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 ‘traditional’ 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 by 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 (£67) 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, “It’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, we’ll soon see 40% of the global workforce in self-employed roles.

“It’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.”

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