Facility Management

The rise, fall and rise again of coworking

Co-working spaces were launching and expanding across major cities everywhere prior to the pandemic.

Thanks to technological advancements and changes in the labour market, remote and flexible work had become more commonplace. Freelancers, ‘solopreneurs’ and start-ups, seeking community and amenities, flocked to this ‘third workplace’ between the office and the home.

As a result, the second half of the 2010s saw aggressive growth in the sector. A 2019 survey by the co-working magazine found the number of spaces globally increased from 8900 in 2015 to 22,000 in 2019.

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