Market Size of Bahrain Co-Working Office Space Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 18.94 Billion |
| Market Size (2029) | USD 25.65 Billion |
| CAGR (2024 - 2029) | 6.26 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Bahrain Co-Working Office Space Market Analysis
The Bahrain Co-Working Office Space Market size is estimated at USD 18.94 billion in 2024, and is expected to reach USD 25.65 billion by 2029, growing at a CAGR of 6.26% during the forecast period (2024-2029).
- Huge businesses cancelled flexible office memberships to save on costs. And while some co-working space operators remain open for business, they are mandated to adhere to safety and social distancing measures, which considerably impact the space allocated for occupants within a shared location. COVID-19 had a significant impact on the Co-Working Spaces marketin the country leading the demand for shared office spaces to drop over the course of the lockdowns.
- However, post pandemic, businesses will find ways to avoid big-ticket spending and huge financial commitments. This, in turn, will drive demand for pre-built corporate spaces and lease flexibility.
- Flexible office spaces including co-working are still at a nascent stage in the region. The current flexible office space landscape is largely dominated by domestic players or niche operators. Certain key global brands are yet to enter the market and others have not introduced their full-service offerings. Occupiers on the other hand are contemplating regulatory and other implications of flexible spaces on their local operations.
