Our research assistants have been working away developing a count of the number of coworking facilities in the US. While we are not done, it looks like our estimate will be in 250 range. Our estimate last december came to about 215-220.
Several interesting things about the count: 1. It is getting harder to do this. The main reason is coworking is evolving, blurring, hybridizing and shifting. For example, incubators are becoming coworking facilities, coworking facilities are becoming incubators and lots of facilities of various types are adding (or at least claiming to add) coworking features. Many of these "semi- coworking" facilities share some or many of the attributes of a traditional coworking space, but in other ways aren't coworking as we tend to think of it. While I think the evolution of coworking and the growth of hybrids is a good thing, it makes it much harder to decide whether or not a specific facility should be counted as a coworking facility. It also challenges our ability to do a consistent count over time. There is already a risk our we are counting apples and oranges instead of just apples. We will post our facilities list once it has been cleaned up a bit. 2. There is a fair amount of facility churn. About 10-15% of facilities on our list in December have fallen off our current list due to closure or shifts in direction. There are, obviously, a lot of new facilities on our list. Some are green field and others are existing spaces that have added and/or shifted to a coworking model. While we aren't focused on coworking business models at this time, it does appear to be an area ripe for research:). 3. Coworking has moved beyond the major cities and is spreading rapidly in mid-sized cities and smaller towns. 4. The number of niche or targeted coworking facilities (aimed at writers, or telecommuters, or social entrepreneurs, or makers, etc.) is growing. It is a logical extension of the "like minded people" phrase we so often hear and use when discussing coworking. 5. There are lots of facilities under development with plans to open in the next 6-12 months. It appears to us that the facility growth rate is accelerating due to the addition of new facilities and re- purposing of existing non-coworking facilities. Given how few facilities there are relative to the potential addressable market, an accelerating growth rate is not surprising. Steve -- You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/coworking?hl=en.
