Qatar Co-Working Office Spaces Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 92.74 Billion |
| Market Size (2029) | USD 126.13 Billion |
| CAGR (2024 - 2029) | 6.34 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Qatar Co-Working Office Spaces Market Analysis
The Qatar Co-Working Office Spaces Market size is estimated at USD 92.74 billion in 2024, and is expected to reach USD 126.13 billion by 2029, growing at a CAGR of 6.34% during the forecast period (2024-2029).
- Large corporations are shifting towards more flexible office environments in order to boost staff productivity and cut costs. Foreign investments are also flooding into the sector, as Qatar offers many investment opportunities in the Middle East area and attracts firms from all over the world thanks to its facilities, flexible services, and digital solutions. The Qatar Free Zone Authority is establishing a "Free Zone" in the country in order to attract international occupiers and investors which will lead to the sector's development.
- COVID-19 had a minimal impact on the market. Though initially the lockdowns caused some disruption in the market, the long-term trends created by the pandemic will support the market growth over the forecast period. Employees have started preferring work-from-home and hybrid working after the pandemic. This is supporting the market growth.
- Meanwhile, in 2022, the demand for co-working spaces in Qatar was fuelled by startup culture and the spirit of entrepreneurship. Recent years have seen a rise in the number of shared working spaces in the country. The trend of rising demand for co-working spaces and flexible serviced office accommodation in Qatar is expected to continue.
Qatar Co-Working Office Spaces Market Trends
Growth of SMEs Driving The Market
Professionals from all industries occupy co-working spaces. These places give entrepreneurs moral, professional, and financial support as well as facilities to help them establish and grow their firms. Thus, the growth of SMEs is a growth opportunity for the market. Small and medium enterprises (SMEs) have emerged as the key driver of the Qatar’s economy and contributed more than 16% to non-oil gross domestic product. The country has introduced several incubation and accelerator programs to promote and support knowledge and expertise in SMEs. Also, the Qatari government has encouraged banks to offer new funding solutions to entrepreneurs. This initiatives for growing the SME landscape is creating demand for co-working office spaces across the country.
According to industry experts, Qatar is experiencing a huge increase in demand for co-working space, which is helping small and medium-sized businesses find new opportunities. The flexible workspace sector in Qatar supports entrepreneurs and youth and is characterized by creative and vibrant work environments that are exceptionally designed to encourage cooperation, enhance creativity, share ideas, and communicate. This contributes to the creation of new business opportunities for startups and entrepreneurs. Doha is emerging as a vital marketplace in the Middle East, with many companies planning to construct new centres and offices to fulfil the growing demand for co-working spaces, with support for entrepreneurs and youngsters being a key component of their expansion plans.
Office Space Transactions and Increasing Supply Indicate a Positive Outlook
In 2022, office leasing transactions witnessed significant growth in Qatar, whereas in Q1 2023, leasing activity was slow. Most activity in 2022 occurred in Lusail. In 2023, QIA, QNB, and Qatar Central Bank are planning to occupy Lusail Towers upon their completion. In February 2023, the QFC and Qatari Diar announced that the former has acquired more than 6,000 square meters of office space on Lusail Boulevard, joining Qatar Chamber, which is due to relocate to the same street shortly. The Lusail downtown area is expected to emerge as a financial district in the near future due to the upcoming relocation projects. The oil and gas sector fuelled the expansion and relocation activity in 2022, which resulted in three office deals over 3,000 square meters that have been confirmed in West Bay and The Pearl Qatar.
In addition, Msheireb Downtown Doha is also gaining traction as a commercial destination. Msheireb Properties has secured several commercial office lettings in the first quarter of 2023 with international companies from the oil and gas and financial services sectors. Additionally, there are upcoming transactions in the pipeline that are expected to be completed during Q2 2023. In Q1 2023, the purpose-built office space reached approximately 5.3 million square meters. The Al Dafna/West Bay district has the largest concentration of supply with more than 1.8 million square meters of gross leasable area, while the expanding supply of office accommodation in Lusail has surpassed 800,000 square meters. These transactions and increasing supply of office spaces indicate the demand for workspaces in the market.
Qatar Co-Working Office Spaces Industry Overview
The Qatari co-working office spaces market is moderately fragmented, with several players operating in the market. New players are also entering the market to meet the growing demand for casual environment offices. To acquire a competitive advantage, organizations in the Qatari co-working office market engage in a variety of growth and expansion tactics, such as strategic collaborations, mergers, and acquisitions. Some of the key players in the market include Servcorp, Co-worker, Easy Cowork, Alliance Business Centres Network, Regus, etc.
Qatar Co-Working Office Spaces Market Leaders
Servcop
Coworker
Easycowork
Alliance Business Centres Network
Regus
*Disclaimer: Major Players sorted in no particular order
Qatar Co-Working Office Spaces Market News
- September 2022: LiquidSpace (a hybrid workplace management platform) and OfficeRnD (the leading flexspace and hybrid work management software provider), announced a joint solution for managing the full ecosystem of hybrid work, named Hybrid Anywhere - from home to coworking to headquarters. Hybrid Anywhere brings together the LiquidSpace Marketplace and OfficeRnD's hybrid work platform to offer the first total hybrid workplace management solution. This new joint solution enables businesses to manage their own office base as part of their hybrid workplace strategy, giving their teams the seamless ability to work from anywhere.
- July 2023: Workinton Qatar, a globally connected, innovation and community-driven coworking hub, entered a partnership with Scale7, the first fashion and design business incubator in Qatar. The strategic partnership aims to empower aspiring fashion entrepreneurs in Qatar. Workinton Qatar will provide tailored office spaces, PRO services for establishing Trade Licenses, and access to an extensive community of like-minded professionals as part of the collaboration. Additionally, Fashionpreneurs will enjoy exclusive access to custom events and workshops designed to meet the unique needs of the fashion industry, provided by Workinton and its esteemed partners.
Qatar Co-Working 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 Market Dynamics
4.2.1 Drivers
4.2.1.1 Growing SMEs Driving the Market
4.2.2 Restraints
4.2.2.1 Limited Space Options
4.2.3 Opportunities
4.2.3.1 Increasing Office Spaces Availability
4.3 Insights on Technological Trends
4.4 Industry Value Chain Analysis
4.5 Brief on Government Regulations and Initiatives
4.6 Insights on Co-working Startups in Qatar
4.7 Industry Attractiveness - Porter's Five Forces Analysis
4.7.1 Bargaining Power of Buyers/Consumers
4.7.2 Bargaining Power of Suppliers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products
4.7.5 Intensity of Competitive Rivalry
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By End User
5.1.1 Personal User
5.1.2 Small Scale Company
5.1.3 Large Scale Company
5.1.4 Other End Users
5.2 By Type
5.2.1 Flexible Managed Office
5.2.2 Serviced Office
5.3 By Application
5.3.1 Information Technology (IT and ITES)
5.3.2 Legal Services
5.3.3 BFSI (Banking, Financial Services, and Insurance)
5.3.4 Consulting
5.3.5 Other Applications
5.4 By Geography
5.4.1 Doha
5.4.2 Ar Rayyan
5.4.3 Umm Salal Muammad
5.4.4 Other Areas
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Servcorp
6.2.2 Coworker
6.2.3 EasyCowork
6.2.4 Alliance Business Centres Network
6.2.5 Regus
6.2.6 Instantoffices
6.2.7 Workinton
6.2.8 Matchoffice
6.2.9 Marhaba
6.2.10 Arafat Business Center Qatar
6.2.11 Liquidspace*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. APPENDIX
Qatar Co-Working Office Spaces Industry Segmentation
Co-working spaces refer to working arrangements in which people from different teams and companies come together to work in a single shared space. Co-working space is characterized by shared facilities, services, and tools. Sharing infrastructure in this way helps to spread the cost of running an office across members. The Qatari Co-Working Spaces Market size indicates the revenue generated by co-working spaces companies in the country.
The report covers a complete background analysis of the Qatar Co-Working Spaces Market, which includes an assessment of the sector and contribution of the sector to the economy, market overview, market size estimation for key segments, key developments, and emerging trends in the market segments, market dynamics, and key statistics. The report also covers the impact of COVID-19 on the market.
The Qatari co-working office spaces market is segmented by end user (personal user, small scale company, large scale company, and other end users), type (flexible managed office and serviced office), application (information technology (IT and ITES), legal services, BFSI (banking, financial services, and insurance), consulting, and other services), and geography (Doha, Ar Rayyan, Umm Salal Muḩammad, and Other Areas). The report offers market size and forecasts for the co-working office spaces market in Qatar in value (USD) for all the above segments.
| By End User | |
| Personal User | |
| Small Scale Company | |
| Large Scale Company | |
| Other End Users |
| By Type | |
| Flexible Managed Office | |
| Serviced Office |
| By Application | |
| Information Technology (IT and ITES) | |
| Legal Services | |
| BFSI (Banking, Financial Services, and Insurance) | |
| Consulting | |
| Other Applications |
| By Geography | |
| Doha | |
| Ar Rayyan | |
| Umm Salal Muammad | |
| Other Areas |
Qatar Co-Working Office SpacesMarket Research FAQs
How big is the Qatar Co-Working Office Spaces Market?
The Qatar Co-Working Office Spaces Market size is expected to reach USD 92.74 billion in 2024 and grow at a CAGR of 6.34% to reach USD 126.13 billion by 2029.
What is the current Qatar Co-Working Office Spaces Market size?
In 2024, the Qatar Co-Working Office Spaces Market size is expected to reach USD 92.74 billion.
Who are the key players in Qatar Co-Working Office Spaces Market?
Servcop, Coworker, Easycowork, Alliance Business Centres Network and Regus are the major companies operating in the Qatar Co-Working Office Spaces Market.
What years does this Qatar Co-Working Office Spaces Market cover, and what was the market size in 2023?
In 2023, the Qatar Co-Working Office Spaces Market size was estimated at USD 87.21 billion. The report covers the Qatar Co-Working Office Spaces Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Qatar Co-Working Office Spaces Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Qatar Co-Working Office SpacesIndustry Report
Statistics for the 2024 Qatar Co-Working Office Spaces market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Qatar Co-Working Office Spaces analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
