Honey J. Kathuria is the founder of Kowkr, a platform based in Hong Kong and Mumbai listing coworking and shared office spaces. Asian coworking brands are in the steps of WeWork and the number of square meters dedicated to coworking is growing very fast.

1. Coworking
in
Asia:
growing
and
evolving
faster
than
in
other
regions
of
the
world
Honey
J
Kathuria
Founder:
Kowrk.Com
Asia’s
largest
platform
to
connect
users
&
providers
of
shared
work
spaces

2. Coworking
Industry
is
Growing
https://www.statista.com/

3. Growth
Indicators
• USA:
27
million
sq.
feet of
shared
workspace1
~40%
of
the
American
workforce
are
independent
contractors,
freelancers,
or
are
not
otherwise
traditionally
employed
1:http://www.us.jll.com/united-­‐states/en-­‐us/research/property/office/coworking-­‐space-­‐the-­‐landlord-­‐perspective
2:http://www.business-­‐standard.com/article/economy-­‐policy/co-­‐working-­‐spaces-­‐to-­‐grow-­‐50-­‐in-­‐2017-­‐says-­‐jll-­‐india-­‐chief-­‐117072000719_1.html
3:
Kowrk.com
PHM
Analysis

4. Growth
Indicators
• USA:
27
million
sq.
feet
of
shared
workspace1
~40%
of
the
American
workforce
are
independent
contractors,
freelancers,
or
are
not
otherwise
traditionally
employed
• India:
coworking
spaces
to
grow
by
40-­‐50% to
1
million
sq.
feet2
1:http://www.us.jll.com/united-­‐states/en-­‐us/research/property/office/coworking-­‐space-­‐the-­‐landlord-­‐perspective
2:http://www.business-­‐standard.com/article/economy-­‐policy/co-­‐working-­‐spaces-­‐to-­‐grow-­‐50-­‐in-­‐2017-­‐says-­‐jll-­‐india-­‐chief-­‐117072000719_1.html
3:
Kowrk.com
PHM
Analysis

5. Growth
Indicators
• USA:
27
million
sq.
feet
of
shared
workspace1
~40%
of
the
American
workforce
are
independent
contractors,
freelancers,
or
are
not
otherwise
traditionally
employed
• India:
coworking
spaces
to
grow
by
40-­‐50%
to
1
million
sq.
feet2
• Hong
Kong:
Area
occupied
by
coworking
spaces
as
a%
of
country
area
is
the
highest
in
the
world3
1:http://www.us.jll.com/united-­‐states/en-­‐us/research/property/office/coworking-­‐space-­‐the-­‐landlord-­‐perspective
2:http://www.business-­‐standard.com/article/economy-­‐policy/co-­‐working-­‐spaces-­‐to-­‐grow-­‐50-­‐in-­‐2017-­‐says-­‐jll-­‐india-­‐chief-­‐117072000719_1.html
3:
Kowrk.com
PHM
Analysis

6. WeWork is
in
Lead
July
2017:
$20Bn
https://www.statista.com/

7. Asian
players
are
not
behind
• Naked
Hub
+
Just
Co:
largest
premium
coworking
space
operator
in
Asia.
• UrWork +
New
Space:
biggest
coworking
space
chain
in
China

8. Asian
players
are
not
behind
• Naked
Hub
+
Just
Co:
largest
premium
coworking
space
operator
in
Asia.
• UrWork +
New
Space:
biggest
coworking
space
chain
in
China
• The
Hive:
Strong
SEA
player
in
HK,
BK,
SG,
VN
• Many
local
players
are
being
funded
– Awfis,
Toong,
Worq,
Spacemob

9. Users
of
Coworking
Spaces
41%
CAGR
*http://www.smallbizlabs.com/:
Emergent
Research

10. Comparative
overview
across
the
globe

11. The
Opposite
Sides
• Coworking
prices
in
Switzerland are
currently
the
highest
in
the
world at
~600
USD
per
month

12. The
Opposite
Sides
• Coworking
prices
in
Switzerland are
currently
the
highest
in
the
world at
~600
USD
per
month
• The cheapest
country
for
coworking
in
the
world
is
Cambodia (~85
USD
per
dedicated
desk
per
month).
• In
2016,
???
was
the
cheapest.

13. The
Opposite
Sides
• Coworking
prices
in
Switzerland are
currently
the
highest
in
the
world at
~600
USD
per
month
• The cheapest
country
for
coworking
in
the
world
is
Cambodia (~85
USD
per
dedicated
desk
per
month).
• In
2016,
India
was
the
cheapest.

14. The
Opposite
Sides
• Coworking
prices
in
Switzerland are
currently
the
highest
in
the
world at
~600
USD
per
month
• The cheapest
country
for
coworking
in
the
world
is
Cambodia (~85
USD
per
dedicated
desk
per
month).
• In
2016,
India
was
the
cheapest.
• Hong
Kong
is
one
of
the
most
expensive
country
to
cowork
in
Asia (~450
USD)

15. New
York
-­‐>
London
-­‐>
Hong
Kong

16. New
York
-­‐>
London
-­‐>
Hong
Kong
NY
($520)
is
most
expensive
followed
by
HK
($450)
and
London($350)

17. India
Flavor

18. Growth
in
the
last
2
years
-­‐ Mumbai
Mumbai,
Bangalore,
and
Delhi
NCR
collectively
host
70%
of
the
startups
in
India
• Mumbai:
The
most
expensive
city
for
coworking
in
India (~135
USD).
• <15
spaces
in
2015
-­‐>
50+
spaces
in
2017
• 35%
price
increase

19. Growth
in
the
last
2
years
-­‐ Bangalore
• Bangalore:
Coworking prices
increased
by
50%
• highest
variation
of
coworking
prices
in
India
($40
-­‐ $300
pm)
• Majority
of
new
spaces
opened
in
‘outskirt’
areas

20. Growth
in
the
last
2
years
-­‐ Delhi
• Delhi:
100%
increase
in
number
of
spaces
• Coworking
cost
remained
stable
• Least
variation
in
coworking
prices
• Highest
concentration
in
South
Delhi
&
Noida

21. Happy
Kowrking!
hjk@kowrk.com