Coworking Space Market Report 2026

The coworking space market size has grown rapidly in recent years. It will grow from $26.2 billion in 2025 to $30.12 billion in 2026 at a compound annual growth rate (CAGR) of 15%. The growth in the historic period can be attributed to rising startup ecosystem development, increasing cost of traditional office leasing, expansion of freelancer and gig worker communities, growing entrepreneurial activities, early adoption of shared workspace culture.

The coworking space market size is expected to see rapid growth in the next few years. It will grow to $53.46 billion in 2030 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to increasing hybrid workforce expansion, rising demand for collaborative work environments, growth of enterprise coworking adoption, expansion of remote working trends, strengthening focus on flexible workspace strategies. Major trends in the forecast period include growing demand for flexible and shared working environments, rising adoption of hybrid work and remote collaboration models, increasing popularity of community driven office ecosystems, expansion of premium and niche segment coworking facilities, strengthening preference for cost efficient office space solutions.

The rising demand for flexible office spaces is expected to propel the growth of the coworking spaces market going forward. Flexible office space refers to a workspace that is designed to accommodate a variety of different work styles and needs. Coworking spaces are a type of flexible office space that offers shared workspaces for individuals and businesses of all sizes to provide a more affordable and flexible alternative to traditional office space. For instance, in September 2023, according to Vestian, a US-based fiduciary and business advocate, it is estimated that the flexible office space sector will rise significantly from its current size of 53.4 million square feet (MSF) to 81 million MSF by 2025, a phenomenal 52 % increase. Therefore, the rising demand for flexible office spaces drives the growth of the coworking spaces market.

Major companies operating in the coworking spaces market are focusing on expanding flexible workspace solutions, such as integrating coworking spaces within hotels and developing subscription-based services, to cater to the rising demand for adaptable work environments. Subscription-based coworking services provide flexible, cost-effective workspaces with added perks, catering to remote workers' and businesses' evolving needs. For instance, in July 2024, citizenM Hotel, a Netherlands-based hotel developer, investor, and hotel chain company, launched a coworking subscription service across its global hotel portfolio. This service offers flexible, membership-based workspaces within 34 CitizenM hotels. Members benefit from amenities such as high-speed Wi-Fi, discounts on food, drinks, and room bookings, as well as perks such as room upgrades and late checkouts.

In January 2024, Vast Coworking Group, a US-based franchisor specializing in flexible coworking and shared office spaces, acquired Intelligent Office UK Ltd. for an undisclosed amount. Through this acquisition, Vast seeks to expand its global presence, diversify its service portfolio, and scale its coworking network by incorporating Intelligent Office’s 55 existing U.S. and Canadian locations, thereby enlarging its member base, service capabilities, and geographic coverage. Intelligent Office UK Ltd. is a US-based company that provides private offices, meeting rooms, virtual office services, and flexible workspace solutions for small businesses and entrepreneurs.

Major companies operating in the coworking space market report are District Cowork Inc., WeWork Companies Inc., IWG plc, Ucommune International Ltd., KR Space Information Technology Co. Ltd., Knotel Inc., Servcorp Limited, Convene Inc., CommonGrounds Workspace Solutions Inc., Green Desk LLC, Industrious Office Management Inc., Serendipity Labs Inc., Mindspace Ltd., NeueHouse LLC, Intelligent Office Franchise Corp., Novel Coworking LLC, Premier Business Centers LLC, Office Evolution LLC, TechSpace Holding Co. Inc., Bond Collective LLC, The Urban Hive Inc.,

Asia-Pacific was the largest region in the coworking space market in 2025. North America was the second largest region in the global coworking space market. The regions covered in the coworking space market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the coworking space market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The coworking spaces market consists of revenues earned by entities that provide coworking space on rent or lease. Unsuch as traditional office rental, the cost of renting coworking workspaces usually covers the use of related services/equipment such as office chairs and desks, internet/Wi-Fi connection, hardware, software, and others. The industry includes businesses that offer non-residential structures with amenities and facilities on a flexible rental basis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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