The coworking movement saw nothing but so much untapped potential and great opportunities during the year 2017. The movement slowly but surely became a global phenomenon as the population of digital nomads and remote workers grew. This generation’s startups and professionals created a new need for flexible workspaces that allows them to work anytime and anywhere they like. Moreover, they have put much emphasis on the importance of a good work-life balance. As a result, the demand for office spaces that allows them to maximize their efficiency without sacrificing their overall well-being rose.
As the year comes to an end, let’s take a look at all the major developments coworking has made over the year before moving forward to the coworking predictions that the new year has in store for us.
The Global Coworking Unconference Conference recently released their GCUC Survey for the year 2017. Discussing the results of their annual survey, the report showcases a quick summary of the improvements and future predictions for the following year.
According to the aforementioned report, a total of 14,411 coworking spaces are now available around the world. Experts forecast that the number will grow to over 30,000 in 2022, globally. Members originating from the US would grow to 1,076,000 by the same year.
It was also during this year that large companies and tech conglomerates experimented on workplace models.
Given the proliferation of open layouts and shared offices, established corporations are giving the latest workplace organization strategies a try by moving some of their teams into coworking spaces. More and more employees from big players are moving in and taking over.
A recent survey have also said that almost half of corporation in the US alone are making use of some sort of flexible office space solution. Moreover, based on the data gathered from the aforementioned report, researchers believe that an increase in the demand and usage of these work areas can be expected in the following years.
By studying the information we have observed from survey data results and trends of the previous year, experts have put together a picture of what coworking predictions for the year 2018 has in store for the industry.
As mentioned earlier, the population will continue to thrive as the years go by. GCUC predicts that the number of spaces will expand to 17,725 this year with an annual growth rate of 16.1% and members will grow to 2.3 million globally from the previous year’s number of 1.74 million with 24.2% annual growth rate.
The trend of mega corporates transitioning to flexible workspaces will accelerate over the next five years as administrations look forward to reducing their exposure towards long term leases. In addition to this, the continuous demand of this generation’s labor force for better workplace options will move the numbers forward.
Startups will also continue to flock these shared offices around the world because of the flexibility and talent attraction advantages that they provide. And as the market grows, so does the demand. With the prediction that over 50% of the global population by 2020, more brands will continue to consolidate spaces that will be built to suit the arrangements of the ever-changing workforce.
It seems that the movement will continue to move upwards and has the capability to evolve even more. Sounds interesting right? Talk to us today and take a quick look at the future.