Co working is a global trend. According to international property consulting firm, Cushman and Wakefield, last year, co working space in Asia accounted for five million sq. ft. Coworking supply has doubled in Washington DC in the last 5 years. One-third of coworking space in the UK is in London, which grew 16% in 2016 and WeWork is now the largest occupier of corporate real estate space in New York City and plans to now grow heavily throughout Asia.
With co-working units on the rise, led by start-up companies that are rapidly turning to flexible, efficient work spaces where both space and costs can be shared, chances are high that the person sitting across your desk is not working for the same company as you do. Tailor made for small businesses, co-working spaces offers an office environment, with all amenities for a cost per hour or per day.