With coworking gaining popularity, more people are asking the question: What exactly are coworking spaces? In this detailed piece, we’ll go over the basic elements of coworking spaces and the best way to select an appropriate one (some things to be looking for, and some to avoid) What kinds of people would benefit from this kind of space, as well as discuss any other questions you’re contemplating.
What Is a Coworking Space?
In general, the meaning of coworking is when individuals gather in a neutral area to work in a group on various projects, or to work in groups working on the same project. It is different from a traditional workplace because the individuals who work in a coworking setting typically aren’t employed by the same business. Coworking spaces provide all the amenities you’d have in a traditional office and numerous others. The main difference is that you don’t have to contract a long-term lease with coworking spaces. Each coworking space will provide basic facilities like printers, WiFi typically, some kind of conference space… And certain spaces will have coffee, tea, and food items available. There are some that offer startups’ resources available that range from digital assets even advisors and coaches. There are some that offer 3D printers, as well as other technology that you might not get access to. A few coworking spaces that are budget-friendly are more basic, with only WiFi and a desk. Wikipedia: Coworking refers to the scenario where multiple employees from different firms use the same office space, which allows efficiency and cost reduction using a shared infrastructure, including the equipment, utilities, receptionist, and custodial service.
Key Coworking Growth Statistics
Coworking space around the world is predicted to rise to nearly 20,000 by 2020. The amount of coworking spaces in the world is predicted to double in 2024 and eventually surpass 40000. In 2022 13% of all businesses that are not located in the US will use co-working spaces that share workplaces. More than three million colleagues in the world in the year 2019. This number is expected to nearly double by 2022. Prior to the outbreak co-working spaces were the fastest-growing workplace space within commercial real estate. Although they’re currently less than 5percent in the overall market, they’re projected to be 30 percent in 2030 (CNBC). Flexible office space has grown by an average of 23 percent since the year 2010 (JLL). Today, the 10 biggest companies offering coworking and flexible office spaces comprise 36 percent in the overall market (Forbes). New York and London are the world’s leading cities when it comes to new spaces opening up. Want to know more about coworking statistics? Take a look at our complete guide to the most important coworking statistics for 2020.
