London named coworking capital of the world

London is the coworking capital of the world, followed by Singapore and Berlin. This is according to a new report that investigated how 53 different cities performed when it comes to coworking.

The report was released by Business Name Generator (BNG), revealing which cities are the best for commuters and coworking spaces, taking into account factors such as travel times, costs, number of coworking spaces available, average monthly costs, and internet speed.

According to the study, London offers an impressive 1 322 coworking spaces and is also the most in-demand city, with a monthly search volume of 4 400 on average. However, the average monthly cost per desk in London is £267 (about $332), which is 35% more expensive than all other cities in the top 10.

Singapore and Berlin are in second and third place on the list of best cities for coworking, respectively, both with significantly fewer coworking spaces than London – 214 in Singapore and 192 in Berlin.

The top 10 best cities for coworking are London, Singapore, Berlin, Bangkok, Toronto, Chicago, Montreal, Barcelona, Madrid, and Copenhagen.

San Francisco places fifteenth on the list, with only 81 coworking spaces available despite a high monthly search volume of 2 400. This United States city also has the highest price tag for coworking spaces, at an average $389 per desk.

Market analysts predict that by 2024, an estimated five million people will be based in coworking spaces, which is a 158% increase from today. The report from BNG suggests that these cities are best suited to meet the growing demand for coworking spaces.

The study also explored which cities are the best for commuters, based on travel times and costs. Doha in Qatar was found to be the best commuter city, with a one-way ticket on public transport costing $0.60 on average, and a litre of petrol only slightly more expensive at $0.61. Commuters using public transportation can expect to wait just three minutes for transport, and their average commute time is a very short 30 minutes.

Abu Dhabi ranks second on the list, with an average time lost per year to traffic of 25 hours, an average cost of petrol per litre of $0.60, and a one-way ticket on public transport costing just $0.59. Commuters can expect a slightly longer average commute time of 45 minutes, but the wait time for public transportation is only 13 minutes.

Other cities that ranked high on the list of best commuter cities include Taipei, Prague, and Kuala Lumpur. Overall, the report found that the cities that ranked high on the list of best cities for coworking were not necessarily the same cities that were the best for commuting.

This study by BNG highlights the importance of considering various factors when choosing a city for coworking or commuting. By analysing data related to coworking spaces and commuting, individuals can make informed decisions about where to live and work.

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