Coworking is quickly becoming the new normal and is expected to continue growing at rapid rates. It is projected that in a 5-10 years traditional offices spaces will begin to die down and the majority of the workforce will work out of some sort of variation of a coworking space.

Here are some statistics that prove that coworking is not only here to stay, but that it’s a rapidly growing industry

• There are currently 14,411 coworking spaces in the world today

• The number of coworking members will rise to 3.8 million by 2020 and 5.1 million by 2022

• Shared workspaces have grown at a rate of 200% over the past five years

• The number of coworking members will rise to 3.8 million by 2020 

• 50% of coworkers report higher incomes

• 60% of coworkers report a healthier work-life balance

• By 2020 50% of large companies will have some form of shared office space

• 84% of people who use coworking spaces are more engaged and motivated

• 89% of coworkers reported feeling happier and healthier 

Do you relate to any of these statistics? Are you excited for the future of coworking? Let us know!

For more statistics head over to All Work Space and Officevibe