North America Coworking Spaces Market Size

Statistics for the 2023 & 2024 North America Coworking Spaces market size, created by Mordor Intelligence™ Industry Reports. North America Coworking Spaces size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of North America Coworking Spaces Industry

North America Coworking Spaces Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 5.11 Billion
Market Size (2029) USD 8.58 Billion
CAGR (2024 - 2029) > 11.00 %
Market Concentration Low

Major Players

North America Coworking Spaces Market Major Players

*Disclaimer: Major Players sorted in no particular order


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North America Coworking Spaces Market Analysis

The North America Coworking Spaces Market size is estimated at USD 5.11 billion in 2024, and is expected to reach USD 8.58 billion by 2029, growing at a CAGR of greater than 11% during the forecast period (2024-2029).

  • The global expansion in the number of startups significantly impacts the coworking space industry. The United States is the leading country by the number of startups 75,056 in FY 2022-23. The extension of internet space, exposure to entrepreneurial expertise outside the country's borders, and better literacy rates all contribute to the rise.
  • Furthermore, advanced manufacturing and robotics, agriculture technology and novel food, blockchain and artificial intelligence, big data, and analytics were the fastest-expanding startup sub-sectors worldwide. As a result, the growing number of startups in various sectors worldwide raised the demand for coworking spaces, boosting the market over the projection period.
  • Sustainable coworking space development is a significant trend affecting the coworking space industry. Coworking spaces are introducing eco-friendly measures in the workplace to attract entrepreneurs worried about environmental challenges, such as global warming. Sustainable measures used by coworking space providers bring significant benefits and are economically possible.
  • Furthermore, expanding investments in specialty coworking spaces such as women-only spaces, LGBTQ+ spaces, and other social spaces will likely generate profitable opportunities as they become more popular to meet the growing diversity in SMEs such as on-premise childcare.

Coworking Spaces Market in North America Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)