Entrepreneurs and Small Business Owners Gravitate to Co-working Spaces

A study by the Global Workspace Association says 2,100 co-working spaces exist in the U.S. as of October 2014, up 111 percent from the start of 2013. Deskmag, a magazine covering the co-working industry, reported 90 percent of U.S. co-working spaces expect to increase membership this year, while 25 percent of them expect to see significant growth.

Co-working spaces seem a perfect fit for millennials, who are at the heart of the sharing economy, experts say.

And potential candidates for co-working spaces are plentiful. Thirty-four percent of the U.S. workforce, or 52 million people, work as freelancers, according to a report by Freelancers Union and Elance-oDesk, a freelance job site. Freelancers include temporary workers, independent contractors and solo entrepreneurs.

The Bureau of Labor Statistics estimates that 65 million Americans, or 40 percent of the workforce, will be freelancers by 2020.

Read the full article from the Richmond Dispatch Times