Date: April 23rd, 2019 by Jon Muller and George C
From fortune 500 companies to freelancers and digital nomads, coworking spaces have transformed the way people from every walk of life work and collaborate in the 21st century.
To really understand the state of coworking space and its impact on modern society, we’ve compiled 32 of the most illuminating statistics on coworking spaces in 2019, from market size, growth projections, to the main benefits workers feel they get by working in these flexible workspaces.
Key Coworking Statistics in 2019 (Infographic)
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State of Coworking Spaces at a Glance
Let’s start by taking a look at the size of coworking spaces globally in 2019, and forecasts for its growth in the next 3 years.
Global Coworking Space Race
In 2019, Asia Pacific had the largest number of coworking spaces (11,592), followed by EMEA (6,850), Americas (6,293), then United Kingdom (5,923). 
Globally, the number of coworking spaces is forecast to almost double to 49,500 by 2022, from 26,000 in 2017 
China and India Set to Take off
China will grow rapidly and become one of the world’s largest coworking markets by 2022, with over 5,000 spaces. 
Though not quite as large in terms of absolute market size, India is posed to become one of the fastest growing regions for coworking, buoyed by its large startup ecosystem that ranks the 3rd largest in the world. India has the 3rd largest startup ecosystem in 2019, behind China and the US (16)
Over 5.1 million Coworking Users by 2022
The number of coworking members worldwide leaped from 1.74 million in 2015 to 3.1 million in 2019. With the average annual growth rate of 24.2%, the 2022 forecast stands at a whopping 5.1 million coworking members. 
Think about this. It means by 2022, there will be over 5.1 million workers that will no longer call a regular office (or home) their main workplace.
Vertical Expansion the Top Trend for Coworking Spaces
In 2019, the trend for coworking operators is to expand their existing facilities to accommodate more members (instead of more locations). This is followed by a stronger focus on sustainability, consolidation, more community events, and an increase in niche coworking spaces.
More corporations will start to utilize coworking spaces as well. 
Coworking is no longer just for Freelancers and Startups.
WeWork, one of the world’s leading coworking space chains, reported a 90% increase in the number of enterprise companies utilizing their services in 2017. Meanwhile, the number of members from enterprise companies rose by 360%.
Some of the major corporations that have made the WeWork coworking spaces their home are Microsoft, GE, Dell, Spotify, Pinterest, Sprint, and HSBC.
Who’s Using Coworking Spaces?
Let’s take a look now at the demographics of people most drawn to coworking space.
Age and Profession Breakdown
The largest age group for coworkers is 25 to 29, followed closely by 30 to 34. Researchers predict a dramatic increase in older and married people flocking to coworking spaces in the next few years. 
As expected, freelancers still make up a greater part of coworking members at 41%. The number of coworking members from corporations is right on its tail however, at 36%. 
51% of the European coworking members are freelancers while 56% of the Asian members are corporate employees. The stats for the US is relatively balanced at 37% freelancers and 35% employees. 
As for the members’ professions, members who are working in IT come in at 22%. This is followed by PR (14%) and writing (9%). 
Not Just Extroverts Frequent Coworking Spaces
In terms of personality types that frequent coworking spaces:
- 30% identify themselves as extroverts
- 22% as introverts
- 47% as ambiverts. 
Coworking Makes People Happier
This should come as no surprise, but most people who join coworking report feeling more social, productive, and ultimately, happier. Here are the statistics that back this.
According to an extensive survey done in 2018, 89% of coworking users report that they are happier since joining a coworking space, while 83% said that they feel less lonely.
86% of coworkers feel that they are part of a community when working in a coworking space, which corroborates with another study that says the majority of coworkers feel happier since joining.  
And get this, 54% said that they socialize with other members outside of the coworking space after work and during weekends. 
Ultimately, 80% said that having other coworking members to interact with is the thing that they liked most in a coworking space. 
Coworking Leads to Better Connections
Apart from the social aspect, many people join coworking spaces to forge new business connections and be more productive, by immersing themselves with talent from a broad range of related industries. It seems to be working.
By coworking, 82% of surveyed members say it has expanded their professional networks.51% of Coworking Space members feel that joining has helped them in finding new job opportunities. (6)
Coworking Creates Better Employees
One of the main reasons large corporations are interested in coworking spaces is to help foster creativity and out of the box thinking in their employees.
According to a GCUC survey, 84% of coworkers say working in a coworking space makes them more engaged and motivated. 69% surveyed say they have acquired news skills, and 68% say they have improved their existing skill set as a result of working in coworking spaces.
The Evolution of Coworking Space Amenities
To attract new members, coworking spaces are constantly modifying their amenities to cater to the latest trends and demands of the modern workforce.
Average Internet Speed at Coworking is a Whooping 156 mbps
With the prevelance of video content and conferencing, coworking spaces realize that they need to proceed the fastest, most stable internet connection possible to members.
According to data, the average internet speed provided by coworking spaces is 156 mbps in 2018, with 12% reaching 500 mbps per second or more. The average internet speed provided by coworking spaces is 156 mbps in 2018, with 12% reaching 500 mbps per second or more. (14)
Still, 30% of coworking members complain about having a bad internet connection. This might be due to the fact that 52% coworking spaces report not having a backup internet provider in the event of disruptions.  
Coworking Spaces are adding More Private Offices
There is a general trend towards adding more private offices for coworking members that demand privacy and quiet when holding team meetings or private conversations.
Statistics back this up. In 2018 for example, the share of private offices within coworking spaces rose to 25%, up 6% from 2017. Experts expect these numbers to only grow in 2019 and beyond. 
Still, it’s important to note that, overall, 74% of members still prefer having an open workspace. 
24/7 Access to Coworking Spaces is Important
Currently, the most common amenities that are offered by coworking spaces are:
- Fast, stable internet
- Meeting rooms
- Printer and scanner
- Coffee and snacks
Unfettered access is an important consideration for many members, as echoed by 52% of those surveyed whom prefer having 24/7 access to their coworking space. 
Physical and Mental Wellness is the New Focus
To improve member experience, AllWork found that more coworking establishments are now offering amenities which focus on physical and mental wellness due to high demand. This includes:
- Yoga spaces
- Standing desks
- Ergonomic chairs
- Healthy snacks and curated beverages
- Climbing walls
- Meditation rooms
In one survey, 70% of participants prefer having an ergonomic chair, but only 36% report having ergonomic chairs in their coworking space. 
Coworking in the US
The boom of the coworking industry can be seen domestically in the US as well.
Coworking continues to grow in the US
Coworking members in the US were numbered at 542,000 in 2017. This is forecast to double to 1.08 million in 2022. 
Meanwhile, the number of coworking spaces in the US is projected to reach 6,219 in 2022, from 2017’s 4,043 coworking spaces.
Some US metros are embracing coworking more than others.
Manhattan is leading in terms of coworking space at 7.7 million square feet and 245 locations. This is followed by Los Angeles, which boasts 3.7 million square feet of coworking space and 158 locations. 
The Inland Empire and San Antonio have the least number of coworking space at 123,000 and 194,000 square feet respectively. 
The average monthly rate for coworking space varies from State to State.
Washington D.C. has the highest average monthly rate for coworking space at $843, followed by New York at $753.
Houston has the lowest average monthly rate for coworking spaces at $220, followed by Dallas at $262. 
52% of the coworking spaces in the US are profitable while 31% are breaking even. 
Challenges Faced by Coworking Operators
Coworking operators face various challenges from the moment they decide to open a coworking space to profitability.
Profitability increases with more Members
Only 42% of coworking spaces worldwide are profitable while 33% are breaking even.
These numbers improve significantly for coworking spaces with lots of members. 81% of coworking spaces with at least 200 members are profitable while 13% are breaking even. 
A 2018 report by Cushman and Wakefield showed similar numbers, stating that 70% of coworking spaces in the world with at least 200 members are profitable.
32% of this profit comes from renting desks, while 27% of the revenue derives from renting private offices. 
The biggest expense for coworking spaces continues to be rent
In terms of expenses for coworking operators, not surprisingly, the number one largest expense is rent.
70% of coworking space locations are rented or leased, and as such, constitutes 38% of coworking space operators’ expenses.
This is followed by staff wages and operating costs, each one accounting for 17% of the expenses. 
Attracting new members remain the top challenge for Coworking Operators.
In 2018, 50% of coworking spaces reported attracting new members as a major challenge. This is followed by the general workload and the rental prices of the real estate market. 
To gain more members, having a website or a social media page is important, since 23% of coworking members find their chosen locations using the Internet. However, word of mouth still tops this at 33%. 
- Coworking growth 2019 through 2022 PDF
- “Shared Space: Coworking’s Rising Star.” February 08, 2018, https://www.cpexecutive.com/post/shared-space-coworkings-rising-star/
- “Number of People Working in Coworking Spaces in the United States from 2015 to 2022.” 2019, https://www.statista.com/statistics/797564/number-of-people-working-in-coworking-spaces-us/
- “Steady Growth of Flexible Office in Top US Markets.” Q4 2017, https://liquidspace.com/flexible-office-reports/q4_2017
- “GCUC 2018 Global Coworking Survey.” February 22, 2018, http://www.deskmag.com/en/background-of-the-2018-global-coworking-survey-market-research
- “Coworking for Introverts & Extroverts.” October 09, 2018, http://www.deskmag.com/en/coworking-spaces-for-introverts-extroverts-ambiverts-member-report-study-1014
- “CHINA SETS “MAIN STAGE” FOR GLOBAL COWORKING EVOLUTION”, July 09, 2018 https://allwork.space/2018/07/china-sets-main-stage-for-global-coworking-evolution/
- “The Importance of the Social Side of Coworking”, January 17, 2018, https://www.smallbizlabs.com/2018/01/the-social-side-of-coworking.html
- “2018 Complete Coworking Forecast.” February 22, 2018, https://www.deskmag.com/en/1-7-million-members-will-work-in-coworking-spaces-by-the-end-of-2018-survey
- “Member Demographics: Members of Coworking Spaces – Part 1.” September 22, 2017, https://www.slideshare.net/carstenfoertsch/members-of-coworking-spaces-demographic-background-global-coworking-survey-80058366
- “Ultimate Member Data: Utilization of Coworking Spaces.” October 17, 2017, https://www.slideshare.net/carstenfoertsch/utilization-of-coworking-spaces-members-of-coworking-spaces-part-2-of-2-80912960
- “Coworking Spaces are Human Spaces.” May 12, 2015, https://www.smallbizlabs.com/2015/05/coworking-spaces-are-human-spaces.html
- “The Members: Who Works in Coworking Spaces?” 2017 http://www.deskmag.com/en/members-of-coworking-spaces-demographics-statistics-global-survey-coworkers-research-2017
- “The 2018 State of Coworking Spaces” 2018 http://www.deskmag.com/en/the-state-of-coworking-spaces-in-2018-market-research-development-survey/2
- “2018 Global Coworking Forecast: 30,432 Spaces and 5.1 Million Members by 2022.” December 18, 2017, https://gcuc.co/2018-global-coworking-forecast-30432-spaces-5-1-million-members-2022/
- What is driving the growth of co-working space in India? March 6th, 2019 https://www.financialexpress.com/money/what-is-driving-the-growth-of-co-working-space-in-india/1506720/
- First results of Global Coworking Survey Nov 3rd, 2011,http://www.deskmag.com/en/first-results-of-global-coworking-survey-171