Our U.S. coworking forecast projects continued growth for the U.S. coworking industry over the next 5 years.
Our forecast average annual growth rate for U.S. spaces over the forecast period (2017 to 2022) is, by coworking's standards, a relatively modest 9%.
This is considerably slower than our global forecasted space rate of growth forecast, which is 16.1% over this time frame. The slower rate is due to the greater maturation of the U.S. market.
But member growth is forecast to grow a much more robust 14.7% average annual growth rate.
This is due to the increasing size of coworking spaces (see our global forecast article for more details) and results in the number of U.S. coworking members doubling over the forecast period.
We continue to be very optimistic about the future of coworking. We also think the U.S. market will likely accelerate again in a few years due to larger corporations embracing coworking.
But we think it will take a few years for large corporations to meaningfully move to coworking. So over the next couple of years growth will be driven by coworking's traditional customers, independent workers and startups.
This will likely lead to slower near term growth, especially in the many U.S. cities that are already well penetrated by coworking spaces.
As we've point out in the past, we've consistently been low with our coworking forecasts. We won't be surprised if we are low again with this one.
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