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Coworking Size & Capacity Report

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Coworking Size & Capacity Report 2019 COWORKING SIZE & CAPACITY REPORT BROUGHT TO YOU BY F O S E T L B A N T E T 2 F O R E W O R D N 4 C A P A C I T Y D A T A 16 1 0 0 H I G H E S T C A P A C I T Y C O U N T R I E S O 20 2 0 0 H I G H E S T C A P A C I T Y C I T I E S C 26 A V E R A G E C O W O R K I N G S I Z E ( S Q . F T . ) 36 1 0 0 L A R G E S T S I Z E C O U N T R I E S 40 1 5 0 L A R G E S T S I Z E C I T I E S 44 S P A C E D E N S I T Y I N D E X 48 F I N A L T H O U G H T S P A G E 3 SPACE CAPACITIES & SQ. FT. REPORT As the number of coworking spaces around the world continues to grow, we want to share several of their commonalities with you, including how big the spaces are compared to world averages, trends in entrepreneurial endeavors, how spacious the spaces are in relation to their goal of helping businesses thrive, and more. In this report, we would like to showcase and analyze data, such as size, capacity, and density of close to 6,500 coworking spaces around the world, which have shared their data with Coworker. Over the last year, we've noticed a trend in the growing sizes of coworking spaces, making this data all the more important to understanding continental space distribution, countries and cities leading the race for larger coworking spaces, and investment opportunities in the industry relative to specific countries around the world. We hope you enjoy it! The Coworking Insights Team Coworking Insights is the home for no-fluff insights, advice, and trends in the coworking industry. We are committed to bringing you tips, opinions ABOUT about the industry, the latest data-based trends, interviews with space managers or influencers, and COWORKING recommended events that you MUST attend. INSIGHTS We aim to bring you — coworking space managers — closer together by offering this open platform to learn and share your insights and experiences. 2019 CAPACITY & SIZE GLOBAL AVERAGES 83 7308 PEOPLE SQ. FT. © 2019 | CoworkingInsights, Inc CAPACIT Y DATA P A G E 6 GLOBAL AVERAGE COWORKING SPACE CAPACITY s e c s a e p c s a p 1 s 8 3 9 4 3 2586 spaces 2278 spaces es ac sp 87 es ac sp 2 67 3100 spaces NOTE: In the survey we did to collect this data, participated 6405 coworking spaces from all around the wold, that trusted to share their space capacity © 2019 | CoworkingInsights, Inc P A G E 7 CONTINENTAL AVERAGE COWORKING SPACE CAPACITY 125 100 75 50 25 0 Asia Africa Europe Oceania North America South America Central America © 2019 | CoworkingInsights, Inc AVERAGE COUNTRY CAPACITY P A G E 9 OCEANIA COUNTRIES 100 75 50 25 0 Australia New Zealand © 2019 | CoworkingInsights, Inc P A G E 1 0 ASIAN COUNTRIES 300 200 100 0 Iran China India Lebanon Vietnam ArmeniaThailand MyanmarSri Lanka SingaporeIndonesia South Korea United Arab Emirates © 2019 | CoworkingInsights, Inc P A G E 1 1 EUROPEAN COUNTRIES 150 100 50 0 Ukraine Ireland Finland FranceNorway Russia SwedenLithuania Netherlands United KingdomCzech Republic © 2019 | CoworkingInsights, Inc P A G E 1 2 AFRICAN COUNTRIES 125 100 75 50 25 0 Egypt Kenya Algeria Ghana Nigeria Morroco Cote D'ivoireSouth Africa Madagascar © 2019 | CoworkingInsights, Inc P A G E 1 3 NORTH AMERICAN COUNTRIES 200 150 100 50 0 Haiti Aruba Mexico Canada Puerto Rico United States Dominican Republic © 2019 | CoworkingInsights, Inc P A G E 1 4 CENTRAL AMERICAN COUNTRIES 100 75 50 25 0 Panama Honduras Nicaragua Costa Rica Guatemala El Salvador © 2019 | CoworkingInsights, Inc P A G E 1 5 SOUTH AMERICAN COUNTRIES 80 60 40 20 0 Peru Chile Brazil Bolivia Uruguay Guyana Ecuador Argentina ColombiaParaguay © 2019 | CoworkingInsights, Inc P A G E 1 6 CAPACITY INDEX 100 HIGHEST CAPACITY COUNTRIES * On Coworker.com Puerto Rico is identified as a country itself, therefore the individual listing © 2019 | CoworkingInsights, Inc P A G E 1 7 2019 CAPACITY INDEX - continued © 2019 | CoworkingInsights, Inc P A G E 1 8 2019 CAPACITY INDEX - continued © 2019 | CoworkingInsights, Inc AVERAGE CITY CAPA CITY P A G E 2 0 CITY CAPACITY INDEX 200 HIGHEST CAPACITY CITIES © 2019 | CoworkingInsights, Inc P A G E 2 1 CITY CAPACITY INDEX - continued © 2019 | CoworkingInsights, Inc P A G E 2 2 CITY CAPACITY INDEX - continued © 2019 | CoworkingInsights, Inc P A G E 2 3 CITY CAPACITY INDEX - continued © 2019 | CoworkingInsights, Inc P A G E 2 4 CITY CAPACITY INDEX- continued © 2019 | CoworkingInsights, Inc AVERAGE COWORKIN G SQ. FT. P A G E 2 6 GLOBAL AVERAGE SQ. FT. PER SPACE s e c a p s 9 4 3 2586 spaces 2278 spaces es ac sp 87 es ac sp 2 67 3100 spaces © 2019 | CoworkingInsights, Inc P A G E 2 7 GLOBAL AVERAGE SQ. FT. BY CONTINENT 10,000 7,500 5,000 2,500 0 Asia Africa Europe Oceania North America South America Central America © 2019 | CoworkingInsights, Inc AVERAGE SIZE (SQ. FT.) OF SPACE BY COUNTRY P A G E 2 9 OCEANIA COUNTRIES 5,000 4,000 3,000 2,000 1,000 0 Australia New Zealand © 2019 | CoworkingInsights, Inc P A G E 3 0 ASIAN COUNTRIES 30,000 20,000 10,000 0 Iran China India Lebanon Indonesia Sri Lanka Singapore Hong Kong South Korea United Arab Emirates © 2019 | CoworkingInsights, Inc P A G E 3 1 EUROPEAN COUNTRIES 25,000 20,000 15,000 10,000 5,000 0 Russia Finland Ireland Croatia Sweden Denmark Hungary RomaniaPortugal Netherlands © 2019 | CoworkingInsights, Inc P A G E 3 2 AFRICAN COUNTRIES 10,000 7,500 5,000 2,500 0 Egypt Kenya Nigeria Tunisia Algeria Morocco Cameroon South Africa Burkina Faso Madagascar © 2019 | CoworkingInsights, Inc P A G E 3 3 NORTH AMERICAN COUNTRIES 12,500 10,000 7,500 5,000 2,500 0 Mexico Canada Puerto Rico United States © 2019 | CoworkingInsights, Inc P A G E 3 4 CENTRAL AMERICAN COUNTRIES 12,500 10,000 7,500 5,000 2,500 0 Panama Nicaragua Costa Rica Guatemala © 2019 | CoworkingInsights, Inc P A G E 3 5 SOUTH AMERICAN COUNTRIES 7,500 5,000 2,500 0 Chile Peru Brazil Bolivia Ecuador Argentina Colombia Paraguay © 2019 | CoworkingInsights, Inc P A G E 3 6 SPACE SIZE INDEX (SQ. FT.) 100 LARGEST SIZE COUNTRIES * On Coworker.com Puerto Rico is identified as a country itself, therefore the individual listing © 2019 | CoworkingInsights, Inc P A G E 3 7 SPACE SIZE INDEX (SQ. FT.) continued © 2019 | CoworkingInsights, Inc P A G E 3 8 SPACE SIZE INDEX (SQ. FT.) continued © 2019 | CoworkingInsights, Inc AVERAGE SIZE (SQ. FT.) OF SPACES BY CITY P A G E 4 0 SPACE SIZE INDEX (SQ. FT.) 150 LARGEST SIZE CITIES * Cities were not chosen based on their popularity, but based on their size from the biggest to smallest. © 2019 | CoworkingInsights, Inc P A G E 4 1 SPACE SIZE INDEX (SQ. FT.) continued © 2019 | CoworkingInsights, Inc P A G E 4 2 SPACE SIZE INDEX (SQ. FT.) continued © 2019 | CoworkingInsights, Inc P A G E 4 3 SPACE SIZE INDEX (SQ. FT.) continued © 2019 | CoworkingInsights, Inc SPACE DENSITY INDEX AVERAGE SQ. FT. PER PERSON (PER SPACE) P A G E 4 5 SPA CE DENSITY INDEX TOP 15O HIGHEST DENSITY CITIES (SQ. FT. PER PERSON) * Cities were not chosen based on their popularity, but based on their density from the highest to lowest. © 2019 | CoworkingInsights, Inc P A G E 4 6 SPA CE DENSITY INDEX continued © 2019 | CoworkingInsights, Inc P A G E 4 7 SPACE DENSITY INDEX continued © 2019 | CoworkingInsights, Inc FINAL THOUGHTS Based on the displayed data, here ar e the most important takeaways that can be drawn from this report The global average capacity per coworking space was 83 people. The global average size (sq. ft.) per coworking space was 7,308 sq. ft. Asia was the continent with the highest average capacity of 114, compared to spaces in South America that held the lowest average capacity of 54 people. China ranks as the country with the largest capacity, at 282 people on average per space. North America has the largest spaces in the world, with an average size 9,799 sq. ft. per space, followed by Asia at 8,101 sq. ft. per space. Larger spaces in the world tend to be in North America and Asia where construction is new. Smaller spaces are more commonly found in Europe and South America. China is the country with the largest spaces in the world, with an average size of 27,077 sq. ft. Medellin is home to the spaces with the most space for its members, at an average of 264 sq. ft. per person. The range in density (sq. ft. per person) was between 16 and 264 sq. ft., with a global space average of 78 sq. ft. per person. © 2019 | CoworkingInsights, Inc CONCLUSIONS Globally we are seeing a trend towards larger spaces. Larger spaces are proving to be more profitable while providing customers with more amenities and creative space.
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