
Deals for flexible offices in Europe in 2018 (thousand sqm)
- Widespread growth reported by countries throughout Europe
- Medium-sized units steadily gaining ground
- London, Paris and Warsaw are the densest markets with a lot of coworking spaces opening, mainly driven by major global players
Ever-larger units
London, Paris and Warsaw have the densest coworking markets
After the explosion in the number of coworking spaces in recent years, which has jumped from about 1,000 worldwide in 2012 to over 18,000 today, the market should be stabilising or even consolidating in certain places. Given that a quarter of coworking spaces around the world were still unprofitable in 2018, the market needs to have a rethink and evolve over the coming years. Because whereas coworkers benefit from the flexibility offered by this model, the coworking brands themselves are signing up to leases without break options and have to make their models profitable over the long term. Moreover, independent players without the means to take on the big brands are bound to position themselves on specific segments. However, the trend is towards new forms of collaboration and coworking is now a fixed part of the service landscape
Richard Malle, Global Head of Research BNP Paribas Real Estate
Focus on London, Paris and Warsaw
London

Paris

Warsaw
