In our latest report, the 2022 Hot Desk Price Index, we examine the evolution and maturation of coworking markets based on hot desk pricing around the world. By taking a data-led view of the industry as a whole, the report illuminates the most and least expensive cities and countries for coworking—a useful metric for developers and operators who are looking to expand their number of locations.
As remote work becomes increasingly popularized and the flexible office industry continues to develop across second and third-tier cities, shared offices are growing in appeal. With the average price for a monthly hot desk rental reaching $206 USD (up from $183 in 2020 and $189 in 2021), competition is ripe as spaces see rising demand from large companies that are now integrating a hybrid model of work.
Our Analysis – Most Expensive Countries for Coworking 2022
In this year’s Hot Desk Price Index, we examined the average monthly hot desk prices of more than 19,500 coworking spaces in 172 countries and across six continents based on data provided by Coworker.
In terms of country rankings, Switzerland claimed the top spot in 2022 for the most expensive monthly hot desk price, coming in at $363 USD per month. Hong Kong ranked in second place at $344 USD per month, and Qatar is third at $314 per month.
Interestingly, Switzerland has topped the list for most expensive monthly desk prices in 2020 and 2021 as well, showing year over year consistency in its market.
Here are the top 10 most expensive countries for coworking based on monthly average desk prices:
To read a detailed analysis of what these statistics reveal about the industry at large, download the full 2022 Hot Desk Price Index report.