Learn about the global Coworking Space market through The Business Research Company, which provides information on coworking space market size, coworking space market drivers and restraints, coworking space market players, the COVID-19 impact on the coworking space market, and more.

The global coworking space market size is expected to grow from $13.60 billion in 2021 to $16.17 billion in 2022 at a compound annual growth rate (CAGR) of 18.9%. The growth in the coworking space market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The coworking spaces market is expected to reach $30.36 billion in 2026 at a CAGR of 17.0%.

The rise in the number of startups across various industries globally increased the demand for coworking spaces, driving the market during the forecast period.

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The coworking spaces market consists of coworking space rental revenues earned by entities (organizations, sole traders and partnerships) that provide coworking workspaces on rent or lease. Unlike traditional office rental, the cost of renting coworking workspaces usually covers the use of related services/equipment such as office chairs and desks Internet/Wi-Fi connection, hardware, software, and others. The industry includes businesses that offer non-residential structures with amenities and facilities on a flexible rental basis.

Global Coworking Space Market Segments Include:

By Business Type: Open/ Conventional Coworking Spaces, Corporate/ Professional Coworking Spaces, Others

By End Use: Finance, Legal Services, Marketing, Technology, Real Estate, Consulting Services, Others

By User: Enterprises, Freelancers, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the coworking space market in 2021.

The development of sustainable coworking spaces is a major trend shaping the coworking spaces market. Coworking spaces are implementing eco-friendly measures in the workplace to attract entrepreneurs concerned with environmental issues such as global warming. Sustainable practices adopted by the coworking space providers offer substantial benefits and are economically feasible.

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Major Market Players: Wework, Regus Corporation (IWG Plc), Mix Pace, Knotel Inc., SimplyWork, District Cowork, Premier Workspaces, Krspace, Convene, Servcorp Limited, Novel Coworking, TechSpace Inc., SOMAcentral, HackerLab, Industrious, UCOMMUNE, Your Alley, Impact Hub, Serendipity Labs, Make Office, Green Desk, Venture X, Office Evolution, CommonGrounds Workplace and Intelligent Office and Studio.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Coworking Space Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides coworking space market overviews, analyses and forecasts market size, share, coworking space market players, coworking space market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s coworking space market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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