenity offerings (e.g., meeting rooms, networking events), and target demographics (e.g., startups, freelancers, corporate teams). Geographical expansion into new markets remains a significant growth opportunity.

In 2023, the Co-Working Space Market reached a value of USD 10.81 billion, and it is projected to surge to USD 36.92 billion by 2030.

Global Coworking Space market size is expected to reach $46.19 billion by 2029 at 15.2%, segmented as by business type, open or conventional coworking spaces, corporate or professional coworking spaces, other business types

The Canada Co-Working Office Space Market report segments the industry into By End-User (Personal User, Small Scale Company, Large Scale Company, Other End-Users), By Type (Flexible Managed Office, Serviced Office), By Application (Information Technology (IT and ITES), Legal Services, BFSI (Banking, Financial Services, and Insurance), Consulting, Other Services), and By Geography (Vancouver, Calgary, Ottawa, Toronto, and more).

Comprehensive dataset of 10,097 Coworking spaces in United States as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

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Coworking Spaces Market Size 2024-2028

The coworking spaces market size is forecast to increase by USD 27.71 billion at a CAGR of 17.17% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing demand for flexible and cost-effective workspace solutions. Key amenities, such as high-speed internet, meeting rooms, office equipment, administrative support, and advanced technologies like IoT and Big Data, are attracting entrepreneurs, freelancers, and small businesses to coworking spaces. However, challenges persist, including the need for more privacy and quiet spaces, security concerns, and the potential for distractions. To address these challenges, some coworking spaces are offering incubator programs and specialized zones to cater to specific industries or needs. As the market continues to evolve, it is essential for providers to offer competitive pricing, innovative amenities, and a supportive community to remain competitive.

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The coworking spaces market is rapidly evolving, driven by a growing demand for flexible office solutions across corporate and professional segment. Large size enterprise segment and healthcare and life sciences organizations are increasingly adopting coworking models to meet their dynamic space needs. These spaces offer high speed internet, technology integration, and specialized environments designed to support productivity and innovation. Professional co working spaces cater to various industries, including those leveraging VR and AR technologies for advanced collaboration. Accelerator partnerships further enhance the coworking experience, providing startups and established companies with resources and networking opportunities. With a shift from traditional office space lease and rental office premises, coworking is reshaping the landscape of office rentals and office premises, offering a more adaptable and cost-effective solution for businesses of all sizes.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Enterprises and SMEs
  Freelancers and start ups


Type

  Conventional coworking spaces
  Professional coworking spaces
  Others


Geography

  APAC

    India


  Europe

    Germany
    UK
    Spain


  North America

    US


  South America



  Middle East and Africa

By End-user Insights

The enterprises and SMEs segment is estimated to witness significant growth during the forecast period. In the modern business landscape, coworking spaces have gained significant traction as an innovative solution for enterprises and small to medium-sized businesses (SMEs). These flexible workspace environments cater to the expanding needs of companies, enabling them to accommodate a diverse workforce and foster collaboration. The United States, home to a large number of SMEs, is witnessing a notable trend toward coworking spaces due to their numerous advantages over traditional office leases.

Further, SMEs form the backbone of the American economy, accounting for approximately 95% of all businesses and generating around 50% of the private sector employment, according to the Small Business Administration. Informal and formal SMEs collectively contribute to over 60% of the country's net new jobs annually. In the real estate sector, landlords, developers, and real estate brokers have recognized the potential of coworking spaces and are investing in this growing market. Technological improvements, including high-speed internet, advanced security systems, and flexible workspace design, further enhance the appeal of coworking spaces for businesses.

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The enterprises and SMEs segment accounted for USD 6.68 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Another region offering significant growth opportunities to vendors is North America. The market in North America has experienced substantial expansion in recent years, driven by the proliferation of startup communities, the increasing preference for flexible work environments among both individuals and corporations, and technological advancements, including data analytics and cloud computing, enabling remote work. These factors have made coworking spaces an attractive and cost-effective alternative to traditional offices, leading to their widespread a

In the second quarter of 2024, the most expensive coworking type in the United States was dedicated desks, with a median monthly subscription of *** U.S. dollars. Open workspaces followed, with a median monthly subscription of *** U.S. dollars, while the least expensive option was virtual offices, with a median monthly subscription of *** U.S. dollars. Nationwide, Regus was the coworking operator with the largest number of locations.

The Coworking Space UAE Market report segments the industry into By Business Type (New Spaces, Expansions, Chains), By Application (Information Technology (IT and ITES), Legal Services, BFSI (Banking, Financial Services, and Insurance), Consulting, Other Services), By End User (Small to Medium-sized Enterprises (SMEs), Large-scale Corporations), and By Geography (Dubai, Abu Dhabi, Sharjah, Other Cities).

The Latin America Co-Working Spaces Market report segments the industry into By End Use (Information Technology (IT and ITES), BFSI (Banking, Financial Services and Insurance), Business Consulting & Professional Services, Other Services (Retail, Lifesciences, Energy, Legal Services)) and By User (Freelancers, Enterprises, Start Ups and Others). Get five years of historical data alongside five-year market forecasts.

The coworking spaces listed are currently only located within the City of Melbourne municipal boundary. The list is not exhaustive. There may be other coworking spaces within the City of Melbourne municipality.

This statistic shows the number of people working in coworking spaces in the United States from 2015 to 2022. In 2017, there were ******* people working in coworking spaces in the U.S., and this is forecasted to increase to about **** million in 2022. In 2017, there were around **** million people working in coworking spaces worldwide. In 2015, the leading serviced office company in the world in terms of number of coworking spaces was Impact Hub.

No individual cowork data is displayed in a Trend Report.

Report metrics include Occupancy, Revenue per Square Feet, and Revenue Per Available & Occupied Workstation (RevPAW & RevPOW), revenue, supply, and demand with year-over-year percentage changes.

Custom Trends are available to measure performance for a specified set of coworks.

Multiple options are available for report currency.

Comprehensive dataset of 777 Coworking spaces in Russia as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

The global Co-working Space market earned around USD 10.53 Billion in 2023 and is expected to reach USD 35.63 Billion by 2032, with a projected CAGR of 14.5%.

Coworking is a new but fast-growing trend in the United States - from only ** spaces in 2007, the number of coworking and other shared, collaborative office spaces increased to ***** in 2017. CoworkingCoworking is where a group of different workers, usually employed by different organizations or self-employed, use a common, shared workplace. Generally the workers will also share a common set of values, with social factors being the most often-cited reasons for choosing a coworking space. Typically the practice is associated with the IT and media startup culture. Accordingly, relatively smaller cities associated with this scene, such as Berlin, Melbourne and San Francisco, have a disproportionately high number of coworking centers. Global coworking marketThe growth in coworking is a global trend, with the total number of spaces worldwide predicted to have reached ****** in 2018 – more than double the 2015 figure. Not only is the number of spaces growing, but each space is also becoming busier, with the average number of members per space increasing threefold over the same period. The two largest coworking space operators, at least in the U.S. market, are Regus and WeWork.

Comprehensive dataset of 160 Coworking spaces in Tennessee, United States as of June, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

The coworking space market is projected to grow at a CAGR of 8.5% from 2025 to 2033, reaching a value of 7530 million USD by 2033. Key drivers of this growth include the increasing popularity of remote work, the need for flexible and affordable office spaces, and the growing number of freelancers and small businesses. The coworking space market is segmented by application (personal user, small scale company, large scale company), type (open-conventional coworking spaces, corporate-professional coworking spaces), and region (North America, South America, Europe, Middle East & Africa, Asia Pacific). The market is dominated by a few major players, including Regus Group Companies, Techspace Inc., Knotel Inc., Simplywork, Talent Garden S.p. A, and Premier Workspaces. These companies offer a variety of coworking space options, from traditional shared office space to private offices and meeting rooms. The market is also characterized by a number of emerging trends, such as the rise of virtual offices and the increasing use of coworking spaces by large corporations.

United States Coworking Office Space Market Report is Segmented by User (Freelancers, Enterprises, Start Ups and Others), Office Type (Grade A, Grade B, Grade C), Sector (IT and ITES, BFSI, Business Consulting & Professional Service, Other Services), and Region (Northeast, Midwest, Southeast, West, Southwest). The Market Forecasts are Provided in Terms of Value (USD).