Market Size of Latin America Coworking Spaces Industry
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| CAGR | > 4.50 % |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Latin America Coworking Spaces Market Analysis
The global co-working space market is on a constant rise since past few years and is expected to grow at a CAGR of more than 4.5%. The industry is forecasted to touch 36,000 workspaces worldwide by 2025 on the back of growing demand for flexible offices in US, UK, China, India, and other countries. The increasing demand from Entrepreneurs, start-ups, and freelancers with focus on convenience, price, flexibility and growth as a startup with less than 50 employees can save up to 25-30% in rental costs is the cause for rapid growth of the market. Millennial generation coupled with growing start-up culture is creating the need for low-cost flexible co-working spaces worldwide.
