Coworking spaces have grown by over 1,000 percent over the span of a decade. Back in 2008, there were just 160 coworking spaces worldwide. A decade later, there were 18,700 coworking spaces internationally. Within the next year and a half, coworking spaces are forecasted to reach 26,300 spaces worldwide. The coworking space industry is built on buying and renting buildings, turning them into shared office spaces, and then renting out space and amenities for a subscription fee.
The massive coworking market had a big day yesterday, when WeWork, one of the pioneers in the field, filed its initial public offering with the SEC. The rapid expansion of its business is one of the many risks that WeWork detailed in its S-1 paperwork. Part of the rapid expansion in office space is born out of the necessity for alternatives to traditional offices to accommodate the uptick in international companies with satellite offices and other flexible working needs, freelance work, and startups.
Related Infographics
FAQ
- The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista. When publishing one of these graphics, please include a backlink to the respective infographic URL. More Information
- The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", which current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.
- For individual content and infographics in your Corporate Design, please visit our agency website www.statista.design
Any more questions?
Get in touch with us quickly and easily.
We are happy to help!
Do you still have questions?
Feel free to contact us anytime using our contact form or visit our FAQ page.
Your contact to the Infographics Newsroom
Statista Content & Design
Need infographics, animated videos, presentations, data research or social media charts?