Coworking spaces have become increasingly popular in recent years, providing a flexible and affordable option for individuals and businesses alike. In London, which is renowned for its thriving business community, the number of coworking spaces has grown significantly in the past decade.
So, how many coworking spaces are there in London? Let’s take a closer look.
What are Coworking Spaces?
Before we delve into the number of coworking spaces in London, let’s first understand what they are. Coworking spaces are shared workspaces where individuals from different businesses or professions work together in a collaborative environment. These spaces offer various facilities such as desks, meeting rooms, and communal areas that can be used by anyone who rents a space.
The Growth of Coworking Spaces in London
According to research conducted by Instant Offices, there were approximately 850 coworking spaces in London as of 2020. This number has been rising steadily over the years due to the increasing demand for flexible working arrangements. In 2017, there were only around 400 coworking spaces in London, indicating that the market has more than doubled within three years.
Popular Areas for Coworking Spaces in London
While coworking spaces can be found throughout London, some areas have proved more popular than others. The most popular areas for coworking spaces include:
- Shoreditch
- Soho
- Kings Cross
- Farringdon
- Old Street
- London Bridge
- Westminster
These areas are home to many startups and small businesses, making them ideal locations for coworking spaces.
The Benefits of Coworking Spaces
Coworking spaces offer many benefits to individuals and businesses, including:
- Flexibility in terms of workspace
- Access to a community of like-minded individuals
- Opportunities for networking and collaboration
- Affordability compared to traditional office spaces
- Access to various facilities such as meeting rooms and communal areas
Conclusion
In conclusion, there are approximately 850 coworking spaces in London, with the market continuing to grow due to the increasing demand for flexible working arrangements. Popular areas for coworking spaces include Shoreditch, Soho, and Kings Cross. Coworking spaces offer many benefits to individuals and businesses, making them a popular choice for those seeking affordable and flexible workspace solutions.