Coworking Space Business Plan Template [Updated 2024]

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III. Industry Analysis

You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

The evolution of the coworking space concept has grown exponentially over the past ten years. Over the next five years, the CAGR reports growth in the coworking space industry will be at 17.5%. Several factors will contribute to this growth, as industry reports suggest:

  • Higher costs associated with land acquisition and building
  • Higher costs for individual office build-outs
  • Higher costs for building materials overall
  • Increased demand for “team or group community spaces”
  • Increased purpose in resource “sustainability”
  • Increased goal to minimize expenditures across the board

At the same time, as noted by [Company Name], the coworking space will need to innovate more spatial designs and layouts for teams or groups that require collaboration. The team or group concept is now dominating the business world and it is anticipated that it will continue to do so for many years to come.

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