In the past decade, coworking spaces have emerged as a new and promising phenomenon within entrepreneurship. Due to its prevalence, popularity and potential for disruptive change, coworking is increasingly relevant to theory, practice and policy in entrepreneurship, yet its implications are largely unstudied given its rapid rise. Overall, more data and analysis is needed to inform owners, policy makers and entrepreneurs about the effects of coworking. This paper, by UNC Kenan-Flagler Ph.D. candidate Travis Howell and Professor of Strategy and Entrepreneurship Chris Bingham, is meant to increase understanding about the nature and value of this new phenomenon. In other words, it attempts to address the question: Does coworking work?