Growth in co-working segment far from tapped out, study reveals
All of the big European office markets still bear enormous growth potential for co-working providers, a study by Colliers International reveals. Despite the stellar growth of the last four years, during which the number of providers increased by 135 % and the number of co-working centers exploded by 205 %, flexible office space only accounted for an average of 1.5 % of the total office markets in the 22 cities surveyed at the end of 2018. In the German top 7 locations, that proportion ranged from only 0.3 % in Stuttgart to 0.9 % in Berlin and Frankfurt. In the coming years, the share of flexible space is expected to grow to 10 %, cities with a high density of high-tech and media companies could conceivably see 20 to 30 %. Fears of “disproportionate growth” of flexible office space are exaggerated, Colliers states. A co-working study recently conducted by Art-Invest spoke of growth potential of 15 to 30 %.
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