Trying to stay updated on coworking industry stats? Smart move. Knowing how coworking spaces are evolving can help you see where your coworking business stands.
The challenge? There’s a lot of information out there. A quick Google search for “coworking statistics” pulls up over 6 million results in less than a second. Sounds helpful, but…
Here’s the problem: A lot of the data floating around is outdated. Some reports still use numbers from five years ago! Given how much the coworking industry has changed in the last few years, relying on old data can give you the wrong picture of where the industry is headed and how you should adapt.
Instead of sorting through endless reports, we’ve gathered the most important coworking stats and trends so you don’t have to. Let’s explore what they mean for your coworking business.
Guide to coworking statistics
Key coworking industry statistics
- The global coworking market was valued at $22.01 billion in 2024 and is expected to grow to $82.12 billion by 2034, with a 14.1% annual growth rate (Market Research Future, 2024).
- Flexible workspaces are becoming more popular, as 59% of businesses plan to expand office space through coworking in the next two years (WeWork Business Leader Survey, 2024).
- Corporate use of coworking is increasing, making flexible workspaces an essential part of hybrid work. However, freelancers and startups continue to be key users, with their presence expected to grow significantly from 2024 to 2030 (Grand View Research, 2024).
- The industry is led by major coworking providers: Regus (IWG), the largest coworking operator with 1,018 locations in the US, and WeWork, one of the most recognized coworking brands worldwide (Coworking Cafe National Report, 2024).
- By the end of 2024, the US had 7,695 coworking spaces, a 2% increase from Q3 (Coworking Cafe National Report, 2024).
- As of late 2024, the UK and Ireland had 3,326 coworking spaces (CoworkingCafe UK & Ireland Report, 2024).
- Nearly half of the surveyed coworking spaces struggle to turn a profit, with 25% reporting losses (Global Coworking Survey, 2023). Only 20% of coworking spaces in Germany are profitable (Deskmag, 2024).
The current state of the coworking industry — statistics
Coworking spaces are expanding at a steady pace. In 2024, the global coworking market was worth $22.01 billion, and it’s expected to reach $25.11 billion by 2025. By 2034, experts predict it will grow to an incredible $82.12 billion, with a strong yearly growth rate of 14.1%.
Other studies estimate the market will be worth $51.42 billion in 2029 and $40.47 billion by 2030 (growing at 15.7% per year). These numbers show that coworking spaces are not just a trend — they are here to stay and will play a key role in the future of work.
Why are coworking spaces growing?
Several key factors drive the rise of coworking spaces:
- More freelancers and startups: The number of independent workers is growing worldwide. Many freelancers and startups prefer coworking spaces because they offer affordable, flexible office solutions without long-term contracts.
- Hybrid and remote work boom: Since COVID-19, many companies have adopted hybrid work models, allowing employees to split their time between home and the office. Businesses are turning to coworking spaces instead of leasing traditional office spaces for flexibility, cost savings, and access to high-quality work environments.
- Big companies are joining in: It’s not just startups — large corporations are also using coworking spaces for their remote teams, satellite offices, and short-term projects.
- Cost savings: Renting an office is expensive, especially in big cities. Coworking spaces provide a cheaper alternative with different amenities like WiFi, meeting rooms, and printing services.
- Government support: Some governments encourage coworking spaces as a way to support entrepreneurs and small businesses.
- Technology upgrades: Many coworking spaces are investing in smart technology, including coworking management software, automated access control, and visitor tracking systems, which automate daily operations and help run spaces efficiently.
Stats on key players in the coworking industry
The coworking industry is dominated by the largest coworking brands, each offering unique office solutions. Globally, some of the biggest coworking providers include:
- WeWork – One of the most well-known coworking brands worldwide.
- International Workplace Group (IWG) – Parent company of Regus and Spaces.
- Impact Hub – Focuses on social impact and innovation.
- The Executive Centre – Premium coworking spaces for professionals.
- Newmark – A growing competitor in flexible office spaces.
- Techspace Group Ltd. – Provides coworking solutions for tech companies.
Regus, owned by International Workplace Group (IWG), remains the largest coworking operator, with 1,018 locations in the US. Other fast-growing coworking brands include Industrious, which grew by 13% in top US markets, and Spaces, which expanded by 10% in the last quarter of 2024.
While some brands are expanding, others are facing challenges. WeWork, once a major coworking leader, saw a slight decline (3%) but still operates 148 locations in the US. The coworking market is competitive, and brands must continue innovating to stay ahead.
Coworking industry adoption and demographics stats
Coworking spaces still attract a diverse mix of professionals, including:
- Freelancers – Independent workers who need a professional workspace without high costs.
- Startups & small businesses – New companies that need an affordable, flexible office and networking opportunities.
- Corporations – Large companies using coworking spaces for remote teams, client meetings, and temporary offices.
- Remote workers – Employees looking for a workspace that offers more structure and fewer distractions than working from home.
A recent WeWork survey of business leaders in the US and UK shows that most companies — whether remote, hybrid, or fully in-office — plan to expand their office space in the next two years. However, instead of traditional offices, many are choosing flexible workspaces like coworking businesses.
Back in 2023, corporate teams already accounted for 27.6% of the coworking market, as large businesses turned to these spaces for dedicated offices and high-end work environments.
With remote work losing popularity, businesses are relying on coworking spaces for cost-efficient, flexible, and productive work environments. As companies rethink their office strategies, coworking spaces are emerging as the best solution for the future of work.
Companies are realizing that offices help drive business success. The survey found that:
- 86% of business leaders believe offices will be even more important for company success in the next five years.
- Fully in-office and hybrid companies report higher productivity than fully remote businesses.
- 59% of companies expanding their workspace prefer coworking spaces over traditional offices.
The industries investing the most in coworking spaces are IT and Technology (50%), Financial Services (50%), Construction and property (43%), Energy (43%), Manufacturing (33%), and Business and Professional Services (30%).
At the same time, the number of independent workers using coworking spaces is expected to grow significantly from 2024 to 2030. Many freelancers find it hard to work from home due to distractions or isolation, so coworking spaces offer a productive environment with social interaction and networking opportunities. Speaking of…
The social side of coworking
Coworking spaces offer more than just a place to work; they create an environment that improves productivity while fostering social connections. Many feature amenities like yoga rooms, meditation areas, and quiet zones for breaks, promoting a healthier work-life balance. Some even provide childcare and wellness programs.
However, coworking spaces aren’t always equally accessible. Some high-end locations for coworking spaces come with expensive memberships, making them available only to certain groups. This has raised concerns about coworking spaces contributing to gentrification, as they often replace traditional offices and cater to wealthier professionals.
That said, the best coworking spaces can also bring people from different industries and backgrounds together. Many workers build strong friendships and business connections in these spaces, while others simply enjoy the flexibility of working around others without too much interaction.
Regional coworking statistics and market trends
Coworking spaces are expanding rapidly worldwide, driven by the rise of remote and hybrid work models. The coworking industry is particularly strong in North America, Europe, and Asia-Pacific, with notable growth in emerging markets across Latin America, the Middle East, and Africa. Each region has its unique trends, pricing, and challenges, shaping the coworking industry in different ways.
North America: The largest and most developed market
North America remains the biggest coworking market globally, with the United States leading the way. By the end of 2024, the US had 7,695 coworking spaces, a 2% increase from the previous quarter. Growth was particularly strong in Salt Lake City (+8%), Austin (+5%), and Dallas-Fort Worth (+7 spaces), while cities like Manhattan and Orange County saw slight declines (-1 to -2 %).
Pricing trends in the US have been mixed. Open workspace rates remained stable at $149 per month, with some cities experiencing price drops. Meanwhile, dedicated desk prices stayed at $300 per month, but some locations saw increases, such as Denver and Nashville (+$19 each). Virtual office pricing also remained steady at $120 per month, with Washington, D.C. offering the most affordable rates at $79 per month.
In terms of market size, Los Angeles remains the top U.S. city for coworking, with 292 locations, followed by Dallas-Fort Worth (286), Washington D.C. (277), and Manhattan (273). The total coworking square footage in the U.S. increased by 3 million sq. ft. in Q4 2024 (+3%), with San Diego and Salt Lake City leading the expansion.
Europe: Strong demand and steady expansion
The UK and Germany are Europe’s largest coworking markets, with France and other major cities also seeing steady growth. By the end of 2024, the UK had 3,090 coworking spaces, with London leading at 895 locations. Other top cities include Manchester (78 spaces), Birmingham (55), and Bristol (53). In Scotland, Edinburgh (46) and Glasgow (39) have growing coworking communities, while Cardiff (33) and Belfast (27) represent key hubs in Wales and Northern Ireland. In Ireland, Dublin dominates the coworking market with 120 spaces, accounting for more than half of the country’s total of 236 spaces.
When it comes to coworking prices in the UK and Ireland, they vary by city:
- UK median prices: Dedicated desks cost £210 per month, open workspaces £156 per month, virtual offices £50 per month, and meeting rooms £26 per hour.
- Ireland median prices: Dedicated desks cost €277 per month, open workspaces €200 per month, meeting rooms €30 per hour (CoworkingCafe, 2025).
London remains the most expensive city for virtual offices and meeting rooms (£100 per month and £48 per hour), while Brighton & Hove has the highest dedicated desk rates at £300 per month. In Ireland, Dublin’s dedicated desk rates are €295 per month, slightly above the national average.
Several coworking brands dominate the UK and Irish markets. Regus leads with over 200 locations, followed by Fora, Workspace, Spaces, and The Boutique Workplace Company. In Ireland, Pembr and Iconic Offices focus on Dublin, while Regus has locations nationwide.
Coworking spaces in Germany, on the other hand, are becoming more popular, with nearly two-thirds of available space currently occupied. Larger locations (over 500 square meters) are doing even better, with 75% occupancy, while smaller spaces still struggle with vacancies. Event and meeting spaces are in high demand, especially after the decline in usage during the COVID-19 pandemic.
Despite increasing occupancy, coworking profitability remains a challenge. Only 20% of coworking spaces in Germany were profitable in 2023, while 42% just covered their costs. The main challenges include high rent and energy costs, which are particularly hard for small coworking spaces that fear losing members if they raise prices.
Asia-Pacific: The fastest-growing market
Asia-Pacific is one of the fastest-growing coworking regions, led by India, China, Japan, and Australia. These countries are seeing a huge demand for flexible workspaces as more businesses embrace hybrid work models. India, in particular, is emerging as a key player in the global coworking industry, with strong government support for startups and small businesses.
China and Japan have well-established coworking markets, especially in major business hubs like Shanghai, Beijing, Tokyo, and Osaka. Australia also shows steady growth, with Sydney and Melbourne leading the market.
Latin America: Steady growth and increased adoption
Latin America’s coworking industry is growing steadily, with Brazil leading the market. Mexico and Argentina are also seeing increased adoption of coworking, particularly among startups and small businesses looking for cost-effective office solutions.
Middle East and Africa: Emerging markets with growth potential
The Middle East and Africa are emerging coworking markets, with Dubai, Riyadh, and Johannesburg leading the way. Many coworking spaces in these regions focus on premium office setups for corporate clients and support local entrepreneurs and startups. The United Arab Emirates (UAE) has seen significant coworking expansion thanks to government incentives for flexible workspaces.
Top challenges for the coworking industry
The coworking industry is booming, but it’s not without challenges:
1. Coworking profitability struggles
One of the biggest challenges for coworking spaces is turning a profit. While demand for flexible workspaces is increasing, many coworking spaces are barely breaking even or losing money. The Global Coworking Survey shows that nearly half of the surveyed coworking spaces struggle to turn a profit, with 25% reporting losses.
Several factors make it difficult for coworking spaces to be financially stable:
- High rent & operating costs: Commercial real estate prices continue to rise in major cities, making it expensive to rent and maintain coworking spaces.
- Energy & utility bills: Keeping the lights on, running high-speed internet, and maintaining common areas can be costly.
- Membership prices: Many coworking spaces hesitate to raise prices for fear of losing members, which limits their ability to cover expenses.
To survive, coworking spaces must find ways to increase revenue without pricing out their customers. This could mean offering additional services like private or virtual offices, event spaces, business support, and wellness programs.
💡 If that sounds like something you might be interested in, here’s our guide to increasing coworking profitability →
2. Competition is heating up
With more coworking spaces opening every year, competition is getting tougher. Big brands like WeWork, Regus, and IWG dominate the market, making it difficult for small, independent coworking spaces to attract members.
Corporate coworking chains have the advantage of scalability — they can offer consistent services, premium office locations, and competitive pricing that smaller spaces may struggle to match. Meanwhile, many landlords are converting vacant office spaces into coworking hubs, increasing competition even further.
To stay competitive, independent coworking spaces need to differentiate themselves by offering unique experiences, such as:
- Industry-specific coworking (e.g., tech-focused, creative hubs, healthcare coworking spaces).
- Community-driven spaces with networking events, workshops, and mentorship programs.
- Wellness and lifestyle integration include yoga studios, meditation rooms, and on-site cafés.
3. Finding and retaining members
Coworking spaces rely on consistent membership numbers to stay profitable, but attracting and keeping members isn’t always easy. Word of mouth remains the most effective way to gain new members. However, many coworking spaces struggle with member retention, especially in areas with low population density or high competition.
Additionally, the rise of hybrid work models means that some professionals only use coworking spaces part-time, making it harder to predict revenue. Many coworking spaces now offer flexible membership plans (e.g., pay-per-day options, part-time passes, or bundled packages) to adapt to changing work habits.
4. Economic uncertainty and real estate challenges
The coworking industry is closely tied to economic conditions and real estate trends. Coworking spaces will struggle to keep costs low if office space rental prices increase. On the other hand, landlords might convert office buildings into coworking spaces if too many vacant commercial properties flood the market and make competition even tougher.
Additionally, economic downturns can affect businesses’ ability to pay for coworking memberships. Startups, small businesses, and freelancers — a big part of the coworking community — are often the first to cut expenses during financial struggles. This means coworking spaces must balance affordability while staying profitable.
The future of coworking: What’s next in 2025 and beyond
The future of coworking spaces is full of possibilities. Whether they become standardized corporate hubs or unique, community-driven workspaces, one thing is clear — coworking is here to stay.
Standardization vs. specialization
As coworking spaces grow, experts predict two possible paths for the industry: homogenization or differentiation:
- If large coworking companies like WeWork, Regus, and IWG continue to dominate, coworking spaces may become more corporate and uniform. These spaces will focus on business clients, offering consistent coworking space designs, amenities, and services across locations. While this standardization could make coworking more accessible to big companies, it may reduce variety and flexibility for freelancers and smaller teams who prefer unique, community-driven spaces.
- On the other hand, coworking spaces might become more diverse and specialized, adapting to local needs, industries, and work styles. Independent coworking spaces could grow, offering customized environments for creatives, tech startups, or remote workers. There is a growing trend toward niche coworking spaces that cater to specific industries, such as Med-Tech or fashion, fostering collaboration and networking within specialized sectors.
Coworking spaces as the future of work
Instead of requiring employees to return to a central office, many businesses are choosing coworking spaces as flexible satellite offices. This shift is influencing hybrid work policies, with some companies offering coworking memberships as part of their benefits package.
At the same time, real estate trends will impact the coworking industry. As landlords struggle with vacant office buildings, they may convert traditional office spaces into coworking hubs. This could reduce coworking costs in some areas, making flexible workspaces more accessible. However, if real estate prices remain high, coworking spaces might struggle to stay affordable for freelancers and small businesses.
The role of community in coworking spaces
Coworking spaces have always been seen as places for collaboration and networking, but not all spaces automatically create a strong sense of community. In many cases, community managers actively curate interactions, choosing which events, networking opportunities, and social activities to promote. This can be great for some workers but also exclude certain groups or reinforce social divisions.
The challenge for the future is ensuring coworking spaces remain inclusive and accessible to a diverse range of people. If prices continue to rise, coworking could become a luxury reserved for well-paid professionals, leaving out freelancers, early-stage startups, and lower-income workers who also need flexible work environments.
A summary of the most recent coworking statistics
Here are all the key coworking statistics mentioned in the article:
📊 Industry growth & market value
- The global coworking market was valued at $22.01 billion in 2024.
- It’s expected to grow to $25.11 billion in 2025 and $82.12 billion by 2034, with a 14.1% annual growth rate.
- Other estimates predict the market will be worth $51.42 billion in 2029 and $40.47 billion by 2030, growing at 15.7% annually.
🏢 Number of coworking spaces
- The US had 7,695 coworking spaces at the end of 2024, up 2% from Q3.
- The UK and Ireland had 3,326 coworking spaces by the end of 2024.
- Los Angeles has 292 coworking spaces, Dallas-Fort Worth has 286, Washington, D.C. has 277, and Manhattan has 273.
🧑💼 Coworking users & adoption
- 59% of companies plan to expand office space through coworking in the next 2 years.
- In 2023, corporate teams made up 27.6% of the coworking market.
- 86% of business leaders believe offices will be more important for success in the next 5 years.
- 59% of businesses expanding their workspace prefer coworking over traditional offices.
💼 Industry breakdown
Industries investing most in coworking:
- IT & Tech: 50%
- Financial Services: 50%
- Construction: 43%
- Energy: 43%
- Manufacturing: 33%
- Business & Professional Services: 30%
💸 Pricing trends
- US average pricing:
- Open workspace: $149/month
- Dedicated desk: $300/month
- Virtual office: $120/month
- UK average pricing:
- Dedicated desk: £210/month
- Open workspace: £156/month
- Virtual office: £50/month
- Meeting room: £26/hour
- Ireland average pricing:
- Dedicated desk: €277/month
- Open workspace: €200/month
- Meeting room: €30/hour
- Brighton & Hove: highest UK dedicated desk rate at £300/month
- Dublin: dedicated desk rate at €295/month
📉 Profitability & challenges
- Nearly half of coworking spaces struggle to turn a profit.
- 25% of coworking spaces report losses.
- In Germany:
- Only 20% of spaces are profitable.
- 42% break even.
- Larger coworking spaces (500+ sqm) have 75% occupancy.
Coworking statistics FAQ
Coworking spaces can definitely be successful because they offer flexible, affordable workspaces for freelancers, startups, remote workers, and big companies. As hybrid and remote work grows, so does demand. The industry is booming and could reach $82.12 billion by 2034. However, many spaces struggle with high rent and costs, making profitability a challenge.
Coworking spaces attract freelancers, startups, remote workers, and corporate teams looking for flexible and affordable offices. Many freelancers and small business owners choose them for networking and cost savings, while remote workers use them to separate work from home life. In recent years, big companies have also joined in, with 27.6% of users in 2023 coming from corporate backgrounds. Large businesses use coworking spaces for remote teams, satellite offices, and short-term projects.
Coworking spaces are growing fast! In 2024, the global market was valued at $22.01 billion, and experts expect it to grow to $25.11 billion by 2025. Looking ahead, the industry could reach $82.12 billion by 2034, growing at a steady 14.1% per year. Another study predicts it will hit $40.47 billion by 2030, with an even faster yearly growth rate of 15.7%.
Article sources:
- Coworking Spaces Market Research Report from Market Research Future
- Coworking Space Global Market Report 2025, The Business Research Company
- Coworking Spaces Market Growth & Trends by Grand View Research
- WeWork Business Leader Survey 2024
- Coworking Cafe National Report 2024
- Working in the comfort zone: Understanding coworking spaces as post-digital, post-work and post-tourist territory by Karin Fast & André Jansson
- Coworking spaces for remote workers: an inclusive solution? Advantages and challenges from affiliated workers’ perspectives by Giuseppina Dell’Aversana & Massimo Miglioretti
- Coworking spaces and workplaces of the future: Critical perspectives on community, context and change by Jennifer Johns, Edward Yates, Greig Charnock, Frederick Harry Pitts, Ödül Bozkurt, Didem Derya Ozdemir Kaya
- Coworking Price Report 2025 from Coworking Cafe
- Coworking Cafe’s UK & Ireland Report 2024
- The German Coworking Market in 2024 by Deskmag
- Deskmag’s Global Coworking Survey 2023
- The 2025 Coworking Megatrends: A Renaissance in the Making by Liz Elam
Berenika Teter
Archie's Content Manager, fueled by filter coffee and a love for remote work. When she’s not writing about coworking spaces and hybrid workplaces, you can probably find her exploring one.
