Coworking Boom: Here are the top 20 cities in the world for coworking spaces

Property Editor

October 9, 2019

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Londonhas been named the top destination for Generation Z workers according to the 2019 Generation Z city index compiled by apartment search site Nestpick. London scored a perfect “100” for coworking spaces beating New York (98.12) into second place. In fact, London now has over 1,400 flexible workspace locations according to the latest data from global workspace brokerage Office Freedom.

Generation Z is the term given to anyone born between 1997 and 2012, and who are "digital natives who value security, diversity, and autonomy, and aim to achieve it through pragmatism and determination."

The oldest members of Generation Z graduated from college this year and these cities are becoming career destinations for Gen Zers looking for the best places to live and work. The study examined 110 cities and measured 22 factors under four broad headings: digitisation, business, principles and leisure. Each city was given a score out of 100, the total of the weighted averages of each of the four categories. London and Manchester make it into the top 20. 

Here are the top 20 cities best equipped for Generation Z’s wants and needs and the year on year growth of coworking spaces in each location.

City 

Gen Z Index1

Yr on Yr % Growth in Coworking Spaces2

Seattle, USA

77.71

57.1%

Brussels, Belgium

77.72

27.8%

Malmo, Sweden

78.96

0.0%

Frankfurt, Germany

79.35

10.3%

Gothenburg, Sweden

79.46

33.3%

Montreal, Canada

80.00

92.9%

Helsinki, Finland

80.33

7.7%

Copenhagen, Denmark

80.70

20.0%

Manchester, UK

81.18

19.2%

Paris, France

82.13

31.1%

Vancouver, Canada

82.48

37.5%

Amsterdam, Netherlands

83.02

28.2%

San Francisco, USA

83.09

91.8%

Munich, Germany

83.11

5.0%

Berlin, Germany

84.53

14.0%

New York City, USA

86.03

63.2%

Toronto, Canada

86.20

32.2%

Los Angeles, USA

89.40

10.4%

Stockholm, Sweden

89.88

13.3%

London, UK

100.00

16.2%

          Source: Nestpick.com1 / Officefreedom.com2

The growth in flexible workspaces is a common theme among the top 20 Gen Z cities with an average 22% growth in coworking space. The global coworking market has more than doubled since 2015 and is expected to top 25,000 spaces by 2022. Latest research from Zion Market Research values the global flexible workspace market at $26.9Bn and predicts it to growth to $111.68Bn by 2027. 

Office Freedom recorded a 16.2% year on year growth in London coworking spaces between August last year and this, and London remains the coworking capital of Europe with over 11M sq ft of flexible real estate. In London a new co-working space opens every five days placing it at the top of the global league.

Flexible workspace is naturally appealing for entrepreneurial Generation Zers as it represents a low risk, affordable way into office rental. Coworking has long been the preferred route for freelancers and start-up businesses but is now also attracting big businesses too. Companies wishing to attract the best talent from amongst Generation Z workers should note that although office location is very important, office features such as natural light, kitchens, modern facilities and décor, and outdoor space are high on the wish list for Generation Z workers. All of which are key features of modern flexible workspace.

The following shows the top 20 cities with most appeal for Generation Zers, their top scoring categories and the number of coworking locations in the city.

20. Seattle, USA Total score: 77.71 Coworking Locations: 33

Top-scoring categories: government digitalization (94.13), access to healthcare (91.77), environmental action (89.48)

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19. Brussels, Belgium Total score: 77.72 Coworking Locations: 46

Top-scoring categories: right to protest (98.05), access to healthcare (93.51), LGBT+ equality (92.08)

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18. Malmo, Sweden Total score: 78.96 Coworking Locations: 2

Top-scoring categories: digital banking (100), right to protest (100), access to healthcare (97.96)

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17. Frankfurt, Germany Total score: 79.35 Coworking Locations: 43

Top-scoring categories: right to protest (98.05), government digitalization (94.07), access to healthcare (91.77)

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16. Gothenburg, Sweden Total score: 79.46 Coworking Locations: 4

Top-scoring categories: right to protest (100), digital banking (90.99), environmental action (98.85)

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15. Montreal, Canada Total score: 80.00 Coworking Locations: 27

Top-scoring categories: right to protest (98.05), access to healthcare (94.76), connectivity/5G (90.99)

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14. Helsinki, Finland Total score: 80.33 Coworking Locations: 14

Top-scoring categories: access to healthcare (98.79), LGBT+ equality (98.48), right to protest (98.05)

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13. Copenhagen, Denmark Total score: 80.70 Coworking Locations: 18

Top-scoring categories: right to protest (100), government digitalization (100), LGBT+ equality (95.77)

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12. Manchester, UK Total score: 81.18 Coworking Locations: 62

Top-scoring categories: government digitalization (97.69), right to protest (97.08), environmental action (90.62)

11. Paris, France Total score: 82.13 Coworking Locations: 97

Top-scoring categories: digitalized mobility (100), government digitalization (94.46), environmental action (92.19)

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10. Vancouver, Canada Total score: 82.48 Coworking Locations: 33

Top-scoring categories: right to protest (98.05), access to healthcare (95.03), connectivity/5G (89.53)

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9. Amsterdam, Netherlands Total score: 83.02 Coworking Locations: 50

Top-scoring categories: access to healthcare (99.02), right to protest (98.05), LGBT+ equality (95.99)

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8. San Francisco, USA Total score: 83.09 Coworking Locations: 94

Top-scoring categories: AI industry (100), entrepreneurial spirit (100), government digitalization (94.13)

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7. Munich, Germany Total score: 83.11 Coworking Locations: 42

Top-scoring categories: right to protest (98.05), government digitalization (94.07), access to healthcare (91.91)

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6. Berlin, Germany Total score: 84.53 Coworking Locations: 65

Top-scoring categories: right to protest (98.05), government digitalization (94.07), access to healthcare (91.68)

5. New York City, USA Total score: 86.03 Coworking Locations: 328

Top-scoring categories: coworking spaces (98.12), concerts (96.97), government digitalization (94.13)

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4. Toronto, Canada Total score: 86.20 Coworking Locations: 78

Top-scoring categories: right to protest (98.05), access to healthcare (95.05), social entrepreneurship (91.48)

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3. Los Angeles, USA Total score: 89.40 Coworking Locations: 74

Top-scoring categories: education (96.87), concerts (95.36), government digitalization (94.13)

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2. Stockholm, Sweden Total score: 89.88 Coworking Locations: 34

Top-scoring categories: digital banking (100), environmental action (100), right to protest (100)

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1. London, UK Total score: 100 Coworking Locations: 1452

Top-scoring categories: concerts (100), coworking spaces (100), social entrepreneurship (100)

SOURCE Nestpick

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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam dapibus, dolor vitae fringilla pulvinar, ante nulla venenatis dui, eu venenatis tellus ante a purus. Morbi faucibus lacinia nunc ut sagittis. Pellentesque et maximus justo. Duis tortor erat, venenatis vel neque a, ultricies sagittis lectus. Pellentesque mattis sit amet nunc maximus maximus. In mollis, lorem eu iaculis vestibulum, mi nunc elementum orci, in dictum diam justo sit amet erat. Quisque aliquam a quam ac auctor.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam dapibus, dolor vitae fringilla pulvinar, ante nulla venenatis dui, eu venenatis tellus ante a purus. Morbi faucibus lacinia nunc ut sagittis. Pellentesque et maximus justo. Duis tortor erat, venenatis vel neque a, ultricies sagittis lectus. Pellentesque mattis sit amet nunc maximus maximus. In mollis, lorem eu iaculis vestibulum, mi nunc elementum orci, in dictum diam justo sit amet erat. Quisque aliquam a quam ac auctor.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam dapibus, dolor vitae fringilla pulvinar, ante nulla venenatis dui, eu venenatis tellus ante a purus. Morbi faucibus lacinia nunc ut sagittis. Pellentesque et maximus justo. Duis tortor erat, venenatis vel neque a, ultricies sagittis lectus. Pellentesque mattis sit amet nunc maximus maximus. In mollis, lorem eu iaculis vestibulum, mi nunc elementum orci, in dictum diam justo sit amet erat. Quisque aliquam a quam ac auctor.
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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam dapibus, dolor vitae fringilla pulvinar, ante nulla venenatis dui, eu venenatis tellus ante a purus. Morbi faucibus lacinia nunc ut sagittis. Pellentesque et maximus justo. Duis tortor erat, venenatis vel neque a, ultricies sagittis lectus. Pellentesque mattis sit amet nunc maximus maximus. In mollis, lorem eu iaculis vestibulum, mi nunc elementum orci, in dictum diam justo sit amet erat. Quisque aliquam a quam ac auctor.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam dapibus, dolor vitae fringilla pulvinar, ante nulla venenatis dui, eu venenatis tellus ante a purus. Morbi faucibus lacinia nunc ut sagittis. Pellentesque et maximus justo. Duis tortor erat, venenatis vel neque a, ultricies sagittis lectus. Pellentesque mattis sit amet nunc maximus maximus. In mollis, lorem eu iaculis vestibulum, mi nunc elementum orci, in dictum diam justo sit amet erat. Quisque aliquam a quam ac auctor.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam dapibus, dolor vitae fringilla pulvinar, ante nulla venenatis dui, eu venenatis tellus ante a purus. Morbi faucibus lacinia nunc ut sagittis. Pellentesque et maximus justo. Duis tortor erat, venenatis vel neque a, ultricies sagittis lectus. Pellentesque mattis sit amet nunc maximus maximus. In mollis, lorem eu iaculis vestibulum, mi nunc elementum orci, in dictum diam justo sit amet erat. Quisque aliquam a quam ac auctor.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam dapibus, dolor vitae fringilla pulvinar, ante nulla venenatis dui, eu venenatis tellus ante a purus. Morbi faucibus lacinia nunc ut sagittis. Pellentesque et maximus justo. Duis tortor erat, venenatis vel neque a, ultricies sagittis lectus. Pellentesque mattis sit amet nunc maximus maximus. In mollis, lorem eu iaculis vestibulum, mi nunc elementum orci, in dictum diam justo sit amet erat. Quisque aliquam a quam ac auctor.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam dapibus, dolor vitae fringilla pulvinar, ante nulla venenatis dui, eu venenatis tellus ante a purus. Morbi faucibus lacinia nunc ut sagittis. Pellentesque et maximus justo. Duis tortor erat, venenatis vel neque a, ultricies sagittis lectus. Pellentesque mattis sit amet nunc maximus maximus. In mollis, lorem eu iaculis vestibulum, mi nunc elementum orci, in dictum diam justo sit amet erat. Quisque aliquam a quam ac auctor.

Acerca de Lucas Vargas:

  • Empezó en Grupo ZAP como el VP de Sales y en 2016 cuando la empresa tenía 60 empleados. Fue nombrado COO de VivaReal tomando el mando de Brian Requarth el Co-Fundador. VivaReal lanzó en Colombia y se trasladó a Brasil. En 2017 se hizo CEO del Grupo ZAP.
  • Ha trabajado en Mexico en PWC y en el Banco Santander
  • Tiene un Master de Business Administration de Harvard
  • En noviembre este año después de la fusión de OLX Brasil y Grupo ZAP fue nombrado el CEO del OLX Business Unit. Lidera la empresa junto con Andries Oudshoorn y Marcos Leite
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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam dapibus, dolor vitae fringilla pulvinar, ante nulla venenatis dui, eu venenatis tellus ante a purus. Morbi faucibus lacinia nunc ut sagittis. Pellentesque et maximus justo. Duis tortor erat, venenatis vel neque a, ultricies sagittis lectus. Pellentesque mattis sit amet nunc maximus maximus. In mollis, lorem eu iaculis vestibulum, mi nunc elementum orci, in dictum diam justo sit amet erat. Quisque aliquam a quam ac auctor.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam dapibus, dolor vitae fringilla pulvinar, ante nulla venenatis dui, eu venenatis tellus ante a purus. Morbi faucibus lacinia nunc ut sagittis. Pellentesque et maximus justo. Duis tortor erat, venenatis vel neque a, ultricies sagittis lectus. Pellentesque mattis sit amet nunc maximus maximus. In mollis, lorem eu iaculis vestibulum, mi nunc elementum orci, in dictum diam justo sit amet erat. Quisque aliquam a quam ac auctor.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam dapibus, dolor vitae fringilla pulvinar, ante nulla venenatis dui, eu venenatis tellus ante a purus. Morbi faucibus lacinia nunc ut sagittis. Pellentesque et maximus justo. Duis tortor erat, venenatis vel neque a, ultricies sagittis lectus. Pellentesque mattis sit amet nunc maximus maximus. In mollis, lorem eu iaculis vestibulum, mi nunc elementum orci, in dictum diam justo sit amet erat. Quisque aliquam a quam ac auctor.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam dapibus, dolor vitae fringilla pulvinar, ante nulla venenatis dui, eu venenatis tellus ante a purus. Morbi faucibus lacinia nunc ut sagittis. Pellentesque et maximus justo. Duis tortor erat, venenatis vel neque a, ultricies sagittis lectus. Pellentesque mattis sit amet nunc maximus maximus. In mollis, lorem eu iaculis vestibulum, mi nunc elementum orci, in dictum diam justo sit amet erat. Quisque aliquam a quam ac auctor.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam dapibus, dolor vitae fringilla pulvinar, ante nulla venenatis dui, eu venenatis tellus ante a purus. Morbi faucibus lacinia nunc ut sagittis. Pellentesque et maximus justo. Duis tortor erat, venenatis vel neque a, ultricies sagittis lectus. Pellentesque mattis sit amet nunc maximus maximus. In mollis, lorem eu iaculis vestibulum, mi nunc elementum orci, in dictum diam justo sit amet erat. Quisque aliquam a quam ac auctor.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam dapibus, dolor vitae fringilla pulvinar, ante nulla venenatis dui, eu venenatis tellus ante a purus. Morbi faucibus lacinia nunc ut sagittis. Pellentesque et maximus justo. Duis tortor erat, venenatis vel neque a, ultricies sagittis lectus. Pellentesque mattis sit amet nunc maximus maximus. In mollis, lorem eu iaculis vestibulum, mi nunc elementum orci, in dictum diam justo sit amet erat. Quisque aliquam a quam ac auctor.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam dapibus, dolor vitae fringilla pulvinar, ante nulla venenatis dui, eu venenatis tellus ante a purus. Morbi faucibus lacinia nunc ut sagittis. Pellentesque et maximus justo. Duis tortor erat, venenatis vel neque a, ultricies sagittis lectus. Pellentesque mattis sit amet nunc maximus maximus. In mollis, lorem eu iaculis vestibulum, mi nunc elementum orci, in dictum diam justo sit amet erat. Quisque aliquam a quam ac auctor.
Simon Baker is the Founder and Executive Chairman of Online Marketplaces and Property Portal Watch. Involved with property portals for 15 years, he’s a well-recognized expert and industry consultant.
As former CEO/MD of the REA Group for 8 years, Simon led the group to its current market-leading position. When he joined REA Group in 2001, it had $4m in revenues, $6m in losses and an $8m market cap.
By 2008, the company presided over $155m in revenues, $35m in EBITDA and enjoyed a peak market cap of $1b. Simon is currently Chairman of the Mitula Group and Real Estate Investar and a serial portal founder and, investor.