Coworking Space

The volume of Coworking is increasing day by day. Coworking, which has become a part of the real estate, has also led to a major change in office rental. Today, coworking is growing annually at the rate of %20 in global cities such as New York and Chicago and has a leading role in the market in Asia Pacific countries. In India, one of the leading countries in the industry, the potential market size of the coworking segment is between $12–16M ; in 2018, it is estimated that there will be $400M coworking investments in India.

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According to recent researches, the average monthly income of a coworking space is around $30.000 in the world. Globally, an average revenue is calculated as $400 per member, $590 per desk, and $4.30 per square meter; the average number of members is 82, desks is 70 and the working area is 800m2.

Within the scope of these figures, the cost of coworking spaces, which are increasing in number every day in the world, is $450,000 in 2018, while the average cost in 2017 was $240,000. The reasons for this augmentation are the increase in expectations, the size of the space and the number of members.

Today’s fast-growing industry, coworking, is increasing the number of members and areas with an average income of $30,000 per month

Coworking has brought with it great changes in the way people work, as well as the real estate industry. Medium and large companies, as well as small businesses and entrepreneurs, have begun to use coworking areas to better manage their workforce in certain areas.

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The first known coworking area was Citizen Space, which was opened in San Francisco 10 years ago. The first example in Turkey was opened six years ago in Istanbul on Urban Station partnership. With the end of the partnership in 2014, the chain continues to exist as a domestic company under the name of Workinton.

In this rapidly growing sector, the number of employees worldwide is expected to reach 3.8 million in 2020 and 5.1 million in 2022, compared to 1.27 million in 2017.

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