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Published on April 21, 2019 by Hassan_Rajput

Co-working Spaces in Europe

According to a Coworking Europe 2010 survey (Huwart, Szkuta, & Osimo, 2010), over 150 coworking spaces have opened in various cities such as Amsterdam, Paris, Brussels, Berlin, Milan, Warsaw, Lisbon, Dublin, and Budapest. More than half of the coworking spaces surveyed were small, with 52% having only 8-19 seats. Less than one-fourth of the spaces, at 23%, had 20 to 49 seats. And 19% had the capacity to fit 50 to 100 members. The remaining 6% are really large facilities that had the capacity to have more than 100 seats. A majority of the coworking spaces surveyed were commercial companies, making up 75% of the market. Less than one fifth at 13% are non-profit organizations which reinforce the assumption that coworking spaces are profitable, even if it is in the long run of these services.

The public bodies constitute only 2% of the sample, and one-fourth of the spaces (23%) have a different legal entity (social enterprise or other). Additionally, only 25% of the coworking spaces surveyed said that they have received support from local public authorities to launch their project, while 75% of the coworking spaces were launched through a bottom-up initiative. At 51% almost half of the coworking spaces that took the survey said that they based their business model on subscription fees, and the other half combined subscription fees with event organization or other services. There was no coworking space surveyed that mentioned government subsidies as its revenue. The other 2.1% said that they used “other activity”. It is suggested that “it is another argument for a strong market value of these initiatives” (Huwart, Szkuta, & Osimo, 2010).

Most of the coworking spaces surveyed host an assorted mix of starting entrepreneurs, freelance workers and teleworkers (83%). Only 13% focus specifically on freelance and even less (4%) focus on starting entrepreneurs. Coworking Europe 2010 refers to another survey from Berlin University, which showed that women accounted for almost half of the sample (40%) and that the majority of coworkers range from 30 and 40 years old. A majority of the Coworking Europe 2010 survey respondents (66%) said that being in coworking space stimulated the creativity of the members to a large extent. Only one third was less enthusiastic and estimated that the creativity of the members is stimulated only every once in a while. Furthermore, a vast majority of the coworking spaces surveyed confirmed that the space generated at least one project started by coworkers who met in the coworking space (87%) (Huwart, Szkuta, & Osimo, 2010).

Co-working Spaces In North America

A recent survey of nearly 700 coworkers across North America, conducted by the Global Coworking Unconference Conference (GCUC) and Emergent Research (King & Ockels, 2015), revealed many benefits of coworking spaces. Of those surveyed:

• 84% were more engaged and motivated when working in a coworking environment;

• 67% claimed that coworking improved their professional success;

• 69% feel more successful since joining a coworking space.

The data collected also indicates that networking and the social aspect are what makes coworking spaces popular:

• 87% meet other members for social reason: 54% meet up after work and on weekends, 33% meet up during work hours

• 82% say that coworking expanded their professional network

• 80% turn to other coworking members for help, guidance, and to find or source work.

Coworking spaces also provide the opportunity for learning and gaining new skills:

• 69% learned new skills by collaborating with other members

• 68% reported that working at a coworking space improved their existing skill set.

On average those surveyed rated an 8.2 out of 10 in satisfaction with their coworking space. About 90% rated being highly satisfied or satisfied with their coworking space, only 5% rated being dissatisfied. Several key factors that play a role in making a coworking space successful:

• 95% said location was very important (68%) or important (27%)

• 83% said that a community manager was very important (43%) or important (40%)

• 82% said that the people in the space were very important (39%) or important (43%)

• 73% said that interior design was very important (26%) or important (47%).

Out of the respondents to the survey millennials (aged 21-34) seemed to get the most out of coworking spaces: 88% said that social networks expanded versus 75% of non-millennials; 88% said that professional networks expanded for them compared to the 77% of non-millennials; and 79% said that they collaborated more versus non- millennials. On average, members work 23 hours per week onsite and visit about 3.5 days out of the week. 64% of those surveyed report that their coworking space is their primary work space, with 27% reporting that home is their primary space, and 9% saying other (client site, employer site, etc.) (King & Ockels, 2015).



Category: Coworking