London ’s co - workspace market grew by 180,000 sqm in 2016 , the biggest increase in Europe , according to a report from BNP Paribas Real Estate . Given that a quarter of coworking space around the world was still unprofitable in 2018, the market needs to have a rethink and evolve over the coming years,” said Richard Malle, global head of research BNP Paribas Real Estate. The Paris market grew the second most , with 118,000 sqm of space added , followed by Warsaw , which increased its footprint by 110,000 m² . The number of co - working locations globally has grown from about 40 in 2012 to more than 500 now . With 25 % of them still unprofitable in 2018 , some consolidation is expected , said Richard Smith , the global head of strategy at BNP Global Real Estate .
London ’s co - workspace market grew by 180,000 sqm in 2016 , the biggest increase in Europe , according to a report from BNP Paribas Real Estate . The Paris market grew the second most , with 118,000 sqm of space added , followed by Warsaw , which increased its footprint by 110,000 m² . The number of co - working locations globally has grown from about 40 in 2012 to more than 500 now . With 25 % of them still unprofitable in 2018 , some consolidation is expected , said Richard Smith , the global head of strategy at BNP Global Real Estate .