Enter startups like WeWork, a coworking company currently valued at $16 billion that’s now branching into Asia (after a $430 million round of funding led by Chinese investors), and smaller competitors like NeueHouse, Grind and Fueled Collective. Demand for offices space in the US has reached its highest level since 2006, fuelled by the growth trend in the small companies sector. According to Mitch Roschelle, a partners at PwC, companies with less than 50 employees created five times more jobs than those with a thousand employees or more. The number of new businesses is expected to grow from about 10 million this year to 20 million next year, according to an analysis published on Monday by Ernst & Young. PwC predicts that demand for office space will continue to outpace supply in the US.
Demand for offices space in the US has reached its highest level since 2006, fuelled by the growth trend in the small companies sector. According to Mitch Roschelle, a partners at PwC, companies with less than 50 employees created five times more jobs than those with a thousand employees or more. The number of new businesses is expected to grow from about 10 million this year to 20 million next year, according to an analysis published on Monday by Ernst & Young. PwC predicts that demand for office space will continue to outpace supply in the US.