America Leads The Charge As 6.3M Estimated to Use CoWorking Spaces By 2025

·5 min read

London, UK --News Direct-- Ezra

Research from Ezra, the leading provider of digital coaching, has estimated that by 2025, 6.3m of us will be working from a shared office space, with America already leading the workplace revolution.

Coworking has grown in popularity with providers such as WeWork providing greater flexibility and affordability on a global scale, to companies who might otherwise have been priced out of a city office space.

In the last year alone, the estimated number of worldwide coworking spaces has climbed by 21%, up 42% since 2018 alone. At the same time, demand has also remained robust, with the estimated number of people using a coworking space up by 27% since 2020 and 49% since 2018.

It’s predicted that despite the problems caused by Covid, the prominence of coworking spaces is due to climb at an annual rate of 21.3% a year. Ezra’s research shows that this would push the number of global coworking spaces to over 50,000 by 2025, a 207% increase in just 8 years. It would also mean a 284% increase in the number of us working in a shared workplace, with 6.3m predicted to be doing so by 2025.

America currently ranks as the world’s coworking hotspot, with an estimated 3,762 shared office spaces. Based on the average capacity of 83 people to an office, Ezra estimates that 312,246 Americans currently work within a shared office.

With the average coworking covering 7,308 square foot, that’s 27,492,696 sq ft of shared working space across the United States, again by far the most of any global nation.

Of course, America’s labour force is one of the largest in the world at 146m people, with just China and India home to a larger overall workforce. As a result, America’s current coworking setup could accommodate just 0.21% of its total labour force.

In this respect, Hong Kong is home to the highest level of coworking spaces with enough to currently accommodate 0.58% of the nation’s total workforce, with Portugal (0.49%), Spain (0.41%), Australia (0.39%), Canada (0.28%) and the UK (0.24%) also ranking ahead of the United States.

Founder of Ezra, Nick Goldberg, commented:

“Coworking spaces have become incredibly popular in recent years as they not only provide flexibility and affordability, but also a fresh business culture focussed on accessibility and collaboration. Of course, the pandemic will have caused many to swap their shared workspace for a home office for the short term, but this popularity is expected to keep growing as the world reopens and the way we work continues to evolve.

America is very much the nation leading this workplace revolution with by far the most coworking spaces and the number of those opting to use them. However, this is a trend we’re seeing emerge on a global scale and one that we expect will continue to gain momentum.”

Table shows the current estimated and forecast number of worldwide coworking spaces and users

Year

Estimated number of coworking spaces worldwide

Change (%)

Estimated number of people using coworking spaces worldwide

Change (%)

2018

16,599

N/A

1,650,000

N/A

2019

18,287

10.20%

1,806,750

9.50%

2020

19,422

6.20%

1,933,331

7.00%

2021

23,548

21.20%

2,450,980

26.80%

2022

28,552

21.30%

3,107,230

26.80%

2023

34,619

21.20%

3,939,191

26.80%

2024

41,975

21.20%

4,993,910

26.80%

2025

50,895

21.30%

6,331,030

26.80%

2018 to 2021

6,949

42%

800,980

49%

2018 to 2025

34,296

207%

4,681,030

284%

2022 to 2025 figures forecast based on an expected annual 21.3% growth in coworking spaces and a 26.8% increase in those using them - sourced from coworking resources

Table shows the current estimated number of coworking spaces by nation, capacity, estimated square footage and percentage of labour force

Nation

Estimated number of coworking spaces

Estimated capacity n

Estimated size sq ft

Estimated labour force

Estimated capacity - % of labour force

United States

3,762

312,246

27,492,696

146,128,000

0.21%

India

2,197

182,351

16,055,676

521,900,000

0.03%

United Kingdom

1,044

86,652

7,629,552

35,412,000

0.24%

Spain

939

77,937

6,862,212

19,057,000

0.41%

Germany

791

65,653

5,780,628

44,585,000

0.15%

Canada

617

51,211

4,509,036

18,136,000

0.28%

Australia

590

48,970

4,311,720

12,568,000

0.39%

Mexico

508

42,164

3,712,464

50,914,000

0.08%

Japan

411

34,113

3,003,588

66,540,000

0.05%

Brazil

393

32,619

2,872,044

86,621,000

0.04%

Philippines

368

30,544

2,689,344

41,533,000

0.07%

Malaysia

364

30,212

2,660,112

15,139,000

0.20%

France

339

28,137

2,477,412

27,742,000

0.10%

China

304

25,232

2,221,632

774,710,000

0.00%

Italy

298

24,734

2,177,784

22,920,000

0.11%

Indonesia

290

24,070

2,119,320

129,366,000

0.02%

Colombia

282

23,406

2,060,856

19,309,000

0.12%

Portugal

280

23,240

2,046,240

4,717,000

0.49%

Hong Kong (SAR China)

255

21,165

1,863,540

3,627,000

0.58%

Vietnam

251

20,833

1,834,308

54,659,000

0.04%

Sources

coworkingresources.org

Capacity based on number x average capacity of 83 people

Capacity based on number x average size of 7,308 sq ft

cia.gov

Capacity / labour force

Contact Details

Properganda

James Lockett

+44 20 7856 0185

james@properganda.pr

Company Website

https://www.helloezra.com

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