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 91 slides with more than 200 results.

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The slide deck contains following topics:

PART 1:

INCOME STREAMS & EXPENSES OF COWORKING SPACES - GENERAL RESULTS BY THE YEAR OF THE SURVEY BY:

  • PERCENTAGES OF REVENUE STREAMS OF A COWORKING SPACE

  • PERCENTAGES OF COWORKING SPACES THAT GENERATE CERTAIN TYPES OF REVENUE STREAMS

  • PERCENTAGES OF EXPENSES OF A COWORKING SPACE

  • PERCENTAGES OF COWORKING SPACES THAT GENERATE CERTAIN TYPES OF EXPENSES AGES OF COWORKING SPACES WHEN THEY BREAK EVEN

GENERAL COMPARISON OF PROFITABILITY:

  • YEAR OF THE SURVEY

  • ESTIMATED PROFITABILITY COWORKING SPACES NEARBY & FOR PROFIT-SPACES BY YEAR

  • AGE OF COWORKING SPACE

  • NUMBER OF MEMBERS

  • NUMBER OF MEMBERS PER DESK

  • NUMBER OF MEMBERS PER STAFF MEMBER

  • SIZE IN SQUARE METERS

  • BUSINESS MODEL

  • NO. OF OPERATED COWORKING SPACES

  • TYPE OF ACCESS

  • TIME COMMITMENT OF FOUNDERS

  • NEED OF RUNNING A PROFITABLE COWORKING SPACE

  • SHARE OF DEDICATED DESKS

  • SHARE OF FEMALE MEMBERS

  • EXPANSION PLANS FOR 2018

  • AVERAGE VALUES OF COWORKING SPACES

REVENUE STREAMS COMPARED BY PROFITABILITY COMPARISON BY SHARE OF REVENUE BY:

  • RENTING DESKS

  • PRIVATE OFFICES

  • MEETING SPACES

  • COMBINED MEMBERSHIP PLANS

LAYOUT COMPARED BY PROFITABILITY COMPARISON BY SHARE OF LAYOUT OF:

  • OPEN WORKSPACES

  • PRIVATE OFFICES

  • MEETING SPACES

COMPARISON OF PROFITABILITY BY LOCATION OF A COWORKING SPACE:

  • BY NO. OF INHABITANTS LOCAL TO A COWORKING SPACE

  • BY LANDSCAPE LOCAL TO A COWORKING SPACE

  • BY NO. OF OTHER COWORKING SPACES IN THE SAME CITY OR TOWN

  • BY NO. OF OTHER COWORKING SPACES IN THE SAME CITY WITH ≥1M INHABITANTS BY REPORTED SATURATION AT A LOCATION (IN THE SAME CITY OR TOWN)

  • BY REPORTED SATURATION IN THE SAME CITY OF ≥ 1M INHABITANTS

  • BY REPORTED SATURATION IN THE SAME CITY OR TOWN OF < 1M INHABITANTS

COMPARISON OF PROFITABILITY BY SHARE OF REPORTED PROBLEMS (2017 RESULTS):

  • BY PROBLEMS WITH ATTRACTING NEW MEMBERS

  • BY PROBLEMS WITH NOT ENOUGH WORKSPACE

  • BY PROBLEMS WITH GENERAL WORKLOAD

  • BY PROBLEMS WITH ADMINISTRATIVE TASKS

COMPARISON OF PROFITABILITY BY GENDER OF OWNER OR FOUNDER:

  • PROFITABILITY BY GENDER OF FOUNDER

  • COMPARISON OF CHARACTERISTICS OF A COWORKING SPACE BY GENDER OF OWNER OR FOUNDER

  • INCOME OF OWNER OR FOUNDER BY GENDER

COMPARISON OF PROFITABILITY BY MARKETING ACTIVITIES TO ATTRACT NEW MEMBERS (2017 RESULTS)

  • COMMUNITY-BUILDING ACTIVITIES

  • SEO ACTIVITIES

  • SOCIAL & ONLINE MEDIA ACTIVITIES

  • PARTICIPATING IN COWORKING VISA PROGRAMS

  • OFFERING REFERRAL PROGRAMS

  • OFFERING DISCOUNTS TO PARTNERS OR 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

PART 2: 

PROFITABILITY OF FOR-PROFIT COWORKING SPACES THAT ARE > 1 YEAR OLD - COMPARISON OF PROFITABILITY BY:

  • NUMBER OF MEMBERS

  • NUMBER OF MEMBERS OF PROFIT-NEEDED SPACES SIZE IN SQUARE METERS

  • SQUARE METERS PER DESK

  • RATIO OF MEMBERS PER DESK

  • RATIO OF MEMBERS PER STAFF MEMBER

  • NO. OF OPERATED COWORKING SPACES

  • TYPE OF ACCESS

  • STRONG FOCUS ON INDIVIDUAL CUSTOMERS

  • NEED OF A PROFITABLE COWORKING SPACE

  • EXPANSION PLANS

  • AVERAGE VALUES

  • INCOME OF FOUNDERS, OPERATORS AND STAFF MEMBERS

COMPARISON OF EXPENSES, REVENUE STREAMS & LAYOUT - COMPARISON OF PROFITABILITY BY:

  • SHARE OF EXPENSES

  • SHARE OF EXPENSES OF COWORKING SPACES THAT RENT A LOCATION

  • SHARE OF REVENUE STREAMS

  • SHARE OF REVENUE FROM A) RENTING DESKS, B) RENTING PRIVATE OFFICES, C) COMBINED MEMBERSHIP PLANS & D) MEETING SPACES SHARE OF LAYOUT

  • SHARE OF LAYOUT OF A) OPEN WORKSPACES, B) PRIVATE OFFICES, C) MEETING SPACES

  • SHARE OF DEDICATED DESKS

COMPARISON BY LOCATION LOCAL TO A COWORKING SPACE - PROFITABILITY BY:

  • BY NO. OF INHABITANTS LOCAL TO A COWORKING SPACE

  • BY LANDSCAPE LOCAL TO A COWORKING SPACE

  • BY NO. OF COWORKING SPACES IN THE SAME TOWN OR CITY

  • BY REPORTED SATURATION OF COWORKING SPACES IN THE SAME TOWN OR CITY

  • BY REPORTED SATURATION RATE OF COWORKING SPACES IN CITIES OF ≥ 1M INHABITANTS