We released our 2016 global coworking forecast today. As I point out in the post, the coworking industry has become a complex and difficult industry to keep up with. You guys are simply growing, mutating, creating and innovating way too much:) So this forecast is at best our best guess (even the historical data is more of an estimate than we would like).
We are forecasting the global industry will grow from roughly 11,000 spaces this year to a bit over 26,000 in 2020. This is a compounded annual growth rate of 23.8%. We’re forecasting member growth at a 41% CAGR and 3.8 million members in 2020. See the article for more details.
In other words, we are saying coworking is big and going to get a lot bigger.
The members of this and the broader coworking industry should stop for a few minutes and reflect on what’s been accomplished.
This industry has truly been built by a grassroots community - which is very rare. Yes, big money and bigger firms have moved in, but they are simply extending the grassroots efforts. And the impact of the coworking industry is much broader than the numbers reflect because coworking work styles are being widely adopted by organizations of all types.
Congratulations to all of you!