With nearly 19,000 coworking spaces and more than 3 million coworkers globally in 2019, the shared workspace model is more popular than ever before. It's grown a lot, especially in recent years, and is showing no signs of slowing down. So what can we expect out of coworking spaces in the years to come? We have a few predictions.
The rise of the gig economy and our societal shift towards entrepreneurialism has proven big business for the coworking world. Just last year more than 1000 coworking spaces opened across the US, and those figures show no sign of petering out.
With more than 3.9 million Americans spending at least some time working from home, there's still a huge market opportunity for those interested in moving into the coworking space. As coworking consultants, we've helped plenty of such companies go to market and capitalize on the market.
At StellaPop we pride ourselves on being on the pulse of what's next. Which is why we've been following the coworking movement since the beginning. Since those early days, coworking has leaped from the niche to the mainstream, now spanning some 22,000 locations and 2.2 million coworking users worldwide. With 2019 growth estimated at a fifth on last year's levels, there's plenty of opportunity in the market.
That's why we decided it was time to pool our expertise and put together an ebook for enterprising business owners wanting to launch their own coworking space.
Strategic thinking involves looking at how today will inform tomorrow - and making decisions accordingly. Where conventional thinking is reactive, short-term and cautious, strategic thinking is all about looking for and anticipating new ideas, opportunities and plans.
Coworking spaces are by their very nature fast-paced, ever-changing spaces. It's essential to seek out and adapt to feedback, market shifts and new trends sooner rather than later.
Here's how to ensure your space is a success going forward.