In 2015, 331,000 people in the United States worked in shared spaces — otherwise known as coworking spaces. That number has tripled to one million in 2022, per Statista, and the industry is projected to grow at a 9.6% CAGR through 2028. Companies such as WeWork, Regus, and Knotel are both accommodating and spurring the demand for joint workspaces by opening new facilities around the world.
When the COVID pandemic disrupted the entrenched “work-in-the-office model,” businesses started looking for solutions that would meet the health, safety, and convenience needs of their workers, especially in light of the “Great Resignation,” which has forced organizations to become creative to retain and recruit talent. One of these methods has been to seek out coworking spaces that are easily accessible to their staff. In fact, today more than one third work at sites other than the home or office on a weekly basis, an 8% increase from the year before.