Though San Francisco experienced a 13% increase in centers offering coworking, flexible and hybrid office space, the city remains one of the most expensive places in the world in which to rent a desk, with average monthly costs ranging between $950 to $1500.
Recent findings show indie operators far outweigh industry giants, owning 93% of the US flexible workspace market, in comparison to the UK, France, and Germany, where larger operators dominate.
Despite the fact that coworking spaces are short-term and often provide managed services, recent data shows that in some cities, coworking office space is still nearly three times cheaper than traditional office space.
London, Hong Kong, Shanghai, Singapore – the global workspace market is booming. Here’s a quick look at prices and growth in the hottest of these global hotspots.