The report ‘State of Coworking in Spain 2023-2024’ by CoworkingSpain highlights the continued growth of coworking spaces throughout the country. In the last three years, the square meters allocated to these flexible centers have increased by 42%, going from 980,000 m² in 2020 to 1,395,000 m² in 2023. This growth reflects the growing demand for flexibility in the workspace, driven in large part by teleworking and the need for more dynamic solutions compared to the traditional office model.
Madrid and Barcelona continue to lead the coworking market in Spain, with 484 centers. Barcelona tops the list with 265 spaces, while the Community of Madrid has 219, of which 172 are in the capital. However, other cities such as Valencia and Malaga are rapidly gaining ground, increasing their offering and attracting the interest of operators and users alike.
In particular, Malaga is standing out as an emerging destination for coworking. Its growth reflects a broader trend in which cities outside the traditional Madrid-Barcelona axis are attracting attention for their quality of life, connectivity and entrepreneurial atmosphere. With this development, Malaga is attracting not only freelancers and small businesses but also large companies looking for flexible and adaptable workspaces.
The report highlights that coworking in Spain now represents an industry that invoices more than 350 million euros annually, hosting 105,000 users in more than 1,036 spaces. The average size of these spaces is 718 m², and continues to increase every year, showing a robust and expanding market.
At Urbemar, we observe these trends with interest and recognize the crucial role that coworking spaces play in the transformation of the tertiary sector real estate market. We will continue to monitor these growth opportunities, especially in emerging regions such as Malaga, to offer our clients the best options in commercial space management and flexible properties.
