Coworking spaces are growing rapidly while traditional office spaces are growing more slowly, with coworking spaces growing 316% in the UK from 2013 to 2014 compared to only a 3.4% growth in traditional offices. Coworking spaces appeal to workers because they offer flexible models that reduce costs while supporting a better work-life balance by providing the benefits of both independent work and community collaboration. As people increasingly value this model, coworking spaces will continue to outpace traditional office spaces.