Coworking Market Size & Statistics (2023)
Global market size (2023)
$$37.1B
Forecast CAGR → 2030
15.9%%
to $$103.7B
Total addressable market
$150B. The total addressable market includes all businesses and freelancers who could potentially utilize flexible workspace solutions, encompassing traditional office renters and remote workers seeking collaborative environments, assuming a full transition to flexible models.
Calculate your TAM/SAM/SOM →Key statistics
Over 35,000 locations
Global Coworking Spaces (2023)
Source: Statista
5 million members
Projected Coworking Members (2030)
Source: Coworking Resources
13.2%
Average Annual Growth Rate of Coworking Spaces (2018-2023)
Source: GCUC
58%
Percentage of Businesses Using Flexible Workspaces (2023)
Source: JLL
25% to 30%
Expected Increase in Flexible Space Usage by Enterprises (next 3 years)
Source: CBRE
$12.5B
North America Coworking Market Size (2023)
Source: Grand View Research
35%
Europe Coworking Market Share (2023)
Source: Mordor Intelligence
89% report increased productivity
Impact of Coworking on Member Productivity
Source: Small Business Labs
3.5%
Portion of Office Inventory Accounted for by Flex Space
Source: Cushman & Wakefield
Market segments
%
Flexible Office Spaces
%
Serviced Offices
%
Managed Workspace Solutions
%
Virtual Offices & Meeting Rooms
Demand trend
↓ Declining
Search interest in "coworking market size" is declining (-100% over the trailing 12 months of Google Ads keyword data).
Growth drivers
- Increased demand for flexible work arrangements and hybrid work models post-pandemic.
- Cost-effectiveness for businesses seeking to reduce real estate overheads and capital expenditure.
- Growing freelancer economy and startup culture needing agile and collaborative workspace solutions.
Risks
- Economic downturns leading to reduced demand for office space and cost-cutting by businesses.
- Intense competition from traditional landlords offering more flexible lease terms and amenities.
- Health concerns and potential future pandemics impacting shared workspace appeal and density.
Frequently asked questions
What is the current global market size for coworking spaces?
The global coworking market size was estimated at $37.1 billion in 2023.
What is the projected growth rate of the coworking market?
The coworking market is projected to grow at a compound annual growth rate (CAGR) of 15.9% from 2023 to 2030.
How large is the coworking market expected to be by 2030?
By 2030, the global coworking market is expected to reach approximately $103.7 billion.
What are the main segments driving the coworking market?
Key segments include flexible office spaces, serviced offices, and managed workspace solutions, catering to diverse business needs from individual freelancers to large enterprises.
What are the primary factors contributing to the growth of the coworking industry?
Growth is primarily driven by the increasing adoption of hybrid work models, the cost-efficiency for businesses, and the rise of the gig economy and startup culture.
Figures are informed estimates synthesized from public industry sources (market research firms, trade associations, government statistics) combined with real search-demand data. They are directional, not audited — actual market size and growth vary by definition and methodology across research firms. Updated July 2026.
Updated 2026-07-03T09:29:39.471Z · Sources: Statista - Coworking Spaces Worldwide, Grand View Research - Coworking Space Market Size, Share & Trends Analysis Report, Mordor Intelligence - Coworking Space Market - Growth, Trends, COVID-19 Impact, and Forecasts, JLL - The Future of Work Survey, Coworking Resources - Coworking Statistics and Forecasts, CBRE - Global Workplace Trends
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