The Popularity of the Coworking Concept Around the World

Whether you are a freelancer or a small business owner in search of a place to work, you will benefit from being in a coworking space, such as These shared office spaces have been popular all over the world and promising in terms of providing a physical space to work without the need to spend a fortune. There is no more need to build your own office or be tied to a long-term lease when there is an option that offers flexibility, which exists in the form of coworking.

What The Statistics Say

Based on data from 2017, more than 1.2 million people from all over the world have worked in coworking spaces. This is expected to increase in the coming years and more spaces are also expected to open to cope up with the demand. Also, as of 2017, there are more than 15,500 coworking spaces that are in operation globally. The Asia Pacific region is at the top, which has 3,975 coworking spaces. The United States, on the other hand, has more than 3,200, including Common Desk, a shared office space for rent in Fort Worth.

By the end of 2018, according to data from Global Coworking Survey: The 2018 Coworking Forecast, it is anticipated that there will be 18,900 coworking spaces around the world. More so, there will be 1.7 million people who will be working in these spaces from all fields that you could think of.

Another notable statistic is that two of the three coworking spaces have plans to expand their operations in 2018. The average data suggests that a coworking space plans to expand by up to 70% in its current area of operation. The optimistic estimation about the growth in demand is the primary driving force behind these plans for expansion.

What’s with the Buzz

The popularity of coworking around the world is driven by one thing – financial constraints. Small businesses need an office to appear legitimate and to impress their clients. Because having an actual office is too expensive, coworking is a promising alternative. It allows you to share offices with like-minded individuals, and hence, the costs are also shared. The overhead expenses will be significantly reduced. At its affordable price, they already have the facilities that you will need to carry out business functions, such as high-speed internet.

Aside from saving money, being part of a coworking space is also great because of the fact that it allows you to be part of a vibrant community. This allows you to enhance your network. It also presents an opportunity for collaboration as you can work with other people in the coworking space. Plus, it can enhance productivity and improve happiness. This will make work less stressful. Many coworking spaces organize workshops, seminars, and even games.

Coworking is not the future of work – it is the present! This is evident by the fact that all over the world, it is already seen as an alternative to traditional office spaces, especially for those who are cash-strapped. If you need an office and if you are on a budget, now is the perfect time to give coworking a shot!