In our latest report, the 2021 Desk Price Index, we examine the evolution and maturation of coworking markets 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 coworking operators who are looking to expand their 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 $189 USD (up from $183 in 2020), competition is ripe as spaces see rising demand from large companies that are now integrating a hub-and-spoke model of work.
Our Analysis – Most Expensive Countries for Coworking 2021
In terms of country rankings, Monaco claimed the top spot in 2021 for the most expensive monthly hot desk price, coming in at $397 USD per month. Switzerland ranked in second place at $376 USD per month, and Malta is third with $363 per month.
Interestingly, these three countries also held the most expensive monthly desk prices last year in 2020, showing year over year consistency.
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 2021 Desk Price Index report.