There’s no longer any reason to confine coworking to startups and remote workers. This industry has expanded in recent years as companies of all sizes have realized the many benefits that coworking and flexible office space bring.
There are currently about 18,700 coworking spaces around the world. Every day, the number grows, and by 2025, it is expected to reach around 26,000 people.
But what exactly is causing such tremendous expansion? The solution is contingent on the company’s objectives and requirements. However, there are five major factors driving this massive trend toward flexible office spaces.
1. Organizational dynamics
2. Footprint & Location
3. Talent Retention and Acquisition
4. Accounting and Valuation Advantages
In 2019, there were around 19,000 coworking spaces around the world. It was projected at the time that the number would reach 26,000 people. In 2019, more than 3 million people used coworking spaces around the world, with that number predicted to quadruple by 2022.
Based on aggregate data from demand, competition, occupancy, and pricing, Ecommerce has produced the world’s first coworking site score. To recommend coworking spaces, it employs location scores.
A shared workspace where individuals or small enterprises can rent desks or spaces is known as a coworking space. Many shared areas where people can connect and network are prevalent in coworking spaces.
Coffee bars, free snacks, comfortable seats, standing desks, conference rooms, printing, and fitness classes, among other perks, help these offices stand out from the competition. It’s no surprise that coworking spaces are booming.
We hope you find this material useful as you make decisions about your next steps. If you have any questions or would want to discuss your alternatives, you are welcome to phone us. We are here to assist you.