Top Coworking Companies Identification
A list of 25 coworking or shared workspace companies was compiled in the spreadsheet; however, the companies are privately held companies and the financial information is not publicly available. Regus is the top coworking company and the only company listed as public. Their 2016 annual report listed their revenue at 2.2 billion pounds or roughly $3.1 billion. WeWork is in second place generating $1 billion a year in revenue according to WeWork's chief executive and co-founder, Adam Neumann. The top 25 companies have been added to the attached spreadsheet.
To find the top companies, I first located a list of companies operating in the US. The companies used to propagate the list were mentioned repeatedly throughout my research. I then looked for annual reports or mentions of revenue in news articles. I also looked through company websites to find revenue figures. Because the companies are listed as private, revenue information is not available publicly. I was only able to find revenue for two companies, which meant I needed to find a way to estimate the revenue in the remaining companies in order to rank them. I used Owler as a tool to give an estimate of company revenues. There is no date listed to reflect the year the revenue is from but it did give me a way to put the companies in order. Companies that did not have information filled in or were not found on Owler were marked as NA and put at the bottom of the list in no particular order. I also marked the year of revenue as NA. Lastly, I used a conversion tool to convert Regus' annual revenue from pounds to USD.
Regus and WeWork are the top two workspace companies operating in the US with over $1 billion in revenue annually. The top 25 companies have been added to the attached spreadsheet. Company websites, revenue, and the revenue year have also been added where applicable. It might be necessary to rank the remaining companies by the number of locations or customers once those fields are filled in. The filled in spreadsheet can be viewed here.