The Cities With the Highest Costs to Co-Work
Skift Take
A snapshot of how much it costs to go flex reveals few discrepancies in pricing, but some telltale signs of where prices could be about to soar.
For those companies planning on swapping offices for co-working spaces, one company has analyzed the cost of doing so around the world. You may be one of them — an estimated five million people will be based in co-working spaces by 2024, an increase of 158 percent on 2022.
The U.S. features the three most expensive places for remote workers, with San Francisco, New York City and Boston topping a list of 53 cities.
Rank
City
Country
Co-working Space Search Volume
Number of Co-working Spaces
Average Cost Per Desk/Month (USD)
1
San Francisco
U.S.
2,400
81
$359
2
New York
U.S.
590
454
$356
3
Boston
U.S.
1,300
65
$343
4
Hong Kong
Hong Kong
1,600
341
$329
5
Sydney
Australia
1,300
169
$318
6
Stockholm
Sweden
1,000
84
$315
7
Tel Aviv
Israel
210
39
$313
8
London
UK
4,400
1,322
$308
9
Los Angeles
U.S.
1,900
130
$305
10
Melbourne
Australia
1,600
209
$297
Source: businessnamegenerator.com
The new report also covers internet speeds, and looks at which cities are the best for commuters, based on travel times and costs.
On this front, Doha in Qatar comes out on top: a one-way ticket on public transport costs an average of just $0.55, and a liter of petrol is $0.57. Commuters on public transportation can expect to wait just three minutes for transport, and their average commute time is only 30 minutes.
But England's capital is the most in demand, bas