Real Estate Investor Magazine South Africa Dec/January 2020 | Page 49

Coworking
spaces worldwide
2,188
In 2018 an estimated
spaces were opened worldwide
Is projected to soon cross
20,000
Reach
25,968 by 2022
Finding enterprises for your available space
Being proactive, you could always approach up-and-coming
enterprises and ask them if their current space is working for
them. With all the platforms available online, there are plenty
of ways to promote your space. You can advertise your space
on findworkspaces.com. It allows a limited amount of free
promotion, with a larger package for a monthly fee.
“While existing companies continue
to excel in coworking spaces, the
majority of industry growth comes from
entrepreneurs and independent business
owners who are entering this market for
the first time.”
Some interesting statistics
Increase of
42% from 2019
Number of Coworking spaces worldwide
8.6%
Statistics show that of the new business spaces opening each
year, new businesses make-up the majority at 65.3% while the
remaining percentage are made up of chains and opening new
locations.
According to coworkingresources.org, there were an
estimated 2,188 coworking spaces opened worldwide in 2018
alone. What has made this trend so popular? One theory is that
it’s due to start-up cultures forming in cities around the world.
While existing companies continue to excel in coworking
spaces, the majority of industry growth comes from
entrepreneurs and independent business owners who
are entering the market for the first time. This trend opens
interesting opportunities for investors and start-up business
alike.
26.2%
65.3%
According to a study on coworkingresources.org, their
analysis showed the top 50 countries with the highest density
of coworking spaces in relation to the population. It showed
variable results with Luxemborg Germany, growing at 8.5
coworking growth per capita, followed by Singapor, Ireland
and New Zealand.
Coworking growth by business type
Much of new business growth is attributed to the ever-
increasing digital era, where resources and information is more
accessible than ever before.
Existing platforms for acquiring workspace are through
websites like WEWORK, an American Real Estate company that
was founded in 2010 with its headquarters in New York City,
with branches spread out around the world.
2018 2019 2020 2021 2022
Locally, cubeworkspace.co.za, a South African company, was
founded in March 2013 with their head office located in Cape
Town. The trick is to identify what will set your enterprise apart
from the rest.
SOURCE Coworking resources
SA Real Estate Investor Magazine DECEMBER/JANUARY 2020
47