- Originally published: March 5, 2025
- Last updated: June 11, 2025
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Here’s the problem: A lot of the data floating around is outdated.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, coworking 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.
What are the demographics of coworking spaces?
While there hasn’t been a ton of new data recently, some key trends still hold true. The average coworking member is around 36 years old, and Millennials (those aged roughly 27 to 42) make up the majority, about 61%. Women now make up nearly half of coworking users, with their share steadily growing over time. On the education side, around 80% of members have a college degree, though that number is slowly going down as coworking becomes more inclusive and draws in younger workers, creatives, and professionals from all walks of life.
Who’s using coworking spaces, and why?
Coworking spaces 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.
The numbers back this up. In 2023, corporate teams made up 27.6% of the coworking market, and the trend is growing. A recent WeWork survey found that most companies, regardless of their work model, plan to expand office space in the next two years, and nearly 60% prefer coworking spaces over traditional leases. Why? Because businesses are rethinking how they work, and coworking offers the flexibility, cost savings, and speed they need.
With economic uncertainty and rising operating costs, many businesses are scaling back traditional expansion plans and focusing on smarter, more agile growth. Coworking fits this new strategy perfectly, offering office space without the long-term commitment.
As for who’s investing the most in coworking, leading the charge are the IT and tech industries (50%), financial services (50%), construction and energy sectors (43% each), and business services (30%).
But coworking isn’t just for businesses. 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 continues to lead the global coworking scene, with the US firmly in the driver’s seat. As of early 2025, there are about 7,840 coworking spaces across the US. That’s a 2% jump in just one quarter and a huge 25% increase compared to early 2024. Together, these spaces now take up around 140 million square feet, or 2% of all office space in the country.
Some cities are growing even faster than others. Southwest Florida saw a big 10% boost in coworking spaces in early 2025, with Brooklyn (+8%), San Antonio (+7%), Salt Lake City (+8%), and Austin (+5%) not far behind. While some areas like Manhattan and Orange County saw a small dip, the overall trend is still pointing up.
Prices have stayed fairly steady across the board. On average, open workspaces cost about $149 per month, while dedicated desks go for $300. Some cities, like Denver and Nashville, did see small price bumps. If you’re looking for a virtual office, you’ll pay about $120 per month — but Washington, D.C. has the lowest rates at just $79.
When it comes to the number of coworking spots, Los Angeles is still in the lead with 292 locations, followed by Dallas-Fort Worth (286), Washington, D.C. (277), and Manhattan (273). With 3 million square feet added in just the last quarter of 2024, it’s clear that coworking is more than a trend.
Europe: Strong demand and steady expansion
Coworking continues to grow steadily across Europe, with the UK and Germany leading the way.
By the end of 2024, the UK had over 3,000 coworking spaces, nearly 900 of them in London alone. Cities like Manchester, Birmingham, Bristol, and Edinburgh are also seeing strong coworking communities pop up. In Ireland, Dublin takes the lead with more than half of the country’s 236 coworking spaces.
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.
Prices for coworking vary depending on the city. In the UK, a dedicated desk typically costs £210 per month, while an open desk averages around £156. Meeting rooms go for about £26 an hour. London is the priciest spot, especially for virtual offices and meeting rooms. Over in Ireland, dedicated desks average €277 per month, with Dublin coming in a bit higher at €295.
Demand for flexible workspaces is especially strong in Central London. Companies are signing bigger deals, and many are now using flex spaces as their main offices.
It’s not just startups either. Big players in banking, energy, and manufacturing are getting on board too. Spaces that offer a good mix of desks and shared areas are doing well, while those with too many meeting rooms risk losing money due to underused space.
In Germany, coworking is also gaining ground. Large spaces (over 500 sqm) are doing particularly well, with about 75% occupancy. However, small spaces are still struggling to stay full. While event and meeting rooms are in high demand again, 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
The Asia-Pacific region is quickly becoming the hottest spot for coworking growth. Countries like India, China, Japan, and Australia are leading the way, thanks to the rising demand for flexible workspaces and the ongoing shift to hybrid work.
India is especially exciting right now, as it’s turning into a major coworking hub, with strong government support for startups and small businesses. China and Japan already have well-developed coworking scenes in big cities like Shanghai, Beijing, Tokyo, and Osaka. Australia is also growing steadily, with Sydney and Melbourne at the center of the action.
In 2023, the Asia-Pacific coworking market was worth about $3.09 billion. By 2030, it’s expected to reach $11.82 billion, growing at a fast pace of around 21% per year. That’s much faster than the global average, showing just how strong demand is in this part of the world. While North America is still the largest coworking market overall, Asia-Pacific is catching up quickly thanks to its rapid expansion and growing appetite for flexible office solutions.
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 use of coworking technology
In 2025, coworking technology is doing way more than just powering the Wi-Fi in shared spaces.
Coworking management software like Archie is helping teams automate things like invoicing, member onboarding, access control, and reporting. Some coworking spaces have saved over 15 hours a week, giving staff more time to focus on members instead of admin.
At the same time, many spaces use AI chatbots to answer questions, schedule tours, and even sell memberships, saving staff time and speeding up response times. AI also helps behind the scenes by studying how people use the space, which has multiple benefits:
Smarter pricing and personalization with AI
Operators are no longer guessing what members want or how much to charge. Instead, they’re using data and AI tools to understand how people actually use the space. This helps them offer more personalized memberships, recommend events people will genuinely enjoy, and even match members with mentors. It’s like giving each person their own tailor-made coworking experience.
One major game-changer is AI-powered pricing. Instead of using static price lists, operators can now adjust prices in real time based on demand. So, when certain desks or rooms are in high demand, prices go up slightly. When things are quieter, prices drop to attract more bookings. According to Flexspace AI, this dynamic pricing model has helped coworking operators boost revenue by over 50%, all without raising prices across the board.
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. In Q1 2025, the US reached 7,840 coworking locations — a 25% year-over-year increase.
- US coworking footprint now totals 140 million sq ft, about 2% of national office space.
- Los Angeles has 292 coworking spaces, Dallas-Fort Worth has 286, Washington, D.C. has 277, and Manhattan has 273.
- Fastest growing cities in Q1 2025: Southwest Florida (+10%), Brooklyn (+8%), San Antonio (+7%).
- The UK and Ireland had 3,326 coworking spaces by the end of 2024.
🧑💼 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.
🧠 Tech & automation in coworking
- AI-powered pricing tools helped some operators increase revenue by over 50%.
- Automation tools save coworking teams 15–20 hours per week.
- 89% of business leaders say personalization powered by tech is key to modern workplace success.
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
- Coworking Cafe Industry Report Q1 2025
- UK Flex Market Update Q1 2025 by CBRE
- Asia-Pacific Coworking Space Market Report
- March 2025 Office Market Report by CommercialEdge
- Coworking Price Report 2025 from Coworking Cafe
- Coworking Cafe’s UK & Ireland Report 2024
- The German Coworking Market in 2024 by Deskmag
- Global Coworking Survey 2023 by Deskmag
- 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
- The 2025 Coworking Megatrends: A Renaissance in the Making by Liz Elam
- 2025 coworking trends: The year AI infrastructure reshapes everything by Flexspace AI
- 2025’s Coworking Trends: Mid-Year Pulse Check On Earlier Predictions by Coworkies
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.
