I am looking to start a new co-working space in my community - as one does not currently exist.
The space I am looking at will seat about 80 people at capacity. I am selling a monthly membership (one pricepoint) where they can come in as often as they like.
What have you found about how often members come to work in the space? Do you have any numbers you might share with me?
My thought is that many might use the space 1/2 time, which would mean I could sell 150 members and still be comfortable.
Correct. Vibrant, successful spaces seem to achieve 2:1 ratios for unreserved desks.
Workplace studies also show that people are in the office only 50% of the time, and 33% of the time actually at their desk or in their office.
I have seen as high as 4:1 in some of my spaces.
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On Tue, Aug 30, 2016 at 4:01 PM, Tracey Warren [email protected] wrote:
I am looking to start a new co-working space in my community - as one does not currently exist.
The space I am looking at will seat about 80 people at capacity. I am selling a monthly membership (one pricepoint) where they can come in as often as they like.
What have you found about how often members come to work in the space? Do you have any numbers you might share with me?
My thought is that many might use the space 1/2 time, which would mean I could sell 150 members and still be comfortable.
Please ask yourself a few questions before opening...I wonder what's the population like there and will it sustain the numbers you need to stay afloat?
We work is able to stay profitable using cowork as a model because they sell wayyyyyyy more memberships than they have seats. Many also have anchor tenants that tale up entire floors (to help cover cost).
Coworking in itself is not typically a profitable generator, it's usually the other things you do (like rent event space) that make you money.
You should consider a few things before opening a Cowork (if you haven't already) like what model are you going to choose? Check out this blog article http://thecoworkconsultant.com/typesofcoworking/ to help you define your approach.
Hope this helps... coworking is awesome and go rock it!
Hey Jerome that’s interesting stats, do you have a reference to those workplace studies?
@Tracey: We found the “overbooking capacity” highly depends on a couple of factors:
community in the space (tighter community > people hang around more and stay longer in the space)
location (big cities > less in the office, smaller cities > more in the space)
hotdesk ratio (bigger hotdesk ratio leads to a more fluctuative behavior of members)
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On Thursday, September 1, 2016 at 11:06:53 AM UTC-4, Jerome wrote:
Correct. Vibrant, successful spaces seem to achieve 2:1 ratios for unreserved desks.
Workplace studies also show that people are in the office only 50% of the time, and 33% of the time actually at their desk or in their office.
On Tue, Aug 30, 2016 at 4:01 PM, Tracey Warren [email protected] wrote:
I am looking to start a new co-working space in my community - as one does not currently exist.
The space I am looking at will seat about 80 people at capacity. I am selling a monthly membership (one pricepoint) where they can come in as often as they like.
What have you found about how often members come to work in the space? Do you have any numbers you might share with me?
My thought is that many might use the space 1/2 time, which would mean I could sell 150 members and still be comfortable.
On Sat, Sep 3, 2016 at 6:30 PM, Bernhard Mehl [email protected] wrote:
Hey Jerome that’s interesting stats, do you have a reference to those workplace studies?
@Tracey: We found the “overbooking capacity” highly depends on a couple of factors:
community in the space (tighter community > people hang around more and stay longer in the space)
location (big cities > less in the office, smaller cities > more in the space)
hotdesk ratio (bigger hotdesk ratio leads to a more fluctuative behavior of members)
On Thursday, September 1, 2016 at 11:06:53 AM UTC-4, Jerome wrote:
Correct. Vibrant, successful spaces seem to achieve 2:1 ratios for unreserved desks.
Workplace studies also show that people are in the office only 50% of the time, and 33% of the time actually at their desk or in their office.
On Tue, Aug 30, 2016 at 4:01 PM, Tracey Warren [email protected] wrote:
I am looking to start a new co-working space in my community - as one does not currently exist.
The space I am looking at will seat about 80 people at capacity. I am selling a monthly membership (one pricepoint) where they can come in as often as they like.
What have you found about how often members come to work in the space? Do you have any numbers you might share with me?
My thought is that many might use the space 1/2 time, which would mean I could sell 150 members and still be comfortable.