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London ranked the best city in the world for co-working

When you think of co-working spaces, most of us will think of areas for start-ups working within a creative hub in an office space in a rejuvenating area of the city. But, with more โ€˜traditionalโ€™ companies ditching the expensive office fees to work out of co-working spaces around the world, it means that the way we are working is changing.

London has emerged as the top city for co-working beating out New York, Los Angeles and Paris, according to new research byย Aspinal of London.

London has the most co-working spaces (213), the third highest number of start-up companies (2493) and the third-place ranking for the number of company founders (3962).

The research looks at five key factors for co-working: number of co-working spaces, the average cost per month, number of start-up companies, number of company founders and broadband speed.

Los Angeles was ranked the second-best city, followed by Paris and Bangalore. Unsurprisingly Bangalore had the cheapest average workspace cost per month (ยฃ67) and the third highest number of co-working spaces.

Despite New York having the most start-up companies (3408), and the highest number of company founders (5802), it remained in fifth position.

Daniel Pickering-Fletcher, head of people at Aspinal of London, said, โ€œItโ€™s no surprise that London came out on top, as there are 1.4 million British freelancers working across all sectors and with the rapid growth of freelancers and entrepreneurs, weโ€™ll soon see 40% of the global workforce in self-employed roles.

โ€œItโ€™s clear that cities around the world are adapting to changing times. Working remotely and flexible hours are quickly replacing typical workdays to help people achieve a healthier work-life balance.โ€

The top 20 co-working cities around the world are:

top 20 co-working cities around the world