The rise of co-working spaces is a phenomenon that has taken the world by storm, and it shows no signs of slowing down. In 2018, there were approximately 19,000 coworking spaces globally, and this number has more than doubled since 2015. According to experts, there will be more than 30,000 coworking spaces around the world by 2022, which represents a staggering 72% growth since 2018.

This upward trend is expected to continue, with the prediction that 30% of corporate real estate will be flexible office space by 2030. But what is driving this growth, and where is it having the greatest impact?

There are four key drivers fueling the global coworking growth. Firstly, large corporations are increasingly moving into coworking spaces due to the flexibility and agility they offer. This trend is expected to accelerate over the next few years, as corporations seek to reduce their exposure to long-term leases and employees demand more options in the workplace.

Secondly, co-working spaces continue to attract startups, thanks to the advantages they offer in terms of cost, talent, and flexibility. For startups, coworking spaces remain the natural and logical choice.

Thirdly, the number of self-employed workers is growing worldwide, and these independent workers appreciate the value and benefits of modern co-working spaces, which continues to drive demand.

Finally, specialist co-working spaces, such as shared biolabs, industry-specific spaces, female-oriented spaces, and shared commercial kitchens, are also expanding rapidly, fulfilling a growing need and increasing in number.

It’s clear that the co-working trend is here to stay, as the world of work continues to evolve and adapt to changing demands and trends. As more and more people recognize the benefits of co-working, we can expect this growth to continue at a rapid pace, and for co-working spaces to become an increasingly important feature of the modern working landscape.