Is coworking really the future?

A coworking space is perceived to be the new future. It has a lot of potential in it. That’s why these spaces are considered one of the most fast-growing trends in the business world, especially after the pandemic. The coworking spaces are great for community building.

How many coworking spaces are there in the world 2020?

According to Statista’s coworking space worldwide statistics, there are currently around 18,700 coworking spaces around the globe.

Why coworking is the future?

Productivity. Another reason why coworking spaces are shaping the future of work is their effect on the workers’ productivity. According to research by the companies Deskmag and Deskwanted, 74 percent of their employees were more productive in coworking spaces.

Why are larger companies now opting for coworking spaces?

The employees are more productive and energetic through their work schedules in a coworking space. Coworking spaces are evolving with customer’s needs to help them feel at home, enjoy the vibrancy of the space, collaborate and learn from their peers, and ultimately increase their productivity and overall happiness.

What is the future of coworking spaces in India?

Also, as per a recent study conducted, the share of coworking spaces within total office spaces presently stands at 3\% which is estimated to increase to 4.2\% by 2023. In terms of total square feet expansion, the coworking space industry is expected to grow by another 50 million square feet by the end of 2023.

Is coworking space profitable?

Today, roughly 87\% of the coworking spaces around the world are profitable and that number is frequently rising. Given the competition in today’s coworking market, you need to equip yourself with unique financial models and up-to-date strategies to grow your revenue.

Are shared office spaces profitable?

On average, 40\% of coworking spaces are profitable, according to responses to the second Global Coworking Survey. This initially disappointing figure masks some more complex factors. The second Global Coworking Survey shows that 72\% of all coworking spaces become profitable after more than two years in operation.

Is Coworking profitable in India?

Coworking major WeWork India on Monday said it has raised Rs 200 crore from investors as equity and debt to grow its business and become profitable this year.

Which was the first coworking space in India?

91Springboard
Co-working Culture In India India saw its first co-working space in 2012 when 91Springboard started its operations. Although it did not cater to the needs of companies like spaces today, this was the start in India.

Are coworking spaces a good business?

According to AndCards, only 43\% of coworking spaces are currently profitable. With new coworking spaces opening up nearly every day, it might take them a few months to start to make a profit. But keep in mind that after two years in operation, more than 70\% of all coworking spaces become profitable.

What is the future of the coworking industry?

Right now, we have a wonderful opportunity to learn about the future of the coworking industry and get ready to courageously burst into tomorrow. It was predicted that in 2020 year, 1,688 coworking spaces are going to open worldwide. However, it is obvious that due to the coronavirus outbreak massive coworking spaces growth is slowing down.

It was predicted that in 2020 year, 1,688 coworking spaces are going to open worldwide. However, it is obvious that due to the coronavirus outbreak massive coworking spaces growth is slowing down.

How has technology impacted the coworking space market?

The market for coworking spaces has undergone remarkable growth over the last couple of years and continues to grow. Far-reaching trends have affected remotely placed teams through enabling technologies such as project management software, impacted how companies design job openings and recruitment processes, and how work in general is rendered.

What is the 2020 Global coworking growth study?

To achieve that, we have partnered with Coworker.com, the world’s largest coworking listing platform, for our 2020 Global Coworking Growth Study. This study explores the projected growth of the coworking industry as well as specific trends, providing you with a bird’s-eye view of how the industry is developing across the world.