August 02, 20 - 5:12 pm - LABS

Coworking model will reach 15% penetration in 2021, according to Co-Work Latam

A recent survey by Co-Work Latam, with more than 770 current users and entrepreneurs of the company, which has 27 units in Colombia, Chile, Uruguay, and the U.S, and the coworking market in Colombia on the current situation during the COVID-19 pandemic, shows some trends for the segment, according to the newspaper La República.

One of the Co-Work Latam units in Chile. Photo: Co-Work Latam / Facebook

Matías Marmissolle, partner and director in Colombia of Co-Work Latam, said that “one of the main cost reductions (among companies) will be in the payment of leases, generating significant savings for companies that, in the post-COVID, will seek more flexible, safe and economic workspaces.”

The company says that between 2010 and 2019, the flexible office industry showed an average annual growth of 23%, reaching almost 3% of penetration and with a projection of market coverage in 2030 of 30%. However, it is now estimated that the flexible office model will achieve a 15% market penetration by the end of 2021.

Co-Work Latam also warned about the accelerated growth of remote work in the post-pandemic, which is estimated to increase by 47%.