Andrés Ramírez Gossler, Facundo Schinnea - eCommerce Day Chile 2024
2018 GLOBAL COWORKING SURVEY
1. THE INDEPENDENT RESEARCH IS SUPPORTED BY READ MORE AT BIT.LY/2018FORECAST
2018 GLOBAL COWORKING SURVEY
2018
COWORKING
FORECAST
2. 2015 2016 2017 2018
18900
15500
12100
8900
2015 2016 2017 2018
1690000
1270000
890000
545000
NUMBER OF MEMBERS
TREND
TREND
2
NUMBER OF COWORKING SPACES AND MEMBERS WORLDWIDE
THE 2018
GLOBAL
COWORKING
SURVEY
2
2015-2017: CALCULATION BASED ON SURVEY RESULTS
RECALCULATED ACCORDING TO THE LATEST DEVELOPMENT AND FOR DECEMBER 31 OF EACH YEAR – NOT OCTOBER 31 AS IN THE PREVIOUS SURVEYS
2018: PROJECTION
NUMBER OF COWORKING SPACES
ABSOLUTE
ABSOLUTE
PROJECTION
PROJECTION
AS OF DECEMBER 31 OF EACH YEAR
AS OF DECEMBER 31 OF EACH YEAR
3. 3
THE 2018
GLOBAL
COWORKING
SURVEY
3
THE BIGGER THE SURFACE OF A RECTANGLE THE MORE OFTEN THE TREND WAS MENTIONED
THE TRENDS HAVE BEEN COLLECTED, SUMMARIZED AND STRUCTURED FROM OPEN RESPONSES
REPORTED BY COWORKING SPACES.
MAJOR TRENDS FOR COWORKING SPACES IN 2018
MORE (& BIGGER)
COWORKING SPACES
MORE CORPORATE
COWORKING
MORE CORPORATES
IN COWORKING SPACES
STRONGER FOCUS ON
SUSTAINABLE
COMMUNITY BUILDING
CONSOLIDATION
MORE NICHE
COWORKING SPACES
OR SPECIALZED COWORKING SPACES
MORE (COMMUNITY)
EVENTS
STRONGER
COMPETITION
SUPPLY OF
ADDITIONAL SERVICES
MORE DIFFERENTIATION
FROM COMPETITORS
HIGHER SHARE OF
PRIVATE OFFICES
BETTER AWARENESS
OF COWORKING CONCEPT
MORE COLLABORATION
BETWEEN (INDEPENDENT)
COWORKING SPACES
MORE COWORKING SPACES
IN SUBURBAN
& RURAL AREAS
LOWER MEMBERSHIP
PRICES
LESS SOCIAL & MORE
"EXECUTIVE" ATMOSPHERE
"MASSIFICATION", "HOTELIZATION",
COMMODITIZATION OF
COWORKING SPACES
MORE COWORKING SPACES
WITH CHILDCARE
OTHER BUSINESSES (E.G. HOTELS) THAT
INTEGRATE COWORKING SPACES
REDUCED MEMBER LOYALTY
HIGHER SHARE OF EMPLOYEES
MORE CHAINS OF
COWORKING SPACES
MORE REMOTE WORKERS
MORE DIGITAL NOMADS MORE START-UPS IN
COWORKING SPACES
4. EXPANSION PLANS OF COWORKING SPACES (DETAILED)
4
THE 2018
GLOBAL
COWORKING
SURVEY
4
YES, WITH MORE DESKS AND SPACE IN OUR CURRENT LOCATION
YES, WE PLAN TO MOVE TO ANOTHER, LARGER LOCATION
YES, WE PLAN TO OPEN (AN)OTHER EXTRA LOCATION(S)
NO
OTHER
0 % 10 % 20 % 30 % 40 %
8 %
27 %
36 %
9 %
27 %
8 %
29 %
36 %
9 %
29 %
8 %
33 %
35 %
8 %
21 %
8 %
31 %
36 %
12 %
27 %
7 %
29 %
39 %
11 %
27 %
7 %
33 %
37 %
8 %
27 %
2018 2017 2016 2014 2013 2012
TREND
MULTIPLE "YES"-OPTIONS ALLOWED.
REPORTED BY COWORKING SPACES, RESULTS ROUNDED.
5. EXPANSION PLANS OF COWORKING SPACES - BY PROFITABILITY
5
THE 2018
GLOBAL
COWORKING
SURVEY
5
YES, WITH MORE DESKS AND SPACE IN OUR CURRENT LOCATION
YES, WE PLAN TO MOVE TO ANOTHER, LARGER LOCATION
YES, WE PLAN TO OPEN (AN)OTHER EXTRA LOCATION(S)
NO
OTHER
0 % 13 % 25 % 38 % 50 %
6 %
43 %
25 %
12 %
27 %
9 %
38 %
31 %
5 %
27 %
7 %
26 %
46 %
7 %
25 %
PROFITABLE NO PROFIT - NO LOSS UNPROFITABLE
MULTIPLE "YES"-OPTIONS ALLOWED.
REPORTED BY COWORKING SPACES, RESULTS ROUNDED.
6. PLANNED EXPANSION IN PERCENT COMPARED TO CURRENT SIZE
6
THE 2018
GLOBAL
COWORKING
SURVEY
6
69%
5% TRIMMED
MEAN
COWORKING SPACE IN SQM OR
SQF WILL BE EXPANDED IN 2018 BY
NEW: 2018
YES, WITH MORE DESKS AND SPACE IN OUR CURRENT LOCATION
YES, WE PLAN TO MOVE TO ANOTHER, LARGER LOCATION
YES, WE PLAN TO OPEN (AN)OTHER EXTRA LOCATION(S)
NO
OTHER
0% 33% 65% 98% 130%
28%
2%
102%
126%
65%
MEAN: 134%,
MEDIAN: 100%
MEAN: 113%,
MEDIAN: 70%
MEAN: 31%,
MEDIAN: 13%
MEAN: 6.5%,
MEDIAN: 0%
MEAN: 72%,
MEDIAN: 50%
REPORTED BY ALL COWORKING SPACES
ALL “YES” OPTIONS DO NOT TAKE INTO ACCOUNT 0% EXPANSIONS
MEAN: 82%, MEDIAN: 50%
7. PLANNED EXPANSION IN PERCENTAGE RELATED TO CURRENT SIZE
7
THE 2018
GLOBAL
COWORKING
SURVEY
7
70%
5% TRIMMED
MEAN
NEW: 2018
REPORTED BY: OPERATORS OR OWNERS WHO
CURRENTLY RUN ONE COWORKING SPACE ONLY
ALL “YES” OPTIONS DO NOT TAKE INTO ACCOUNT 0% EXPANSIONS.
MEAN: 72%,
MEDIAN: 50%
MEAN: 84%, MEDIAN: 50%
YES, WITH MORE DESKS AND SPACE IN OUR CURRENT LOCATION
YES, WE PLAN TO MOVE TO ANOTHER, LARGER LOCATION
YES, WE PLAN TO OPEN (AN)OTHER EXTRA LOCATION(S)
NO
OTHER
0% 40% 80% 120% 160%
21%
3%
127%
159%
63%
MEAN: 164%,
MEDIAN: 100%
MEAN: 136%,
MEDIAN: 100%
MEAN: 24%,
MEDIAN:0%
MEAN: 7%,
MEDIAN: 0%
MEAN: 77%,
MEDIAN: 50%
COWORKING SPACE IN SQM OR
SQF WILL BE EXPANDED IN 2018 BY
8. THE 2018
GLOBAL
COWORKING
SURVEY
SHARE OF COWORKING SPACES WITH EXPANSION PLANS*
88
61%66%62%59%65%67%
2012 2013 2014 2016 2017 2018
TREND
0 %
2.250 %
4.500 %
6.750 %
9.000 %
PROFITABLE ZERO PROFIT UNPROFITABLE
52%55%
67%
53%
65%
78%
55%54%
78%
48%
62%66%
57%
65%
73%
61%64%
81%
BY PROFITABILITY
GENERAL RESULTS
ALL “YES” OPTIONS WERE COMBINED AND COUNTED ONLY ONCE PER COWORKING SPACE.
9. 9
THE 2018
GLOBAL
COWORKING
SURVEY
9
2012 2014 2016 2017 2018
82
74
4942
31
4544
30
2420
159
129
76
52
38
AVERAGE: ARITHMETIC MEAN
AVERAGE: MEDIAN (50% VALUE)
5% TRIMMED MEAN (EXCLUDING THE LOWEST AND HIGHEST 5% OF VALUES.)
TREND
AVERAGE NUMBER OF MEMBERS PER COWORKING SPACE
REPORTED BY COWORKING SPACES - RESULTS ARE ROUNDED
10. THE 2018
GLOBAL
COWORKING
SURVEY
10
ANTICIPATION OF COWORKING SPACES FOR 2018
MEMBERS
INCOME
SENSE OF COMMUNITY
EVENTS
0 % 2.500 % 5.000 % 7.500 % 10.000 %
1%4%
1%
2%
1%
25%
18%
16%
13%
35%
36%
51%
46%
36%
45%
31%
40%
MUCH MORE… SLIGHTLY MORE… THE SAME AMOUNT OF…
SLIGHTLY LESS… MUCH LESS…
11. 11
THE 2018
GLOBAL
COWORKING
SURVEY
11
COWORKING SPACES ANTICIPATE....
MORE MEMBERS
MORE INCOME
MORE SENSE OF COMMUNITY
MORE EVENTS
0 % 25 % 50 % 75 % 100 %
74 %
87 %
84 %
88 %
74 %
84 %
87 %
92 %
67 %
81 %
82 %
87 %
71 %
84 %
81 %
86 %
71 %
81 %
81 %
86 %
FOR 2018 FOR 2017 FOR 2016 FOR 2014 FOR 2012
TREND
COMBINED RESULTS OF "MUCH MORE" AND "SLIGHTLY MORE".
12. 12
THE 2018
GLOBAL
COWORKING
SURVEY
12
COWORKING SPACES ANTICIPATE...
... MORE MEMBERS
... MORE INCOME
MORE EVENTS
0 % 2.250 % 4.500 % 6.750 % 9.000 %
75%
82%
78%
84%
72%
79%
79%
85%
63%
80%
85%
84%
70%
81%
82%
88%
≥ 1M INHABITANTS < 1M - 500K INHABITANTS
< 500K - 100K INHABITANTS < 100K INHABITANTS
COMBINED RESULTS OF "MUCH MORE" AND "RATHER MORE".
(BY NO. OF INHABITANTS LOCAL TO THE COWORKING SPACE)
... MORE SENSE
OF COMMUNITY
13. 13
THE 2018
GLOBAL
COWORKING
SURVEY
13
SHARE OF COWORKING SPACES THAT ANTICIPATE A STRONG INCREASE IN...
TREND
...MEMBERS
...INCOME
...EVENTS
0 % 1.500 % 3.000 % 4.500 % 6.000 %
36%
36%
22%
30%
38%
56%
42%
53%
UP TO 17 MONTHS OLD
18 MONTHS OR OLDER
0 % 1.500 % 3.000 % 4.500 % 6.000 %
19%
35%
18%
27%
42%
54%
32%
47%
0% 0% 0% 0% 1%
18 %
30 %
24 %
27 %
36 %
52 %
31 %
45 %
...SENSE OF
COMMUNITY
FOR 2018 2017 2016
(BY AGE OF COWORKING SPACES)
SHOWING THE MOST POSITIVE ANTICIPATIONS ONLY "MUCH MORE" (++), N.A. = NOT CONSIDERED - REPORTED BY COWORKING SPACES, RESULTS ARE ROUNDED
14. 14
THE 2018
GLOBAL
COWORKING
SURVEY
14
TREND
DISTRIBUTION OF COWORKING SPACES BY MEMBER NUMBERS
IN % - REPORTED BY COWORKING SPACES - RESULTS ARE GROUPED & ROUNDED
UP TO 9 10-19 20-29 30-39 40-49 50-59 60-69 70-79 80-89 90-99 100-109 110-119 120-129 130-139 140-149 150+
23
1021
4
22
4556
8
11
16
10
19
11
2
1
5
2
3
44
66
9
12
15
12
13
1120
3
1
33
2
77
9
12
14
23
2016 2017 2018
NUMBER OF MEMBERS
SHAREOFCOWORKINGSPACESIN%
TREND
15. 15
THE 2018
GLOBAL
COWORKING
SURVEY
15
TREND:
STABLE
SHARE OF NEW MEMBERS & COWORKING SPACES
29 %30 %34 %
40 %
51 %
2012 2014 2016 2017 2018
SHARE OF MEMBERSHIPS THAT ARE 12 MONTHS OR SHORTER
REPORTED BY MEMBERS - RESULTS ARE ROUNDED
0 %
16 %
32 %
47 %
63 %
56 %56 %57 %63 %
SHARE OF COWORKING SPACES THAT ARE 12 MONTHS OLD OR YOUNGER
REPORTED BY COWORKING SPACES - RESULTS ARE ROUNDED
63%*
*SHARE OF MEMBERS
WHO STARTED
COWORKING FOR THE
FIRST TIME
16. 16
THE 2018
GLOBAL
COWORKING
SURVEY
16
MEMBERS WHO STILL WORK AT THEIR 1ST COWORKING SPACE
1 %
12 %
9 %
78 %
2013
5 %
29 %
66 %
YES YES, BUT I ALSO WORKED AT OTHER COWORKING SPACES*
NO DON’T KNOW & N.A.
2014
2016
2018
18 %
13 %
70 %
1 %
18 %
15 %
66 %
1 %
24 %
14 % 62 %
2017
SHARE OF MEMBERS WHO NEVER WORKED
FROM MORE THAN ONE COWORKING SPACE*
*IN 2018, THIS QUESTION WAS REPLACED WITH "IS YOUR CURRENT COWORKING SPACE THE FIRST COWORKING SPACE YOU HAVE EVER WORKED AT?
THE OPTION "YES, BUT I ALSO WORKED AT OTHER COWORKING SPACES (IN THE PAST)" WAS REMOVED.
17. 17
THE 2018
GLOBAL
COWORKING
SURVEY
17
SATURATION RATE OF COWORKING SPACES IN THE SAME CITY
25 %
50 %
75 %
100 %
Cit
ies
wit
h 1 mi
llio
n hab
itan
ts or mo
re
Cit
ies
wit
h 999
,99
9 and
100
,00
0 hab
itan
ts
Loc
atio
ns
wit
h 99,
999
hab
itan
ts or les
s
3 %3 %3 %
23 %25 %30 %
65 %61 %47 %
9 %12 %19 %
≥ 1M
2 %
36 %
54 %
8 %
25 %
50 %
75 %
100 %
Cit
ies
wit
h 1 mi
llio
n hab
itan
ts or mo
re
Cit
ies
wit
h 999
,99
9 and
100
,00
0 hab
itan
ts
Loc
atio
ns
wit
h 99,
999
hab
itan
ts or les
s
2 %4 %
37 %30 %41 %
59 %64 %42 %
2 %7 %13 %
GENERAL RESULTS BY NO. OF INHABITANTS
3.000 %
6.000 %
9.000 %
12.000 %
≥ 1M
Loc
atio
ns
wit
h 99,
999
hab
itan
ts or les
s
3%1%0%
22%20%20%
68%66%55%
7%14%25%
BY PROFITABILITY
< 1M 100K ≥ < 100K
1 %
26 %
61 %
12 %
PROFITABLE
1 %
18 %
68 %
13 %
2 %
21 %
54 %
24 %
ZEROUNPROFITABLE
3 %
27 %
56 %
14 %
2 %
21 %
62 %
15 %
2 %
22 %
59 %
17 %
TOO MANY JUST RIGHT
TOO FEW N.A.
3.000 %
6.000 %
9.000 %
12.000 %
≥ 1M
< 1M
500
K ≥
< 500
K 100
K ≥
< 100
K
1%1%2%
19%26%30%19%
76%66%40%54%
4%8%28%25%
2014201620172018
≥ 1M < 1M 500K ≥ < 500K 100K≥ < 100K 2017 2018
2 %
20 %
59 %
19 %
2 %
22 %
65 %
11 %
1 %
26 %
56 %
18 %
REPORTED BY COWORKING SPACES
QUESTION: "HOW DO YOU RATE THE
NO. OF COWORKING SPACES IN YOUR
CITY RELATED TO THE DEMAND?"
2014201620172018
18. 18
THE 2018
GLOBAL
COWORKING
SURVEY
18
CURRENT TOP 10 CHALLENGES FOR COWORKING SPACES
ATTRACTING NEW MEMBERS
GENERAL WORKLOAD
REAL ESTATE MARKET*
COMPETITION**
ADMINISTRATIVE TASKS
ORGANIZING EVENTS
NOT ENOUGH WORKSPACE
HOSTING MEMBERS
TECHNICAL ISSUES
MEMBERS WHO DON'T PAY**
0 % 1.250 % 2.500 % 3.750 % 5.000 %
10%
7%
18%
21%
26%
27%
27%
41%
9%
14%
4%
21%
21%
29%
21%
25%
48%
14%
14%
16%
17%
21%
25%
28%
31%
31%
50%
2018 2017 2016
COMBINED RESULTS OF "VERY OFTEN OR ALWAYS" AND "RATHER OFTEN".
*FOR THE 2018 SURVEY, THE OPTION WAS CHANGED FROM 'GENERAL PROBLEMS
WITH REAL ESTATE MARKET ' TO 'RENTAL PRICES OF THE REAL ESTATE MARKET'.
**COMPETITION WAS INTRODUCED IN THE 2018 SURVEY,
MEMBERS WHO DON'T PAY" IN THE 2017 SURVEY FOR THE FIRST TIME:
REPORTED BY COWORKING SPACES, RESULTS ARE ROUNDED.
19. 19
THE 2018
GLOBAL
COWORKING
SURVEY
19
HOW LONG MEMBERS WILL REMAIN AT THEIR CURRENT COWORKING SPACE
0 %
25 %
50 %
75 %
100 %
2012 2014 2016 2017 2018
9 %11 %
5 %2 %
14 %
15 %
12 %18 %
14 %
21 %
19 %
17 %
17 %
18 %
55 %54 %
65 %61 %66 %
NOT PLANNING TO LEAVE REMAIN FOR AT LEAST ONE MORE YEAR
REMAIN FOR AT LEAST THREE MONTHS LEAVING WITHIN LESS THAN THREE MONTHS
N.A.
TREND:
STABLE
20. 20
THE 2018
GLOBAL
COWORKING
SURVEY
20
SHARE OF MEMBERS WHO DON'T PLAN TO LEAVE A COWORKING SPACE
0 %
23 %
45 %
68 %
90 %
2012 2014 2016 2017 2018
76 %74 %78 %77 %81 %
51 %51 %
68 %60 %56 %
31 %27 %
37 %35 %42 %
COWORKING SPACE WAS RATED LOWER THAN AVERAGE (1 TO 7 STARS OUT OF 10)
COWORKING SPACE WAS RATED AVERAGE (8 STARS OUT OF 10)
COWORKING SPACE WAS RATED HIGHER THAN AVERAGE (9 TO 10 STARS OUT OF 10)
BY MEMBER RATINGS OF CURRENT COWORKING SPACES
REPORTED BY MEMBERS - RESULTS ARE ROUNDED
BY NO. OF INHABITANTS LOCAL TO THE COWORKING SPACE
REPORTED BY MEMBERS - RESULTS ARE ROUNDED
0 %
23 %
45 %
68 %
90 %
2012 2014 2016 2017 2018
65 %56 %71 %72 %
88 %
59 %59 %68 %65 %68 %
50 %49 %61 %57 %62 %
1 MILLION & MORE INHABITANTS 999.999 - 100.000 INHABITANTS
LESS THAN 100,000 INHABITANTS
0 %
16 %
32 %
48 %
64 %
63 %55 %
<1M-500K
<500K-100K
21. 21
THE 2018
GLOBAL
COWORKING
SURVEY
21
SHARE OF MEMBERS WHO DON'T PLAN TO LEAVE A COWORKING SPACE
0 %
20 %
40 %
60 %
80 %
2012 2014 2016 2017 2018
56 %53 %
74 %71 %70 %
57 %53 %60 %60 %66 %
UP TO 29 MEMBERS 30 MEMBERS & MORE
0 %
23 %
45 %
68 %
90 %
2016 2017 2018
88 %75 %75 % 71 %61 %
79 %
65 %63 %
79 %
56 %63 %74 %
47 %44 %55 %
UP TO 11 MONTHS 12-23 MONTHS 24-35 MONTHS
36-47 MONTHS 48 MONTHS OR LONGER
0 %
15 %
30 %
44 %
59 %
2018
50 %
59 %
UP TO 49 MEMBERS
50 MEMBERS & MORE
BY NO. OF PRESENT MEMBERS WHO WORK AT THE SAME TIME
REPORTED BY MEMBERS - RESULTS ARE ROUNDED
BY LENGTH OF MEMBERSHIP
REPORTED BY MEMBERS - RESULTS ARE ROUNDED
22. WHAT ARE THE DIFFERENCES
BETWEEN PROFITABLE &
UNPROFITABLE COWORKING SPACES?
SUPPORT THE GLOBAL COWORKING SURVEY
& RECEIVE THE BOOKLET
CLICK HERE
INTERESTED IN MORE STATISTICS?
23. THE 2018
GLOBAL
COWORKING
SURVEY
MAIN SUPPORTERS
essensys.tech
"Essensys is a simple, easy to use
software platform that helps you
manage your workspace from lead to
cash and everything in between.
Workspaces can attract and retain
customers, grow additional income
streams and gain business insight to
make quicker decisions. We focus on
ensuring that your workspace can
deliver the best customer experience.”
"Nexudus is a leading white-label
platform to help coworking space
operators with their day-to-day tasks.
Today, hundreds of spaces around the
world use Nexudus to spend less time
typing and chasing invoices, keeping
their communities engaged and up-
to-date, or controlling who is in and
out of the space and how it is used.
Nexudus is made for and by their
active community of users."
nexudus.com
"WUN is consistently the shared space
and coworking platform of choice for
the largest and fastest growing
workspace operators from Premier
Business Centers to Quest
Workspaces."
wunsystems.com
MAIN SUPPORTERS
MAIN SUPPORTERS HELPED DISTRIBUTING THE SURVEY AND FINANCIALLY SUPPORTED THE CONDUCTION OF THE SURVEY.
DISTRIBUTION PARTNERS HELPED DISTRIBUTING THE SURVEY ON A GLOBAL BASIS..
OFFICIAL SUPPORTERS HELPED DISTRIBUTING THE SURVEY WITHIN THEIR COWORKING NETWORK.
23
25. (ARITHMETIC) MEAN, 5% TRIMMED MEAN, MEDIAN…
WHY ARE THERE SO MANY DIFFERENT AVERAGE VALUES? ISN’T THERE A SIMPLER WAY?
SURE THERE IS! BUT REDUCING A SKEWED DEVELOPMENT TO A SINGLE VALUE WOULD NOT PROVIDE AN ACCURATE
REFLECTION OF THE COWORKING LANDSCAPE, WHICH HAS BECOME MORE DIVERSE OVER RECENT YEARS. IN FACT, THE
VALUES PRESENTED HEREIN ARE THREE OF DOZENS OF STATISTICAL MEASURES; SO, WE ARE STILL KEEPING IT QUITE
SIMPLE. THE (ARITHMETIC) MEAN IS THE MOST COMMON AVERAGE TO REPORT CENTRAL TENDENCIES; HOWEVER, IT IS
NOT ROBUST IF IT IS INFLUENCED BY OUTLIERS (EXTREME CASES, WHICH ARE MUCH LARGER OR SMALLER THAN MOST OF
THE OTHERS). FOR EXAMPLE, THINK OF AN UNEQUAL DISTRIBUTION OF INCOME, WHERE 10% OF PEOPLE IN YOUR
COUNTRY “EARN” 90% OF ALL INCOME. IF YOU TOOK THE MEAN OF THAT INCOME, THE MAJORITY OF PEOPLE WOULD SEE
A HUGE GAP BETWEEN THE MEAN VALUE AND THE AMOUNT IN THEIR BANK ACCOUNTS. HENCE, IT UNFORTUNATELY
WOULD NOT REFLECT THEIR REALITY. THE COWORKING MARKET IS, OF COURSE, NOT THAT UNEQUAL; HOWEVER, THERE
ARE COWORKING SPACES (CHAINS) THAT CAN BE IDENTIFIED AS OUTLIERS, AND ARE MUCH BIGGER THAN MOST OTHER
COWORKING SPACES. FOR THIS REASON, WE PROVIDED TWO MORE AVERAGE VALUES: THE 5% TRIMMED MEAN CUTS THE
HIGHEST AND LOWEST 5% OF CASES, AND REFLECTS THE AVERAGE REALITY MUCH BETTER THAN THE ARITHMETIC MEAN;
THE MEDIAN SEPARATES THE UPPER HALF FROM THE LOWER HALF (IT IS SIMPLY THE VALUE IN THE MIDDLE). IT IS
IMPORTANT TO NOTE THAT MOST OF STATISTICS PRESENTED HEREIN ARE GROUPED, AND PRESENT THEIR SHARE TO
REFLECT THE WHOLE REALITY.
THE 2018 GLOBAL COWORKING SURVEY PAGE 25
HOW TO READ THE STATISTICS?
26. HOW ARE THE (ARITHMETIC) MEAN, 5% TRIMMED MEAN, AND MEDIAN CALCULATED?
THE (ARITHMETIC) MEAN IS THE SUM OF A COLLECTION OF NUMBERS DIVIDED BY THE NUMBER OF VALUES IN THE
COLLECTION. CONFUSED? IMAGINE YOU HAVE TEN NUMBERS… NOW ADD THEM UP, AND THEN DIVIDE BY TEN:
1 + 2 + 3 + 4 + 4 + 5 + 5 + 6 + 9 + 19 = 58/10 = 5.8
THE 5% TRIMMED MEAN FIRST REMOVES THE HIGHEST AND LOWEST 5% OF A COLLECTION OF NUMBERS, ADDS UP THE
REST, AND DIVIDES THIS TOTAL BY THE NUMBER OF VALUES IN THE COLLECTION:
1 + 2 + 3 + 4 + 4 + 5 + 5 + 6 + 9 + 19 = 38/8 = 4.75 = 4.8 (ROUNDED)
THE MEDIAN IS THE MIDDLE NUMBER OF A COLLECTION OF VALUES. IT DIVIDES THE UPPER HALF BY THE LOWER HALF. IN
THIS CASE, WE HAVE AN EVEN NUMBER OF VALUES (TWO MIDDLE NUMBERS), WHICH ARE ADDED UP AND THEN DIVIDED.
THIS GIVES A FULLY TRUNCATED OR TRIMMED MEAN:
1 + 2 + 3 + 4 + 4 + 5 + 5 + 6 + 9 + 19 = (4 + 5)/2 = 4.5
SIDE NOTE: THE GREATER THE DIFFERENCE AMONG THE VALUES, THE GREATER THE COLLECTION OF UNEQUALLY
DISTRIBUTED VALUES. IF YOU’D LIKE TO CONSIDER ONLY A SINGLE NUMBER, GO WITH THE 5% TRIMMED MEAN.
HOWEVER, IT'S BETTER TO USE THE SHARE OF GROUPS PRESENTED IN THE CHARTS.
HOW TO READ THE STATISTICS?
PAGE 26THE 2018 GLOBAL COWORKING SURVEY