The Future of Coworking Spaces in Urban Areas

The Future of Coworking Spaces in Urban Areas 1

The coworking trend has caught fire globally, and it has created a surge of interest in urban areas. This is a shift from the traditional concept of offices where people worked behind closed doors, and where the primary focus was on individual achievement. Instead, today’s professionals and business owners want to work where they belong to a community of individuals with whom they can share ideas, collaborate, network, and socialize. Consequently, the urban landscape has become dotted with coworking spaces that cater to the growing demand for flexible workspaces, infrastructure, and services. In this article, we will explore the various factors that will shape the future of coworking spaces in urban areas.

Rising Demand for Coworking Spaces

The demand for coworking spaces is growing at an unprecedented pace. According to a recent survey, the number of coworking spaces worldwide is expected to reach 25,968 in 2022, with 5.1 million members. This is a remarkable increase compared to the statistics of 2016 when there were 14,411 coworking spaces worldwide with 1.2 million members. The growth of coworking spaces has been fueled by the increasing preference for flexible work arrangements, as well as the desire to escape from the isolation of traditional offices. With social distancing being the buzzword in the post COVID-19 era, coworking spaces have become even more important as employees seek out alternative spaces to work.

The Rise of Corporate Coworking Spaces

As coworking spaces have grown in popularity, traditional office-space providers have taken notice. Landlords, property managers, and real estate companies are beginning to offer their own branded coworking spaces. These corporate coworking spaces offer a range of benefits to companies, including flexibility, lower overhead costs, and the opportunity to work in a more innovative and dynamic environment. They provide incumbents with relevant services such as on-site parking, high-speed Wi-Fi, meeting and conference rooms, ergonomic furniture, and office supplies. In addition, the coworking industry is attracting big tech companies such as Amazon, IBM, and Microsoft who are renting office spaces to incubate innovation. This trend toward corporate coworking spaces is expected to continue in the coming years.

Coworking Spaces Are Becoming More Affordable

In the past, coworking spaces were viewed as a luxury that only a select few could afford. However, as they have grown in popularity, coworking spaces have become more affordable. With a range of options available, including shared desks, private offices, and virtual offices, there is something for every budget. In addition to the diverse range of flexible payment plans, coworking spaces provide an inclusive atmosphere with a wealth of resources, providing entrepreneurs and startups with an affordable alternative to traditional office space. As a result, small businesses, startups, and entrepreneurs can now have access to the same amenities as larger corporations but at a more affordable price.

The Emergence of Coworking Spaces in Suburban Areas

The coworking space trend, which began in urban areas, has begun to spread out to suburban areas. In response to increased demand, newer suburban coworking spaces are emerging and offering high quality, fully equipped facilities, with a supportive, vibrant atmosphere. Suburban coworking spaces offer less expensive rents, access to community amenities, and a flexible lease agreement. Suburban coworking spaces are an affordable solution for businesses and professionals who need a physical space to work, without sacrificing the vibrancy and convenience of an urban area.

The Boom of Entrepreneurship and Innovation

As more people become excited about the idea of entrepreneurship, there will be an increasing demand for coworking spaces. Coworking spaces provide entrepreneurs, freelancers, and startups with an environment that fosters innovation and creativity. Research has shown that individuals who work in coworking spaces are more likely to be productive, collaborative, and innovative. Coworking spaces provide entrepreneurs and creatives with an environment that spurs ideas, and encourages collaboration and networking which increases the chances of successful business ventures.


The future of coworking spaces in urban areas is bright. As the trend continues to grow, the demand for coworking spaces is expected to increase. With the spread of coworking spaces from urban to suburban areas will provide flexibility and convenience without breaking a bank. Consequently, the zero percent hassle that coworking spaces provide, has attracted the prominence of big tech companies globally. Coworking spaces offer a cost-effective way for entrepreneurs, freelancers, and startups to work, collaborate, network and innovate in a dynamic and supportive environment that is rapidly reshaping the traditional workspace. Want to learn more about the subject covered?, explore the thoughtfully chosen external material to complement your study and broaden your understanding of the subject.

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