Shared office Spaces Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Global Shared Office Spaces Market Report is Segmented by Type (Co-Working Space, Serviced Offices / Executive Suites, and Others (Hybrid, Virtual Office)), by End-Use (information Technology (IT and ITES), BFSI (Banking, Financial Services and Insurance), Business Consulting & Professional Services and Other Services (Retail, Lifesciences, Energy, Legal Services), and by User (freelancer, Enterprises, Start Ups and Others) by Geography (North America, Asia Pacific, Europe, Middle East & Africa, and Rest of the World). The Report Offers Market Size and Market Forecasts for Global Shared Office Spaces Market in Value (USD).

Shared office Spaces Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Shared Office Spaces Market Size

Shared Office Spaces Market Summary
Study Period 2020 - 2030
Market Size (2025) USD 62.63 Billion
Market Size (2030) USD 96.19 Billion
CAGR (2025 - 2030) 8.96 %
Fastest Growing Market Asia-Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Shared Office Spaces Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Shared Office Spaces Market Analysis

The Shared Office Spaces Market size is estimated at USD 62.63 billion in 2025, and is expected to reach USD 96.19 billion by 2030, at a CAGR of 8.96% during the forecast period (2025-2030).

  • The pandemic-era boom in remote work is fundamentally intact, despite all manner of coaxing, cajoling and threatening by employers to get workers back into the office. The work from anywhere dynamic is unhealthy for the traditional office sector, with fewer employees utilizing once-bustling commercial buildings. In contrast, the future is relatively bright for the shared workspace sector as a whole. Enormous numbers of customers are moving out of the long-term lease space. Co-working spaces should continue to flourish in the post-pandemic era, especially as traditional offices fall out of favor, and fewer large-scale properties get built.
  • Based on historical data from 2018 through 2022, the total number of coworking spaces is set to reach nearly 42,000 worldwide by the end of 2024. This means that more and more coworking businesses will appear in the next years, bringing in more competition for incumbents and new market players. This significant statistic holds great significance in assessing the present landscape of coworking, offering valuable foresight into the industry's promising future prospects. It underscores the increasing adoption of coworking as a viable choice for diverse work requirements and highlights its potential to reshape the way people approach their professional endeavors.
  • Across the coworking landscape, the average capacity of these dynamic workspaces stands at approximately 83 individuals worldwide. Delving deeper into regional variations, coworking spaces in the United States boast an average capacity of 105 people, signalling their potential to accommodate larger communities. While Asia takes the lead in terms of average capacity, accommodating an impressive 114 people per coworking space, South America showcases a comparatively lower average of 54 individuals, reflecting the diverse landscape of coworking trends in different continents.
  • Asia-Pacific region has become a global leader with 11,000 co-working spaces. Asia-Pacific accounts for more than one-third of all global coworking spaces. Although the biggest market for coworking businesses is currently the APAC region, coworking spaces are most popular in the U.K., London in particular, and are becoming increasingly popular in regions like North America. North America has the largest coworking space area with an average size of 9,799 sq. ft. followed by Asia (8,101 sq. ft.) and Europe (7,244 sq. ft.).

Shared Office Spaces Industry Overview

The shares office space market is fragmented in nature with a presence of several players in the market. WeWork, IWG Group, JustCo, Servcorp Limited, Industrious are some of the major players in the market. With the rising cost of rents in tier 1 and tier 2 cities, many SMEs and entrepreneurs are choosing coworking spaces to gain access to better facilities at a cheaper cost. There is a booming demand for shared office spaces globally.

While industry leaders like WeWork are thriving, the boom in demand for co-working spaces is spilling over into other industries, where any design-focused space can become a co-working venue. Serendipity Labs, for example, is working with hotels on coworking franchises. Libraries, coffee shops and traditional commercial buildings are also adding more coworking like amenities and spaces. And, of course, the traditional coworking and office suite companies continue to expand. The result of all this is increased competition.

This competition will impact the coworking industry in a variety of ways, with a big one being increased pressure on spaces to execute well. Increasing competition is normal in growing industries. The downside is some industry participants get hurt or even go out of business. We will likely see more coworking space failures over the next couple years.

Shared Office Spaces Market Leaders

  1. WeWork

  2. JustCo

  3. Servcorp Limited

  4. IWG Group

  5. Industrious

  6. *Disclaimer: Major Players sorted in no particular order
Shared Office Spaces Market Concentration
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Shared Office Spaces Market News

  • June 2023: Premium hospitality-led coworking space, THE GREAT ROOM by Industrious, is announced its expansion into the Australian market. The Great Room is set to open its doors in the heart of Sydney’s CBD at Level 29, 85 Castlereagh Street, marking its first foray into the country in partnership with Australia & New Zealand-based asset manager 151 Property. Spanning 1,200 sqm, 35 dedicated offices and enterprise customised spaces, the new Sydney location will overlook iconic Hyde Park and provide the same high standard of comfort, aesthetics, and performance synonymous with The Great Room brand.
  • July 2023: Instacart - a grocery aggregator - announced a partnership with Industrious, a coworking space company with more than 160 locations across more than 65 cities, to provide same-day delivery at all the firm’s U.S. offices and free yearlong Instacart+ memberships to Industrious business customers. The coworking firm’s audience is small and large teams, and as such, this kind of partnership could be appealing to businesses trying to find perks to incentivize employees to come into the office at key times, given the population’s growing interest in working remotely.

Shared Office SpacesMarket Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Government Regulations and Initiatives
  • 4.3 Industry Value Chain/Supply Chain Analysis
  • 4.4 Technological Trends
  • 4.5 Insights on Shared Office Spaces Cost
  • 4.6 Insights on Co-working Startups
  • 4.7 Impact of COVID-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Drivers
    • 5.1.1 Increasing Adoption of Remote and Hybrid Work Model
  • 5.2 Restraints
    • 5.2.1 Lack of Privacy
  • 5.3 Opportunities
    • 5.3.1 Niche Coworking Spaces
  • 5.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 5.4.1 Bargaining Power of Suppliers
    • 5.4.2 Bargvaining Power of Buyers/Consumers
    • 5.4.3 Threat of New Entrants
    • 5.4.4 Threat of Substitutes
    • 5.4.5 Intensity of Competitive Rivalry

6. MARKET SEGMENTATION

  • 6.1 By Type
    • 6.1.1 Co-Working Space
    • 6.1.2 Serviced offices / Executive suites
    • 6.1.3 Others (Hybrid, Virtual Office)
  • 6.2 By End Use
    • 6.2.1 Information Technology (IT and ITES)
    • 6.2.2 BFSI (Banking, Financial Services and Insurance)
    • 6.2.3 Business Consulting & Professional Services
    • 6.2.4 Other Services (Retail, Lifesciences, Energy, Legal Services)
  • 6.3 By User
    • 6.3.1 Freelancers
    • 6.3.2 Enterprises
    • 6.3.3 Start Ups
    • 6.3.4 Others (Remote Worker, Digital Nomads)
  • 6.4 By Geography
    • 6.4.1 North America
    • 6.4.1.1 United States
    • 6.4.1.2 Canada
    • 6.4.1.3 Mexico
    • 6.4.2 Asia-Pacific
    • 6.4.2.1 India
    • 6.4.2.2 China
    • 6.4.2.3 Singapore
    • 6.4.2.4 Japan
    • 6.4.2.5 South Korea
    • 6.4.2.6 Vietnam
    • 6.4.2.7 Australia
    • 6.4.2.8 Rest of Asia-Pacific
    • 6.4.3 Europe
    • 6.4.3.1 Germany
    • 6.4.3.2 United Kingdom
    • 6.4.3.3 Spain
    • 6.4.3.4 France
    • 6.4.3.5 Italy
    • 6.4.3.6 Rest of Europe
    • 6.4.4 Middle East & Africa
    • 6.4.4.1 United Arab Emirates
    • 6.4.4.2 Saudi Arabia
    • 6.4.4.3 Egypt
    • 6.4.4.4 Rest of Middle East and Africa
    • 6.4.5 Rest of the world

7. COMPETITIVE LANDSCAPE

  • 7.1 Overview (Market Concentration and Major Players)
  • 7.2 Company Profiles
    • 7.2.1 WeWork
    • 7.2.2 IWG Group
    • 7.2.3 JustCo
    • 7.2.4 Servcorp Limited
    • 7.2.5 Industrious
    • 7.2.6 Serendipity Labs
    • 7.2.7 Breather
    • 7.2.8 Simpliwork
    • 7.2.9 Knotel
    • 7.2.10 District Cowork
    • 7.2.11 Convene*
  • *List Not Exhaustive

8. FUTURE OF THE MARKET

9. APPENDIX

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Shared Office Spaces Industry Segmentation

Shared office space or coworking space is an arrangements in which workers for different companies share an office space. It allows cost savings and convenience using common infrastructures, such as equipment, utilities and receptionist and custodial services, and in some cases refreshments and parcel acceptance services. It is attractive to independent contractors, independent scientists, remote workers, digital nomads, and people who travel frequently.

Global Shared Office Spaces Market Report is segmented by type (Co-Working Space, Serviced offices / Executive suites, and Others (Hybrid, Virtual Office)), by end-use (information technology (IT and ITES), BFSI (Banking, Financial Services and Insurance), Business Consulting & Professional Services and Other Services (Retail, Lifesciences, Energy, Legal Services), and by user (freelancer, enterprises, start ups and others) by geography (North America, Asia Pacific, Europe, Middle East & Africa, and Rest of the world). The report offers market size and market forecasts for Global shared office spaces market in Value (USD).

By Type Co-Working Space
Serviced offices / Executive suites
Others (Hybrid, Virtual Office)
By End Use Information Technology (IT and ITES)
BFSI (Banking, Financial Services and Insurance)
Business Consulting & Professional Services
Other Services (Retail, Lifesciences, Energy, Legal Services)
By User Freelancers
Enterprises
Start Ups
Others (Remote Worker, Digital Nomads)
By Geography North America United States
Canada
Mexico
Asia-Pacific India
China
Singapore
Japan
South Korea
Vietnam
Australia
Rest of Asia-Pacific
Europe Germany
United Kingdom
Spain
France
Italy
Rest of Europe
Middle East & Africa United Arab Emirates
Saudi Arabia
Egypt
Rest of Middle East and Africa
Rest of the world
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Shared Office SpacesMarket Research FAQs

How big is the Shared Office Spaces Market?

The Shared Office Spaces Market size is expected to reach USD 62.63 billion in 2025 and grow at a CAGR of 8.96% to reach USD 96.19 billion by 2030.

What is the current Shared Office Spaces Market size?

In 2025, the Shared Office Spaces Market size is expected to reach USD 62.63 billion.

Who are the key players in Shared Office Spaces Market?

WeWork, JustCo, Servcorp Limited, IWG Group and Industrious are the major companies operating in the Shared Office Spaces Market.

Which is the fastest growing region in Shared Office Spaces Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Shared Office Spaces Market?

In 2025, the Asia Pacific accounts for the largest market share in Shared Office Spaces Market.

What years does this Shared Office Spaces Market cover, and what was the market size in 2024?

In 2024, the Shared Office Spaces Market size was estimated at USD 57.02 billion. The report covers the Shared Office Spaces Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Shared Office Spaces Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Shared Office SpacesIndustry Report

Statistics for the 2025 Shared Office Spaces market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Shared Office Spaces analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.