• Latest forecasts suggest global flexible spaces will soon cross the 20,000 mark and looks set to reach 25,968 by 2022
• Last year saw 2,188 new space openings, a record number
• A new coworking space opens in London every 5 days and in New York City every 7.5 days.
The appropriately dubbed ‘coworking revolution’ has rapidly grown over the last few years and has now reached record levels according to flexible working experts.
The number of coworking spaces worldwide in 2018 was 16,599 and it’s on track to reach 18,287 by the end of 2019. The rate of year on year growth has slowed somewhat to 9.5% compared to 15.2% in 2018, but last year saw 2,188 new space openings, a record number. Around 1,000 of the new openings were in the USA. As further evidence, Office Freedom, a global flexible workspace brokerage saw its inventory grow by 45% in the last year.
New space openings in 2019 are forecast to drop by around 22% compared...