Co-Working

Essential Coworking Statistics to Know in 2023

Over the last two decades, coworking spaces have taken over the world. Coworking offers a place where freelancers, consultants, start-ups, and large corporations can all work under the same roof.

Over the last two decades, coworking spaces have taken over the world. Coworking offers a place where freelancers, consultants, start-ups, and large corporations can all work under the same roof. Many find that this sort of collaborative work environment is intellectually stimulating and helps them get more done. As the American work culture becomes more and more flexible and entrepreneurial, coworking spaces will only become more popular. Here are some of the essential coworking statistics you need to know in 2023.

General Coworking Statistics

How many coworking spaces are in Canada?

There are currently 617 coworking spaces in Canada. Several large corporations have already stated their intentions, setting the tone for the discourse in North America.

The co-working trend has evolved into a transformative force in the Canadian corporate scene. New work patterns are in demand, and many flexible office operators are gaining a foothold in the lease market. Co-working real estate alternatives are reshaping other key markets in Canada. Since 2017, the flexible footprints of Calgary, Ottawa, and Vancouver have grown by more than 80%.

How many coworking spaces are in the United States?

According to our coworking statistics, in 2019, there were a total of 19,400 coworking spaces in the world. Only about 6,200 of those offices are located in the United States. Asia-Pacific, which includes China and India, is the world’s largest coworking region.

The total number of coworking spaces is expected to increase to 42,000 by 2024

Average coworking space size

The average size of a coworking space varies between countries and continents. North America has, by far, the largest average coworking space size. Average coworking spaces in North America are about 9,799 square feet and fit about 100 people.

By region:

North America: 9,799 square feet and 100 people
Asia: 8,101 square feet and 113 people
Central America: 6,719 square feet and 59 people
Africa: 6,312 square feet and 86 people
Europe: 6,131 square feet and 61 people
Oceania: 3,960 square feet and 83 people
South America: 3,955 square feet and 53 people

How many companies use coworking spaces?

The number of companies that use coworking spaces continues to grow every year, although there are no current statistics as to how many discrete businesses actually use coworking spaces at this time. However, trends demonstrate that it’s not just small and medium-sized businesses: large corporations are also taking advantage of the coworking trend, including Airbnb and Amazon.

Small businesses, solo entrepreneurs, and freelancers continue to use coworking spaces the most. Freelancers make up 41% of coworking space users.However, according to the most recent numbers, 36% of employees at corporations are using coworking spaces on a regular basis. In the coming years, 40% of the growing demand for coworking spaces is expected to come from larger corporations.

Coworking statistics by demographics

How many people use coworking spaces?

By the end of 2022, there were over 3.1 million people using coworking spaces around the world. Coworking Resources estimates that that number will be nearly 5 million people. While millions of people continue to benefit from shared office space, the COVID pandemic has slowed the tremendous growth rate coworking spaces were experiencing.

What is the male to female ratio in coworking spaces?

The latest global coworking numbers indicate that women slightly outnumbered men in coworking spaces: as of 2019, they just crossed the 50% threshold. Interestingly enough, coworking space owners and users actually estimated that women only made up 40% of their client base. This may be attributable to women using coworking space less frequently, across all weekdays–or it could be the still-prevalent attitude that coworking spaces are male-dominated.

Which sector of coworking professionals are expected to grow the most in 2023?

Surprisingly, hair and beauty coworking locations are expected to grow significantly in 2023. Instead of renting a chair or getting hired at a traditional salon, hair and beauty coworking spaces are starting to pop up in more locations. This offers the benefit of working in a professional environment on a freelancer’s schedule, without the hassle of traveling to others’ homes, starting your own salon, or working for someone else.

How old is the average coworking space member?

The average coworking space user is 36, which is on par with generational data: 62% of users are Millennials or Gen Z, 33% are from Gen X and just 5% are Baby Boomers. Whether this is due to the fact that Boomers are more likely to work traditional office jobs, that younger generations are more likely to embrace remote work, or because technology workers make up the majority of coworking space users, the younger you are, the more likely you are to consider coworking.

Which industries use coworking spaces the most often?

As of 2019, 35% of coworking space members are in the technology sector. Management and advisory jobs came a distant second at 14%, finance workers at 12% and media at 10%. While technology is still the primary industry within coworking spaces, experts expect that other sectors will gobble up a bigger market share in the coming years.

Coworking statistics over time

How have coworking spaces grown over time?

The number of coworking spaces in 2007 was just 14. By 2017, there were over 4,000, and today, there are over 19,400 in the United States alone. While the global COVID-19 pandemic temporarily reduced the number of coworking spaces, the sector is expected to bounce back and grow further over the coming years.

How many people use coworking spaces as compared to previous years?

In 2015, about 331,000 people in the United States used coworking spaces. By the end of 2022, that number had jumped to 1.08 million in the United States alone–and 3.1 million worldwide. The numbers are expected to grow, particularly with the increased focus on remote work and flexible schedules.

Coworking benefit statistics

How many people feel their work product has benefited from coworking spaces?

According to the Global Coworking Conference Unconference’s 2015 study (the most recent numbers), coworking spaces have real benefits. 84% of workers said they were more engaged and motivated when coworking, while 67% said coworking improved their professional success. 69% said they feel more successful since joining a coworking space. Whether that’s due to fewer distractions, a lower likelihood of office politics, or other factors, this is a significant benefit.

How does coworking affect networking and skills?

One of the downsides to coworking is the fact that it might be harder to improve your professional network and learn new work skills outside of a traditional office or industry environment. Surprisingly, that does not seem to be the case: 82% of users said coworking has actually expanded their professional networks, and 80% said they turn to other coworking members for help or guidance when needed.

When it comes to learning new skills and growing in their jobs, 69% reported they learned new skills, and 68% said they improved their existing skill sets. Those are fairly strong professional development and networking trends. In other words, neither your work nor your network will suffer if you choose to use coworker spaces.

How happy are coworking space members?

Finally, coworking spaces have a significant positive effect on mood and socializing. 87% of coworking space users report they meet other members for social reasons, and 54% said they socialize with other members after work or on weekends. But even better, 89% of users said they’re happier, and 83% said they’re less lonely, which indicates coworking addresses the loneliness and isolation that can accompany remote work.

Discover the benefits of coworking for yourself

The benefits of joining a coworking space are clear: not only is it a positive social environment, but the majority of users are pleased with how coworking improves their skill sets and networking opportunities. A sense of community is especially helpful, whether you’re renting a solo desk or working with a few local coworkers.

Because there are fewer distractions than there are at home, like caring for children or doing chores, coworking is a great solution for remote workers to increase their productivity and motivation.

Coworking is also a great way for companies to save money. For example, when multiple businesses share the same office space, they save on startup and labor costs like office machinery, reception, computers, break room space and more.

Ultimately, however, the biggest benefit of coworking spaces is the flexibility. Whether you’re renting a single desk for yourself or several rooms for your startup, you’re not locked into a long-term lease. If coworking doesn’t work for you or your employees, you’re free to cancel your membership and find a new solution. Plus, if you find a 24/7 coworking space near you, you and your colleagues can enjoy the benefits of a flexible day-to-day schedule.

Coworking provide you with a great chance of networking, creating connections and broadening your leads. Either you are a entrepreneur, corporation, digital nomad or a freelancer working on your projects – networking is the key to success.

At West Quay Offices, you may have your own & secured private office if you need, top-speed fiber internet connection, brand-new furniture, access to member benefits, community boards and events.

We know it so well that your time is the biggest investment. That’s why we will be collaborating on many things together, to create more time for you.

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