Name: Is coworking really the future? | CNBC Explains
Uploaded: 2018-12-23T12:53:35.000Z
Duration: 4 min 57 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

And if it takes a village to raise a child,

meet my graphic designer through referral

She started her own graphic design firm in 2016.

are coworking peers that she's met entirely

She expanded a consulting business into a

To set up the office at the time, she had

to go through the process of searching for

real estate, signing a lease, buying furniture,

hiring someone to do her I.T. and that's just

She then had to pay extra for things like

insurance, cleaning, pantry supplies and utilities.

That means in their first year of business,

Erin spent tens of thousands of dollars more

than Maria, than she would have today had

Different types of spaces are popping up around

the world and they range from minimal and

The American company opened its first location

By August, that shot up to 163 locations.

And now, the company is valued at $20 billion,

making it the seventh most valuable privately

It now has its eyes on Asia for a large part

of its future growth and for good reason.

The demand in the region for coworking spaces

is expected to grow at an average rate of

WeWork is putting $500 million into expanding

Meanwhile, in China, the company announced

which will aggressively expand its locations

after it received a $500 million backing.

A growing number of corporations are also

with tech companies to recruit top talent.

Companies want to promote entrepreneurial

Coworking spaces help them tick all of those boxes.

But while these corporates are going into

coworking spaces, one is creating its very own.

they've created their very own coworking space,

It's not an incubator but a coworking space

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Is coworking really the future? | CNBC Explains

potential

entrepreneur

revenue

demand