Number of flexible workspaces set to grow by 56% in 2022

(2 minutes to read)

Many self-employed workers will choose to use flexible workspaces, with perks including food services and conference rooms; they can also help to create a better work life balance for those who would usually work from home.

Latest findings have revealed that co-working spaces have rapidly grown over the last few years, reaching record levels and showing no signs of slowing.

The latest forecasts suggest global flexible spaces will soon cross the 20,000 mark and look set to reach 25,968 by 2022. This represents 56% growth in 2018 and reflects an average increase of more than 2,500 new spaces every year since 2015.

Last year saw a record 2,188 new space openings, with a new co-working space opening in London every five days and 7.5 days in New York City.

Discussing the evolution of flexible workspace, founder and CEO Richard Smith, said, “Today’s flexible workspace provides a habitat that supports staff wellness, staff welfare, helping companies become happy and productive places of work. As a result, the flexible workspace industry has attracted large corporations, enterprise companies, fintech, etc. etc.”

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He added, “Today’s flexible workspace can make you feel like a million dollars working in a 5-star hotel – I know this from personal experience – I describe the workspace (by FORA), that Office Freedom work out of in Soho, Central London as Office Paradise!

“The market continues to evolve and thrive. By 2030 up to 30% of office space occupied by the corporate sector is expected to be flexible workspace. At the moment well under 10% of the office real estate market is flex. As in any industry, in a cyclical world, there will inevitably be bumps in the road but relatively speaking it’s still very early days for the industry. Onwards and Upwards!”

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