How Revathi Greenwood Thinks Co-working Will Play Out Next Year

Revathi Greenwood

WASHINGTON, DC–Sooner or later the co-working space is going to enter a period of maturation, a phase usually marked by consolidation and moderated growth. It probably won’t be in 2017 though: if anything co-working is still on a rapid growth trajectory. Last year there were around 7,800 coworking spaces in operation around the world with the US the leading country, according to Statista. By 2018, that number is predicted to reach 37,000. In many cases this growth will be due to expansion within cities and into new location.

This story will play out, as all real estate stories do, on a market-by-market basis though. And while Washington DC is not likely to see a scaling back of co-working growth either, there are some interesting elements that bear watching.  Globest.com spoke with Revathi Greenwood, CBRE’s director of Research about what she expects to see in 2017 in the local market.