Page 50 - Coworking Around the World

4. GROWTH STRATEGIES FOR COWORKING SPACES

As a whole, coworking spaces have been

growing rapidly, and the number of shared

workspaces nearly doubles every year.
The growth figures for 2019 indicate the

industry’s focus on growing existing spaces

by increasing occupancy rate and profitability.

The number of coworking spaces worldwide is estimated to reach 49,500 by

2022, an increase of 49% from 2019.
It is estimated the amount number of coworking users has been increased from

1.74 million in 2017 to 5.1 million in 2022.

(https://gcuc.co/wpcontent/uploads/2019/04/GCUC-Coworking-Growth-2019–

2022-Forecast.pdf )
Besides, the rapid growth of coworking users is due to coworking spaces

expansion in square footage since new spaces tend to be much larger than older

spaces, and existing spaces are expanding by adding more space and members.
(www.usa.gcuc.co,).