Mar 2025
The coworking sector is poised for growth
According to an industry forecast report from Grand View Research, the global coworking space market is projected to grow at a compound annual rate of 15.7% through 2030. This significant market growth is driven by technological improvements and the expansion of the freelance economy.
A January 2025 report by CoworkingCafe supports these market predictions. The report notes that as of the third quarter of 2024, the U.S. coworking inventory grew 13% by square footage YOY. Also, the total number of coworking spaces increased by 22% during the same period last year.
Commercial property companies have taken note and are investing in the flexible office sector. According to an April 2024 article by Workspace Strategies, property owners and commercial real estate investors have been eager to embrace the coworking industry because doing so can set them up for long-term success in a rapidly changing market.
Workspace Strategies highlighted the following key reasons why so many owners and investors are flocking to the coworking industry:
1. Higher rental yields
2. Keeping up with evolving work trends
3. Diversification of income streams
4. Enhanced value proposition
5. Community building
6. Flexibility and scalability
7. Access to amenities
8. Networking opportunities
9. Professional atmosphere
10. Management expertise
