The average space derives ten percent of its revenue from renting meeting rooms and event spaces (10% each). Food and beverages account for 5%, and ticket sales for workshops and events generate another 5%. Unlike business centers, coworking spaces occupy a very small part of virtual office services (3%). Overview and forecasts on current issues Industry and market perspectives and forecasts Key figures and rankings about companies and products Perspectives and preferences of consumers and brands in various sectors Detailed information on political and social issues All key figures about countries and regions Market forecasts and KPIs from experts for more than 1000 markets in more than 190 countries and territories Information on consumer attitudes and behavior around the world Business information about more than 70 million public and private companies Detailed information on more than 39,000 stores and online markets Directly accessible data for 170 industries in more than 150 countries and more than 1 million. Get quick analysis with our professional research service Are you still working on your first coworking space? How long do you plan to stay in your current coworking space? Are you planning to expand your coworking space this year? The most important key figures provide you with a compact summary of the topic of coworking spaces and take you directly to the corresponding statistics.
If your coworking spaces are dedicated to developing the business of renting meeting rooms over the course of a few years, it's easier and more recommended to rent them as offices. However, most coworking spaces make conference rooms too large, resulting in a waste of empty space. Read the latest article on the profitability of coworking spaces (201) or receive the most comprehensive report on profitable and unprofitable coworking spaces, based on the Global Coworking Survey. No matter how tempting they are, most coworking spaces should not build a large meeting room that seats 12 or more people, but should have a variety of 6-person conference rooms that can easily be converted into private offices if underused in the future.
Once space reaches a stabilization point of 80% of office occupancy, between 3 and 5% of revenues should be devoted to advertising. The biggest drawbacks when it comes to furnishing and building a coworking space are the wrong size of the office, the size of the desk, the purchase of furniture that is too expensive, the meeting rooms that are too large and not having the right portion of shared space for the private.
