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20 More Coworking Facts for 2020

Posted 01/22/20

When Service Really Matters

90% of coworking spaces generate a profit if they meet at least four conditions: they have more than 200 members, are older than one year, are profit-oriented and do not subsidize their operation through other businesses.

According to Allwork, the top 5 requested amenities are:

  1. Yoga Classes
  2. Climbing Walls
  3. Meditation Rooms
  4. Healthy Snacks and Beverages
  5. Standing Desks and Ergonomic Chairs

43% of all coworking spaces generate a direct profit from their operation.

The top 5 biggest names in coworking are:

  1. Regus
  2. WeWork
  3. Breather
  4. Knotel
  5. Servcorp

with the other 86% of coworking spaces owned by smaller businesses.

On average, members will interact with 1-4 other members each day.

Fewer than one-fourth of coworking employees (22%) only work in a coworking space. This means that most employees use coworking as a supplement to their workspace, not as their sole work location.

Coworking spaces tend to have a variety of layouts, including open floor plans (52%), private rooms (50%), and cubicle layouts (42%). Different companies and employees benefit from different types of layouts.

Due to the high demand, over 70 percent of coworking spaces now include at least one standing desk area in the US.

Not all workers are extroverts or thrive in an extrovert culture. The same Harvard study finds that taking away workers’ personal space and placing them in a “fish tank” makes some of them uncomfortable, causing them to withdraw into their electronics.

Coworking’s “fun” spaces could be why 60% of employees are more relaxed since they began coworking, and 68% can focus better at work.

Around half of coworking spaces include open floor plans (52%), private rooms (50%), and cubicles (42%).

Most employees (75%) have been in their current coworking space for at least 1 year, including 18% who have worked in the same coworking space for 5 years or more.

The IT industry has the largest number of coworkers, followed by PR, marketing, and sales employees.  With 22%, IT professionals dominate the coworking workspace ahead of PR, marketing, and sales employees at 14% and consultants at 6%.

The median age of coworkers as of 2017 is 35, up from 33.5 in 2012. Most people sharing a flexible working space are between 30 and 39 years old, but only 12% are over the age of 50. However, the median age is increasing slightly each year.

According to Deskmag’s research, 59% of those surveyed said they would prefer 24/7 access to their coworking space.

82% of coworking members have expanded their professional network since joining a coworking office space.

According to Forbes, the top companies hiring for work-from-home positions include: Appen, Amazon, UnitedHealth Group, Williams-Sonoma, Xerox, Dell, Hilton, Kaplan, ADP, and American Express.

In 2020, a hybrid model of coworking is gearing up to make its mark as part of the millennial-driven “sharing economy.” To utilize space at non-operable times, large hotel chains, vacant retail stores, restaurants and even bars are offering their real estate as “drop-in” coworking spaces.

72% of coworking operators say they expect to see further industry consolidation, with 58% believing consolidation is a great opportunity.

By 2023, it’s predicted that there will be more than 10,000 flexible workspaces in the US alone, especially if the growth in rural & secondary markets keeps pace with recent years.

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