DUBLIN–(BUSINESS WIRE)–The “Coworking Space Global Market Report 2021: COVID-19 Growth and Change to 2030” report has been added to ResearchAndMarkets.com’s offering.
This report focuses on the coworking spaces market which is experiencing strong growth. The report gives a guide to the coworking spaces market which will be shaping and changing our lives over the next ten years and beyond, including the market’s response to the challenge of the global pandemic.
Major players in the coworking spaces market are Wework, Regus Corporation (IWG Plc), Mix Pace, Knotel, Inc., SimplyWork, District Cowork, Premier Workspaces, Krspace, Convene and Servcorp Limited.
The global coworking space market is expected to grow from $7.97 billion in 2020 to $8.14 billion in 2021 at a compound annual growth rate (CAGR) of 2.1%.
The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The market is expected to reach $13.03 billion in 2025 at a CAGR of 12%.
The coworking spaces market consists of coworking space rental revenues earned by entities (organizations, sole traders and partnerships) that provide coworking workspaces on rent or lease. Unlike traditional office rental, the cost of renting coworking…
