Why do startups work at coworking spaces?

When a startup grows its business, coworking spaces offer the flexibility of scaling up as and when the need arises. When the startup needs more facilities and employees to match a peak in demand, a coworking space can be more flexible than a traditionally rented office. Location is also an important factor for growth.

How profitable are coworking spaces in 2019?

Further results of the 2019 Global Coworking Survey: – Coworking spaces that operate more than three locations are more likely to record a profit (70\%) than in previous years. In the case of coworking spaces with only one location, as in previous years, only one in three are profitable.

How profitable are coworking spaces?

On average, 40\% of coworking spaces are profitable, according to responses to the second Global Coworking Survey. This initially disappointing figure masks some more complex factors. The second Global Coworking Survey shows that 72\% of all coworking spaces become profitable after more than two years in operation.

How do Cowork spaces work?

Coworking spaces are essentially shared workspaces. They offer affordable office space for those looking to escape the isolation of a home office or coffee shop. These shared workspaces offer a suite of office-like amenities such as hot-desks, private meeting rooms, kitchens, coffee and more.

Are coworking spaces a good business?

According to AndCards, only 43\% of coworking spaces are currently profitable. With new coworking spaces opening up nearly every day, it might take them a few months to start to make a profit. But keep in mind that after two years in operation, more than 70\% of all coworking spaces become profitable.

How do co working spaces work?

Coworking is an arrangement in which workers of different companies share an office space, allowing cost savings and convenience through the use of common infrastructures, such as equipment, utilities, and receptionist and custodial services, and in some cases refreshments and parcel acceptance services.

Who uses Officespaces?

There are several different types of people who would benefit from using a coworking space as opposed to working from home.

• Remote Workers. One group of people which can benefit from using a coworking space is remote workers.
• People Who Are Traveling.
• Students.
• Freelancers.
• People Who Work in Conventional Offices.