What is the coworking capital of the world?
Coworking has taken the business world by storm (but you knew that already). Companies across the globe are replacing their office leases for flexible arrangements, and many are investing in local coworking memberships for their employees.
With coworking a ubiquitous practice now, the amount of data relating to it is abundant. Later, we’ll share some of the insights we’ve gleaned from looking at our own data. But first, let’s take a look at some intriguing stats from BNG, published in October 2022.
The best places in the world to cowork
According to BNG, London is the coworking capital of the world.
You’re probably wondering how they came to that conclusion.
To find out which locations are best for coworking, BNG looked at 53 cities around the world, honing in on information about the number of spaces available, the average membership cost, WiFi speed, search volume data and happiness ranking.
Through their research, BNG revealed London to be the best city for coworking. The UK capital is home to 1,322 coworking spaces, which is 1,000 more than Paris, the city with the second highest number of coworking spaces. Demand is high too, with 4,400 searches for coworking per month. It’s not all plain sailing for Londoners though.
The average price of a coworking desk in London is $308USD – 35% higher than the average for the other 14 cities that make up the top 15 cities to cowork in list. WiFi speed isn’t tip top, however it’s not that bad either at 102.24 Mbps.
Singapore is the second best place to cowork, followed by Berlin. Although they have significantly less coworking options, the populations are smaller. The average cost of a monthly membership is also lower, which perhaps makes it more accessible. Berlin is the third happiest city (Copenhagen comes top for smiles, followed by Amsterdam).
BNG also investigated which cities are best for commuters. Find out more, check out the useful infographics on their article containing all the research findings.
Bangkok is the 4th best place to cowork, according to BNG.
Which US city has the most coworking spaces?
BNG wasn’t the only firm investigating the coworking scene in October. Coworking Cafe were also busy revealing which US locations are home to the most coworking spaces.
“The Golden State”, aka California, is home to 1,188 coworking spaces, which is more than any other state. (London still has more though, as we’ve already discovered!) This is a big jump from the runner up, Texas, which has 652 coworking spaces.
New York City is the city with by far the most coworking spaces. It’s home to 456 in total, with 333 in Manhattan and 100 in Brooklyn. The city itself accommodates a whopping 900,000 remote workers, so its proliferation of spaces comes as no surprise.
Brass Factory is one of 100 coworking spaces in Brooklyn.
A global coworking CRM
At Nexudus, our coworking software is used by coworking spaces in over 90 countries.
Our Members Portal, which is the customer-facing side of the Nexudus platform, can translate into 13 different languages, including English, Spanish, Portuguese, French, German, Italian, Arabic, Hebrew, Japanese, Dutch, Norwegian, Polish and Swedish.
Our global presence and 10-year history of working closely alongside coworking and flex workspaces allows us to conduct our own research into the coworking industry, and get really granular with the insights we provide. That's why we recently lunched Flexspace Observatory, providing the best way yet to visualise the data and trends that are driving our industry.
Head over to this brand new site today and dive into all the trends and insights we have gained from over 10 years in the industry.
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