North America Coworking Spaces Market Size, Share & Trends Analysis Report By Type, By Application (SMEs, Freelancers, Large Size Enterprises, and Other Application), By Industry Vertical, By Country and Growth Forecast, 2024 - 2031

The North America Coworking Spaces Market would witness market growth of 14.5% CAGR during the forecast period (2024-2031).

The US market dominated the North America Coworking Spaces Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10,954.4 million by 2031. The Canada market is experiencing a CAGR of 16.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 16% during (2024 - 2031).

These spaces are work environments in which individuals or groups from various companies, professions, or industries come together to work in a communal setting. Unlike traditional office spaces, these spaces are typically designed to offer flexibility, allowing members to use the space on a short-term or long-term basis, depending on their needs. These spaces provide access to essential office amenities such as desks, high-speed internet, meeting rooms, and communal areas without a long-term lease commitment.

The core idea behind these spaces is to create a productive environment that fosters collaboration, innovation, and networking. People from various backgrounds, such as freelancers, entrepreneurs, remote workers, startups, and even employees from large corporations, share the space, which helps build a community and offers opportunities for professional connections. In addition to hosting events, seminars, and networking sessions, numerous these spaces also promote knowledge-sharing and collaboration among their members.

The demand for these spaces in North America has increased considerably as a result of the emergence of remote and hybrid work models, changing work habits, and a burgeoning gig economy. In the United States, gig work is the principal occupation for 29% of the workforce. This encompasses 25% of all full-time employees and 50% of all part-time employees. 36% of individuals, including those who hold multiple jobs, engage in contract work in some capacity. Major cities like New York, San Francisco, and Austin have seen particularly strong demand, driven by a booming tech industry and the widespread adoption of hybrid work models. Large corporations also increasingly utilize these spaces as satellite offices or temporary workspaces to reduce long-term lease commitments. Therefore, as more businesses adopt hybrid work models and prioritize flexibility, the demand for coworking spaces across North America will continue its upward trajectory.

Free Valuable Insights: The Coworking Spaces Market is Predict to reach USD 43.9 Billion by 2031, at a CAGR of 15.1%

Based on Type, the market is segmented into Corporate /Professional, Open/ Conventional, Industry – Specific, and Other Type. Based on Application, the market is segmented into SMEs, Freelancers, Large Size Enterprises, and Other Application. Based on Industry Vertical, the market is segmented into Information Technology, Professional Services, BFSI, Healthcare, Recruitment, Property, Government, and Other Industry Vertical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• WeWork Companies LLC
• The Executive Centre Limited
• Techspace Group Ltd. 
• International Workplace Group plc
• Servcorp Limited
• The Hive Worldwide Limited (The Flexi Group)
• Mindspace
• Workbar
• The Office Group
• Newmark Group, Inc.

North America Coworking Spaces Market Report Segmentation

By Type

• Corporate /Professional
• Open/ Conventional
• Industry - Specific
• Other Type

By Application

• SMEs
• Freelancers
• Large Size Enterprises
• Other Application

By Industry Vertical

• Information Technology
• Professional Services
• BFSI
• Healthcare
• Recruitment
• Property
• Government
• Other Industry Vertical

By Country

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Coworking Spaces Market, by Type
1.4.2 North America Coworking Spaces Market, by Application
1.4.3 North America Coworking Spaces Market, by Industry Vertical
1.4.4 North America Coworking Spaces Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis

Chapter 4. North America Coworking Spaces Market by Type
4.1 North America Corporate /Professional Market by Country
4.2 North America Open/ Conventional Market by Country
4.3 North America Industry - Specific Market by Country
4.4 North America Other Type Market by Country

Chapter 5. North America Coworking Spaces Market by Application
5.1 North America SMEs Market by Country
5.2 North America Freelancers Market by Country
5.3 North America Large Size Enterprises Market by Country
5.4 North America Other Application Market by Country

Chapter 6. North America Coworking Spaces Market by Industry Vertical
6.1 North America Information Technology Market by Country
6.2 North America Professional Services Market by Country
6.3 North America BFSI Market by Country
6.4 North America Healthcare Market by Country
6.5 North America Recruitment Market by Country
6.6 North America Property Market by Country
6.7 North America Government Market by Country
6.8 North America Other Industry Vertical Market by Country

Chapter 7. North America Coworking Spaces Market by Country
7.1 US Coworking Spaces Market
7.1.1 US Coworking Spaces Market by Type
7.1.2 US Coworking Spaces Market by Application
7.1.3 US Coworking Spaces Market by Industry Vertical
7.2 Canada Coworking Spaces Market
7.2.1 Canada Coworking Spaces Market by Type
7.2.2 Canada Coworking Spaces Market by Application
7.2.3 Canada Coworking Spaces Market by Industry Vertical
7.3 Mexico Coworking Spaces Market
7.3.1 Mexico Coworking Spaces Market by Type
7.3.2 Mexico Coworking Spaces Market by Application
7.3.3 Mexico Coworking Spaces Market by Industry Vertical
7.4 Rest of North America Coworking Spaces Market
7.4.1 Rest of North America Coworking Spaces Market by Type
7.4.2 Rest of North America Coworking Spaces Market by Application
7.4.3 Rest of North America Coworking Spaces Market by Industry Vertical

Chapter 8. Company Profiles
8.1 WeWork Companies LLC
8.1.1 Company Overview
8.2 The Executive Centre Limited
8.2.1 Company Overview
8.3 Techspace Group Ltd.
8.3.1 Company Overview
8.4 International Workplace Group plc
8.4.1 Company Overview
8.5 Servcorp Limited
8.5.1 Company Overview
8.6 The Hive Worldwide Limited (The Flexi Group)
8.6.1 Company Overview
8.7 Mindspace
8.7.1 Company Overview
8.8 Workbar
8.8.1 Company Overview
8.9 The Office Group
8.9.1 Company Overview
8.10. Newmark Group, Inc.
8.10.1 Company Overview

TABLE 1 North America Coworking Spaces Market, 2020 - 2023, USD Million
TABLE 2 North America Coworking Spaces Market, 2024 - 2031, USD Million
TABLE 3 North America Coworking Spaces Market by Type, 2020 - 2023, USD Million
TABLE 4 North America Coworking Spaces Market by Type, 2024 - 2031, USD Million
TABLE 5 North America Corporate /Professional Market by Country, 2020 - 2023, USD Million
TABLE 6 North America Corporate /Professional Market by Country, 2024 - 2031, USD Million
TABLE 7 North America Open/ Conventional Market by Country, 2020 - 2023, USD Million
TABLE 8 North America Open/ Conventional Market by Country, 2024 - 2031, USD Million
TABLE 9 North America Industry - Specific Market by Country, 2020 - 2023, USD Million
TABLE 10 North America Industry - Specific Market by Country, 2024 - 2031, USD Million
TABLE 11 North America Other Type Market by Country, 2020 - 2023, USD Million
TABLE 12 North America Other Type Market by Country, 2024 - 2031, USD Million
TABLE 13 North America Coworking Spaces Market by Application, 2020 - 2023, USD Million
TABLE 14 North America Coworking Spaces Market by Application, 2024 - 2031, USD Million
TABLE 15 North America SMEs Market by Country, 2020 - 2023, USD Million
TABLE 16 North America SMEs Market by Country, 2024 - 2031, USD Million
TABLE 17 North America Freelancers Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Freelancers Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Large Size Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 20 North America Large Size Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Other Application Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Other Application Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Coworking Spaces Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 24 North America Coworking Spaces Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 25 North America Information Technology Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Information Technology Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Professional Services Market by Country, 2020 - 2023, USD Million
TABLE 28 North America Professional Services Market by Country, 2024 - 2031, USD Million
TABLE 29 North America BFSI Market by Country, 2020 - 2023, USD Million
TABLE 30 North America BFSI Market by Country, 2024 - 2031, USD Million
TABLE 31 North America Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 32 North America Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 33 North America Recruitment Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Recruitment Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Property Market by Country, 2020 - 2023, USD Million
TABLE 36 North America Property Market by Country, 2024 - 2031, USD Million
TABLE 37 North America Government Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Government Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Other Industry Vertical Market by Country, 2020 - 2023, USD Million
TABLE 40 North America Other Industry Vertical Market by Country, 2024 - 2031, USD Million
TABLE 41 North America Coworking Spaces Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Coworking Spaces Market by Country, 2024 - 2031, USD Million
TABLE 43 US Coworking Spaces Market, 2020 - 2023, USD Million
TABLE 44 US Coworking Spaces Market, 2024 - 2031, USD Million
TABLE 45 US Coworking Spaces Market by Type, 2020 - 2023, USD Million
TABLE 46 US Coworking Spaces Market by Type, 2024 - 2031, USD Million
TABLE 47 US Coworking Spaces Market by Application, 2020 - 2023, USD Million
TABLE 48 US Coworking Spaces Market by Application, 2024 - 2031, USD Million
TABLE 49 US Coworking Spaces Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 50 US Coworking Spaces Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 51 Canada Coworking Spaces Market, 2020 - 2023, USD Million
TABLE 52 Canada Coworking Spaces Market, 2024 - 2031, USD Million
TABLE 53 Canada Coworking Spaces Market by Type, 2020 - 2023, USD Million
TABLE 54 Canada Coworking Spaces Market by Type, 2024 - 2031, USD Million
TABLE 55 Canada Coworking Spaces Market by Application, 2020 - 2023, USD Million
TABLE 56 Canada Coworking Spaces Market by Application, 2024 - 2031, USD Million
TABLE 57 Canada Coworking Spaces Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 58 Canada Coworking Spaces Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 59 Mexico Coworking Spaces Market, 2020 - 2023, USD Million
TABLE 60 Mexico Coworking Spaces Market, 2024 - 2031, USD Million
TABLE 61 Mexico Coworking Spaces Market by Type, 2020 - 2023, USD Million
TABLE 62 Mexico Coworking Spaces Market by Type, 2024 - 2031, USD Million
TABLE 63 Mexico Coworking Spaces Market by Application, 2020 - 2023, USD Million
TABLE 64 Mexico Coworking Spaces Market by Application, 2024 - 2031, USD Million
TABLE 65 Mexico Coworking Spaces Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 66 Mexico Coworking Spaces Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 67 Rest of North America Coworking Spaces Market, 2020 - 2023, USD Million
TABLE 68 Rest of North America Coworking Spaces Market, 2024 - 2031, USD Million
TABLE 69 Rest of North America Coworking Spaces Market by Type, 2020 - 2023, USD Million
TABLE 70 Rest of North America Coworking Spaces Market by Type, 2024 - 2031, USD Million
TABLE 71 Rest of North America Coworking Spaces Market by Application, 2020 - 2023, USD Million
TABLE 72 Rest of North America Coworking Spaces Market by Application, 2024 - 2031, USD Million
TABLE 73 Rest of North America Coworking Spaces Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 74 Rest of North America Coworking Spaces Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 75 Key Information – WeWork Companies LLC
TABLE 76 Key Information – The Executive Centre Limited
TABLE 77 Key Information – Techspace Group Ltd.
TABLE 78 Key Information – International Workplace Group plc
TABLE 79 Key Information – Servcorp Limited
TABLE 80 Key Information – The Hive Worldwide Limited
TABLE 81 Key Information – Mindspace
TABLE 82 Key Information – Workbar
TABLE 83 Key Information – The Office Group
TABLE 84 Key Information – Newmark Group, Inc.

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Coworking Spaces Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Coworking Spaces Market
FIG 4 Porter’s Five Forces Analysis – Coworking Spaces Market
FIG 5 North America Coworking Spaces Market share by Type, 2023
FIG 6 North America Coworking Spaces Market share by Type, 2031
FIG 7 North America Coworking Spaces Market by Type, 2020 - 2031, USD Million
FIG 8 North America Coworking Spaces Market share by Application, 2023
FIG 9 North America Coworking Spaces Market share by Application, 2031
FIG 10 North America Coworking Spaces Market by Application, 2020 - 2031, USD Million
FIG 11 North America Coworking Spaces Market share by Industry Vertical, 2023
FIG 12 North America Coworking Spaces Market share by Industry Vertical, 2031
FIG 13 North America Coworking Spaces Market by Industry Vertical, 2020 - 2031, USD Million
FIG 14 North America Coworking Spaces Market share by Country, 2023
FIG 15 North America Coworking Spaces Market share by Country, 2031
FIG 16 North America Coworking Spaces Market by Country, 2020 - 2031, USD Million