How fast did co-working centres expand?
Total agile workplace in Grade A office
2016
2019
2016
2019
760k
sq. ft. NFA
(1.5% of
Grade A
office footprint)
95
Centres
+60%
+6%
101 Centres
99% of the growth was from New Comers
60% of the growth was from centres size >10,000 sq. ft.
sq. ft. NFA
No. of Centres
(1.0% of
Grade A
office footprint)
1.2 million
sq. ft. NFA
Source: CBRE Research
Largest centre in 2016: 30,800 sq. ft.
Average size in 2016: 8,000 sq. ft.
Smallest centre in 2016: 600 sq. ft.
Largest centre in 2019: 72,600 sq. ft.
Average size in 2019: 12,000 sq. ft.
Smallest centre in 2019: 600 sq. ft.
No. of centres: 95
No. of centres: 101