Business Name Generator analyzes global cities’ co-working performance

Business Name Generator has investigated 53 cities around the world and analyzed how they perform when it comes to co-working. We have done this by gathering information about the number of co-working spaces available, their average monthly cost, internet speed, and search volume data. We were able to reveal which city is the co-working capital of the world. The study also explores which global cities are the best for commuters, based on travel times and costs.

What were the Business Name Generator study findings?

Market analysts predict an estimated five million people will be based in co-working spaces by the year 2024, which is a huge 158% increase from what it is currently. So which cities around the world are the most successful at meeting growing public demand for co-working spaces?

London is the coworking capital of the world

London is the best city in the world for coworking, with a staggering 1,322 coworking spaces, followed by Singapore and Berlin. It is also the most in-demand city, with a monthly internet search volume of 4,400 searches on average. However, the average monthly cost per desk in London is £267, which is 35% more expensive than all the other cities in the top 10 best cities.

The top 10 best cities for coworking:

Coming in second and third on the list are Singapore and Berlin, which both offer much fewer coworking spaces in comparison to London – 214 in Singapore and 192 in Berlin. San Francisco positions at fifteenth on the list, with only 81 coworking spaces available despite a high monthly search volume of approximately 2,400 searches. This big city in the United States also has the highest price tag for coworking spaces, at an average of approximately £312 per desk.

Doha and Abu Dhabi are the best cities for commuters

Doha in Qatar is the best commuter city, with a one-way ticket on public transport costing £0.48 on average, and a litre of petrol is only slightly more expensive at £0.49. On top of this, commuters using public transportation can expect to wait just three minutes for transport, and their average commute time is a very short 30 minutes. For commuters, this is very convenient.

Abu Dhabi follows in second on the list with commuters losing about 25 hours of their time thanks to traffic, which is the lowest in the ranking. To compare, workers in Tokyo (which places in the eighth) lose on average 98 hours (or around four days) every year to traffic.

Taiwan’s capital Taipei comes third on the list, offering way shorter average commute times in comparison to Abu Dhabi (35 minutes one-way on public transport, compared to Abu Dhabi’s 45 minutes) but much more time is spent in delays because of traffic (80 hours on average).

Istanbul is the worst city for commuters

The worst ranked commuter city on the list and in the world is Istanbul in Turkey. Despite the favourable low costs, its lengthy commute times are what makes this city a nightmare to travel to and from work. The average public transport commute in Istanbul is 68 minutes, and commuters here lose around 142 hours per year to traffic – the equivalent of six full days.

After Istanbul, Rio de Janeiro and Berlin are the worst cities for workers needing to commute. Although Berlin ranked as the third best city for coworking, it unfortunately also ranks as the third worst city for commuters thanks to high petrol (£1.95) and public transport (£2.67) costs.

Despite being the number one city for coworking, London doesn’t perform so well when it comes to a worker’s commute, ranking sixtth due to high travel costs. The average price of a one-way ticket on its public transport is £3.04, which is higher than other low-ranking cities.

What did the Business Name Generators executive say?

 “The demand for such coworking and working spaces, spurred on by the pandemic, continues to grow as more businesses look for reasonable costs and flexible contracts that don’t come with a permanent office. With coworking spaces around the world, businesses have the opportunity to expand their reach and employers have the option to work from anywhere.”

“When it comes to going into the office, many workers will now be weighing up the monetary costs as well as the impact of commuting against working from home. Offering staff and employees the flexibility to choose whether or not to work from home is the most sensible and worker friendly solution for companies to support employees during the cost-of-living crisis.”