Globally, over the past decade coworking has increased in popularity year on year. From just a handful of spaces worldwide in 2005 to 7,800+ in 2015. Over half a million people work in a coworking space around the world.
Here are some facts and figures from the 2015 Global Coworking Survey:
- In 2014-2015 the number of coworking spaces worldwide grew by 36%
- 85% of coworking space operators would welcome more spaces opening around them - the market is not saturated
- The average number of members per space has increased
- 70% of members feel “connected” to their space. 30% feel “strongly connected”
- There is a high level of trust between members
- 75% of respondents work 3 days per week in their space, up from 2 days in previous surveys
- 70% of coworking spaces do not apply membership eligibility criteria
- 65% of operators have alternate income sources
- 67% of operators are motivated to improve the working lives of other people
- The most common lease signed by an operator is 5 years
- Increased rent at lease renewal is a common cause for spaces closing
- 1 in 7 coworking spaces have leases expiring in the next 12 months.
- Most coworking spaces are in buildings more than 50 years old.
- 80% of spaces expect an increase in membership numbers in 2016.
- 61% of coworking spaces are planning to expand
- 66% want to open a second space
- 80% of coworkers plan to stay in their space for at least the next year
- 15% of coworkers use more than one space. These are usually people who travel frequently