Is coworking in Oslo just a passing trend – or is the market still in its early stages? We explore key trends, data, and what it will take for flexible office solutions to gain a stronger foothold in the Norwegian capital.
A Market in Transition
Coworking has become a central part of the office landscape in major cities around the world over the past decade. In Oslo, the growth has been more modest. As of 2024, coworking makes up just around 1.5% of the total office market – far behind cities like London, Paris, and Berlin, where flexible office space accounts for between 2% and 8%.
That 1.5% may even be slightly underestimated, as some coworking-style setups operate under the radar, such as larger companies subletting space as office hubs.
Capacity Down – But Profitability Up
Union’s Coworking Survey (Winter 2023/2024) reports a drop in coworking capacity in Oslo for the first time. From 2023 to 2024, available desks fell by 13%, equating to around 1,900 fewer workspaces. This is mainly due to the exit of major players such as Evolve and WeWork.
But it’s not all negative. 70% of coworking centres now report being profitable – a strong improvement from just 52% in August 2023. This suggests that many operators have adapted to the market and found sustainable models, even in challenging conditions.
A Crowded and Competitive Market
Despite the capacity drop, over-saturation remains a concern. Some operators are lowering prices to fill space, which puts downward pressure on overall profitability. Meanwhile, traditional office landlords are offering more flexible leases, which increases competition and reduces coworking’s unique value proposition.
How Does Oslo Compare to Other Major Cities?
International coworking markets have experienced explosive growth. From 2014 to 2019, cities like New York and London saw annual growth rates of 25% in flexible office space. In 2019 alone, flexible offices accounted for 20% of all leasing activity in those cities.
According to Statista, flexible office leasing represented a significant portion of the market in 2020: London (28.4%), Paris (22.1%), and Berlin (16.9%). These figures reflect a strong demand for adaptable, short-term workplace solutions.
Is Oslo Lagging Behind?
It’s fair to ask whether Oslo is simply late to the party. Cultural preferences and market maturity may both play a role. Norwegian companies have traditionally favoured long-term, conventional leases. But with only 1.5% of the market currently covered, the potential for growth is clear – particularly as demand for hybrid and sustainable office models increases.
What Will It Take for Coworking to Grow in Oslo?
Several factors must align for coworking to expand its market share in Oslo:
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Greater awareness of flexible office solutions among tenants
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Access to centrally located, high-quality spaces
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Viable, profitable business models for operators
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Broader acceptance of shared and hybrid work environments
There’s also a clear opportunity in underutilised office stock. Many spaces in Oslo stand empty – coworking could be a smart and sustainable way to breathe new life into them.
Frequently Asked Questions About Coworking in Oslo
What’s the difference between coworking and traditional office space?
Coworking spaces offer flexible leases, shared amenities, and lower entry costs compared to traditional offices. Tenants typically rent one or more desks with access to meeting rooms, kitchens, and services – without long-term commitments or upfront investments.
Is coworking only for freelancers and startups?
Not anymore. Many established companies now use coworking spaces for project teams, satellite offices, or as a temporary solution during growth phases. Operators increasingly offer private team offices with strong levels of confidentiality.
Why is Oslo’s coworking market smaller than other major cities?
Coworking is still emerging in Norway. Cultural preferences for private, long-term office space and a relatively immature flexible leasing market may be slowing adoption.
Can coworking be profitable for landlords?
Yes – when done right. Coworking can boost utilisation and increase income per square metre, but it requires a clear strategy and professional operations. Many landlords now partner with coworking operators to handle the day-to-day management.
Is there still growth potential for coworking in Oslo?
Absolutely. With just 1.5% market share, Oslo’s coworking sector has plenty of room to grow – especially as more tenants seek flexible, cost-efficient, and hybrid-friendly workplace solutions.
About the Author
This article was written by Simen Strandos, advisor at Spacefinder. He specialises in helping small and medium-sized companies find and lease the right office space in the Oslo region.