I’m writing this from a nice café in Ho Chi Minh City – curiously named Bosgaurus, which sounds like the Bosporus’ answer to the Loch Ness Monster. I could be doing this from a coworking space, but it’s Saturday, the coffee is good, the WiFi is good enough and it’s a very reasonable location.
Glancing right and seeing a choppy-looking Saigon river, the scene of so much history in the 20th century, I’m thinking: why doesn’t the coffee shop option appeal more to solo workers?
The coworking boom is at an all time high and continues to grow. According to a new study by coworking industry publication CoworkingResources – who popped me a nice message through this website – more than 1,600 new coworking spaces are expected to open worldwide in 2019 and 42% growth is expected by 2022. This growth is mostly coming from new businesses rather than large chains and franchises.
Unsurprisingly it’s the big business cities of the world where this is happening fastest, and 80% of the top 10 cities are in North America, as the press release reveals:
- London is the city where coworking is growing the fastest, followed by New York City and Toronto (see table below)
- Four cities in Asia made the global top 20 list. Manila and KL are the two highest ranked Asian cities, curiously
- Luxembourg, Ireland and Singapore are the fastest growing markets