The number of co-working spaces worldwide is projected to soon cross 20,000 and reach 25,968 by 2022, an increase of 42% from 2019, according to CoworkingResources in its recently released Global Coworking Growth Study 2019. Yet there's been a paradigm shift as to whom these co-working spaces are actually serving. Hint: It's no longer the independent worker.
And that's a huge mistake, as 40% of American workers are expected to be freelancers by 2020.
Today the market value of co-working spaces is estimated at $26 billion worldwide, and it's growing exponentially: Every 7.5 days, one more site opens in New York City, claims the study.
But the audience and feel of these co-working spaces has dramatically shifted since its inception in 2005, when Brad Neuberg launched the first official collaborative space, at the Spiral Muse in the Mission District of San Francisco, with just a few folding card tables to give independent workers structure and overcome the feeling of isolation. Neuberg rented the space two days a week for just $300 a month.