How Profitable are Coworking Spaces?

From an article by Carsten Foertsch in Deskmag.

Excerpt: Coworking spaces work on different business principles from other companies. Most of them don’t hide their prices, nor do they lock people into long contracts. The collaborative atmosphere so valued in coworking spaces is based on the trust between its members, and not on profit-squeezing. But can we realistically describe coworking as “succesful” when only 40% of spaces are currently profitable? The answer is yes – when you take into account some simple factors. Especially time: 72% of coworking spaces become profitable after two years in operation. If they are privately run, the rate is even higher. Read more HERE. See also my recent article, “Rural Coworking, Anyone?”

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