Coworking has witnessed tremendous growth over the past five years and its’ popularity is enormous. It started out as an ideal choice for entrepreneurs, freelancers and startups. More recently however, a growing number of large companies took part in this concept as well.

Nowadays, there are approximately 18.000 coworking spaces around the globe. Moreover, according to Coworking Resources the number should reach 26.000 by 2022.

In order to keep up with the growth, we have distinguished a few key trends that could affect coworking in the near future.

Coworking is a Global Trend

Affordable coworking spaces are in demand today, more than ever. Coworking concept offers a motivating environment at a bargain cost, all wrapped up in all sorts of flexibility. No wonder it’s getting more popular by the second. Coworking spaces started emerging all over the globe.

Considering only the largest players in the game, we have IWG from Europe, WeWork from Asia, Spaces from US, Impact Hub in South America and so on.  
To sum up, coworking spaces can be found in every major market around the world.

Larger Coworking Spaces

Coworking spaces are growing, not only in numbers, but in size as well.

Not so long ago, large coworking spaces were rarely over 20.000 square feet. Nowadays, though, it is no surprise if you come by a space with over 100.000 square feet.
Five times the size.

Small businesses, freelancers, even large companies have all realized the upsides of coworking, and the demand for an extra chair has become perpetual. Furthermore, the growth is expected to continue.

The Focus Shifts to Niches

Some giants in terms of coworking companies have already been mentioned. Regardless of their size, WeWork for example still isn’t making a profit.
Smaller companies, however, are able to grow faster and deliver profit quickly. This is feasible by focusing on the niches. 

Targeting specific industries can prove to be an outstanding tactic. By specializing, the coworking facilities can give access to expertise. In addition, they can create a community of like-minded individuals with shared goals and a developing shared economy.

Some of the most notable coworking companies that followed this model are Food Loft, Convene and MakeOffice.

And even the aforementioned WeWork is developing side-ventures, such as WeLive and WeGrow.

Big Companies at Coworking Spaces

Yes, some of the biggest corporations have also switched to coworking concept. This includes companies like Verizon, KPMG, Microsoft, IBM and much more.

This concept enables huge companies to stay in tune with the trends. Moreover, their teams have better access to education and innovation.

Lastly, coworking spaces are simply reducing initial real estate costs and providing much more flexibility, while giving individuals an opportunity to develop and grow.

There are collaborating spaces everywhere, and they serve to everyone’s comfort and productivity. Innocospace which is located in San Mateo is an ideal answer for your coworking needs. It mainly intends to give new companies and specialists a space to work together and succeed with their goals. Innocospace does precisely what cooperating world was made to do, giving another sort of enhancement and opportunity to develop in a great workspace at a reasonable cost.