PROFITABILITY OF COWORKING SPACES

PROFITABILITY OF COWORKING SPACES

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Can operators become rich with coworking spaces, or are their businesses just burning up money? It depends. The latter is clearly easier than the former. Be prepared, and study the differences between profitable and unprofitable coworking spaces. Receive 74 slides with more than 200 results (13MB).

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The slide deck contains following topics

Income streams & expenses of coworking spaces:

- Percentages of income streams of a coworking space
- Percentages of coworking spaces that generate certain types of income streams
- Percentages of expenses of a coworking space
- Percentages of coworking spaces that generate certaun types of expenses
- Age of coworking spaces when broke even

General comparison of profitability by:

- Year
- Number of members
- Age of coworking spaces
- Size in square meter
- Grade of invested time by founders
- Business model
- Business approach
- Share of different types of workspaces
- Estimated profitability of coworking spaces nearby - by year

Comparison of profitability by share of income from:

- Renting desks
- Renting private offices
- Renting meeting spaces
- Selling combined membership plans

Comparison of profitability by share of layout of:

- Open workspaces
- Private offices
- Meeting spaces

Comparison of profitability by location:

- By number of habitants per location (city or town)
- By number of other coworking spaces nearby (in the same city or town)
- By number of other coworking spaces nearby in the same city w/ more than 1M habitans
- By reported saturation at a location

Comparison of profitability by reported challenges with:

- Attracting new members
- Not enough workspace
- General workload
- Adminstrative tasks

Comparison of profitability by gender of owner:

- Profitability of coworking spaces by gender of owner
- General comparison of characteristics of a coworking space by gender of owner
- in €-countries
- in the USA

Comparison of profitability by marketing activity - profitability by:

- Community building activity
- SEO activity
- Social & online media activity
- Participating in coworking visa programs
- Offering referral programs
- Offering discounts to specific groups (e.g. students)
- Offering free trials or "free coworking" days
- Advertising activity
- Events for potential members
- Events with other coworking spaces
- Working in a coworking association
- Offering free trials or "free coworking" days

Comparison of profitabilty of mature for-profit coworking spaces  
= For-profit coworking spaces that need to be profitable on their own as part of their business model and are at least one year old - comparison of profitability by: 

- Expenses
- Challenges with the real estate market
- Size of location
- Income streams
- Layout
- Expansion plans
- Average values of basic characterics
- Number of members
- Size in square meter
- Ratio members to desk
- Share of income from renting desks, private offices & meeting spaces
- Income of owner or founder