Coworking in numbers
Coworking became a global phenomenon in 2010, but in recent years the cowork industry has exploded. Coworking became an attractive concept because back when it first started to appear, it countered the pejorative views of the traditional office. If we look back to just a few years ago, coworking was considered to be a “movement” or a trend, with many believing it would fade away.
In 2019 coworking is a full-blown industry that has become the new norm
Our coworking space in Athens Greece CoWork.gr offers an environment conducive to innovation, collaboration, and productivity . Our coworking office in Athens Greece CoWork.gr implemented a human approach to workspace design.
How many coworking spaces are there in the world?
-The number of coworking spaces worldwide in 2018 doubled from 2015’s total.
-There are currently 14,411 coworking spaces in the world today.
-There will be 21,306 coworking spaces worldwide by the end of 2019.
- 43 % expected growth of coworking spaces between 2019 and 2022.
How much real estate space is allocated to coworking spaces in the world ?
-Coworking spaces have disrupted and revolutionized the office real estate market.
-Coworking space in retail properties will grow at a rate of 25% annually through 2023 and reach approximately 3.4 million sq ft.
-Coworking spaces will represent between 5% and 10% of office inventory in various markets
-There are at least 20 markets with over 500,000 sq. ft .of coworking spaces.
-By 2020 50% of large companies will have some form of shared office space
-Coworking has taken Asia by storm, leasing more than 8 million sq. ft over the last two years
-The coworking workspace market stock in Asia grew 150% from 2014 to 2017.
-China, Singapore, and India have experienced industry growth for cowork offices of over 15%.
-Coworking spaces now take up 27million sq. ft. of open space offices and private office space across the US
-The amount of coworking space in Manhattan is 8 million sq. ft
-Coworking spaces accounted for nearly 10% of leasing volume in New York in the first half of 2018.
-The amount of coworking space in Chicago has risen to 2.6 million sq. ft, equivalent to a 250% increase over the past four years.
Cowork workspaces currently occupy 10.7 million sq ft across central London- a 25% increase in the past two years.
Greece has only just caught up with this international trend with only a handful of coworking spaces in Athens mainly.
For coworking in Greece at CoWork.gr -Saronikou33 offers coworking offices in Athens with 5 star facilities and breathtaking views of the Mediterranean sea . Our new project CoWork.gr -Plastira42 will be opening soon - Coworking space in Athens Greece 10 minutes from the Athenian Riviera for those looking for an exciting experience!
How many coworking members are there in the world?
-The number of coworking members will rise to 3.8 million by 2020 and 5.1 million by 2022..
-By 2022, there will be over one million coworking members in the U.S. alone.
-The potential market size for the coworking segment across India currently stands in the range of 12-16 million
-By 2020, 40 percent of coworking members will be freelancers, independent contractors and part-time workers. Coworking members include almost everyone from the usual digital nomads, and startups to small businesses ,multinationals and corporate professionals like healthcare workers and lawyers .
Coworking is the future
-76% of coworking members plan to remain users of coworking spaces in 2019
-83% of users of coworking spaces claim to have benefited from these new work environments over the last 5-10 yearsand are more engaged ,motivated and happier
The numbers prove that coworking works.
At our professional work space in Athens Greece CoWork.gr we contribute to the coworking revolution -the new way people use and lease office space .