Co-working was among the most popular trends in space management in the 3-4 years before the pandemic.

Over 80% of employees say working in a co-working space makes them happier (89%), less lonely (83%), and more motivated to work (84%). Most employees globally report that they have learned a new skill (69%) or improved their existing skills (68%) in a co-working office.

Although office working has been impacted by COVID-19 and home working policies, co-working spaces are expected to be the future in the post-COVID world of work. Growth is forecast from $13.6 billion in 2021 to $16.17 billion in 2022 and $30.36 billion by 2026 at an annual rate of 17.0%.

The Asia-Pacific currently has 11,592 co-working spaces, almost twice as much as the United States with 6,293. Most users globally are freelancers. Countries will soon start gradually returning to normal and organizations are questioning how many days a week employees should be in the office for maximum efficiency. A hybrid model will affect commercial real estate like malls too. Developers have to ask how to attract people and business.

Implications for the future:

- Future offices will cover both the physical and virtual world, including online meeting rooms and databases.

- Immersive technologies such as VR/AR and holograms may draw in people but their concept and presentation style must be engaging.

Reference:

- Howell, T. (2022). Coworking spaces: An overview and research agenda. Research Policy, 51(2), 104447. https://doi.org/10.1016/j.respol.2021.104447

- https://www.globenewswire.com/.../Coworking-Space-Market...

- https://www.smallbizgenius.net/.../coworking-statistics/...

- https://www.forbes.com/.../the-freelance-revolution.../...

- https://www.thebusinessresearchcompany.com/.../coworking....

- https://www.office-hub.com/th/co-stats

- https://epub.uni-bayreuth.de/6067/

- https://www.yardikube.com/.../flexibility-in-the-future.../

- https://www.corporatesuites.com/what-to-look-for-in-a.../

- https://www.hubstar.com/blog/the-rise-of-co-working-spaces/

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