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How Profitable Are Coworking Spaces Today?

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. For most, the answer lies in the middle. Coworking spaces don’t operate independently of market principles. There are myriad business models, and their founders have just as many motivations and goals. And just as anyone can overextend themselves, hit the jackpot, or just break even with a bar, a cafe, or a restaurant chain, so too with coworking spaces. On average, every year things go a little better, but overall, things are still not optimal. In this article, you’ll see how things are looking.

  • More Than One Million People Will Work in Coworking Spaces in 2017

    More coworking spaces, more members… These basic forecasts for 2017 are straightforward. The interesting findings of the Global Coworking Survey, compared with previous years, are once more shown in detail. Things are looking somewhat more restrained in the new year from the perspective of freelance and entrepreneur members. Coworking spaces are planning yet more expansion. And half of the members care very little about Donald Trump being in the White House - for the other half, the dominant sentiment is dread.

  • The Global Coworking Survey Is Back - and Now Open

    Today, the biggest worldwide study of coworking is officially underway, reflecting a better understanding of various facets behind the movement in order to support sustainable growth. In its sixth year, the Global Coworking Survey collects responses from current and former coworking space owners, operators, and members from around the world. Their responses, published into free reports, provide comprehensive results on the coworking movement. You can continue to support the movement by taking part in this year’s survey, and by becoming an official supporter.

  • 2016 Coworking Forecast

    This year’s forecast and trends of the coworking market doesn’t differ strongly from past years according to new results of the Global Coworking Survey. While the coworking industry might have had some stormy and less than desirable market conditions in 2015 with increased real estate prices and challenges in growing awareness, those phenomena don’t have a negative impact on the global development in general, at least not more than in the past. This is the year we’ll see over 10,000 coworking spaces open by the end of 2016.

  • First Results Of The New Global Coworking Survey

    During the annual Coworking Europe Conference in Milan, the first round of results taken from the most recent Global Coworking Survey were presented to eager attendees. The number of coworking spaces has grown by 49% worldwide at around 8,700. The survey also showed that current spaces serve, on average, a third more members than they did just two years ago. Yet, surprisingly, the increase in members has not led to a more isolated work environment.

  • The Growth of 'Coworking' on Google & Wikipedia

    Where and how often do people search online for 'Coworking'? Do they write it with or without a hyphen? Has the new style of work affected the popularity of 'home offices'? Google and Wikipedia offer daily data about their search volumes and requests. Deskmag worked its way through this data and extracted some answers about these and other questions.

  • The Top 10 Small Business Trends for 2015

    The ongoing technology platform shifts to Cloud and Mobile Computing will continue as long term drivers of change in 2015. While each is important and powerful on its own – and both have been listed individually multiple times in our top 10 lists from prior years - their growing convergence is amplifying their impact and fundamentally altering how business is done.

  • The Fascination of Coworking - New Study Released

    The fact that most coworking spaces are somewhat "cool" is probably the reason that most people become exposed to them. But - what is it exactly that has created the fascination that many have with coworking? What do coworking spaces have to do to be seen as attractive? How should one respond to the pull that coworking apparently triggers for conventional companies?

  • The Coworking Community Expands with NewWorker Magazine

    Coworking is all about community. Individual coworkers tend not to be focused on the money or the fame (but it doesn’t hurt if that happens, too) but are focused on the improvement of the workforce and the wellbeing of community members. As the movement grows, it is important to keep your eye out for those who are pushing things forward and fellow coworker and founder of NewWorker Magazine, Melissa Mesku, is doing just that.

  • Takeoff & Find Your Way To GCUC 2014

    One of the hardest parts about organizing a conference for a bunch of bright, motivated and savvy Entrepreneurs is that you need to pick some overall themes. Last year we went to the European Coworking Conference to participate and to observe. In an Unconference session we learned that the main suggestion for improving Coworking Conferences was to make it more like Coworking and less like a conference. Duh. Seems so obvious but we had never thought of it.

  • The Coworking Forecast 2014

    What if you could enjoy more leisure time while earning a higher wage? That’s the boon awaiting the one in ten people who start coworking this year. Everyone else will have to work more. But three fourths of coworking respondents reported a significant bonus at year’s end. Though the coworking boom has cooled off slightly since last year with many spaces curbing expansion, the outlook for 2014 is optimistic: sixty-percent of existing coworking offices are slated to acquire new space for their coworking members this year.

  • 4th Global Coworking Survey started

    Deskmag’s Global Coworking Survey is now online. For the fourth year running, we examine the conditions of coworking spaces, its users, operators and potential members. The survey can be taken by coworkers, non-coworkers, and space operators alike. Last year, Deskmag collected data from over 2,000 respondents, making it the world’s largest survey dedicated to coworking.

  • The new Deskmag will come... but only with your support.

    Deskmag has covered the worldwide coworking movement for over three years. During this time, we have published more than 800 articles about the development of coworking spaces. Unfortunately, we have reached our limit and we are now asking for your support to help Deskmag live on. With your we will produce the next Global Coworking Survey and introduce a set of new tools to the Deskmag website, based on numerous requests from our readers. Our incentives will allow us to focus more on our favorite topic: coworking.

  • 319 Scholes Opens Coworking Space For Artists

    319 Scholes, a multidisciplinary space in New York City that hosts workshops, live performance and group exhibitions, examines the bridge between technology and art. Offering artists access to workshops, tools and space, 319 Scholes is now opening a coworking space that offers multiple membership that will feed the collaborative spirit even more.

  • Coshare - The 1st Coworking Association in the US

    The concept of forming an official coworking association to collectively represent the movement has been floated in the past, but was met with some resistance. Today, there a lot of local associations, and some national coworking organizations such as the Italian CowoProject or CoworkingCroatia. This month, they have been joined by a new buddy: the 1st coworking association in the US. CoShare will promote and support the movement in the world's biggest coworking country.

  • The 1st Health Insurance Plan For Coworking Spaces

    Bring a group of independent workers, freelancers and entrepreneurs together and ask them to identify one of the biggest drawbacks to “working for themselves” and pretty quickly the conversation will turn to Health Insurance. While most independent workers value the flexibility that their chosen work style provides, traditionally the high price of extended health benefits has been a real financial barrier to most.

  • Deadline Extended for Global Coworking Conference Host City Bids

    With its roots at the SXSW Conference in Austin, TX dating back to 2007, the Global Coworking Unconference Conference (GCUC) attracted over 300 people from eleven countries in 2013 and is seeking bids for a new city to host the 2014 event. The deadline for proposals is now extended to Friday, August 2.

  • Investor drives Deskwanted into insolvency - Criminal filed

    Deskwanted requested to open a series of insolvency proceedings. Since January, the company's investor has refused to provide payment from the budget that was previously agreed upon. Instead, they have continuously tried to bring Deskwanted into debt. In addition, they refused to hand over Deskwanted's belongings, which were left behind. For these reasons, Deskwanted has recently filed a criminal complaint against the CEOs of Immobilien Scout GmbH, a subsidiary company of Deutsche Telekom, also known as T-Mobile in many countries.

  • LiquidSpace Receives Additional Funding of US$ 1.3 Million

    LiquidSpace, the web and mobile platform, which aims to facilitate the process of finding on-demand work and meeting spaces in the US, received US$ 1.3 million in additional funding this week. The money will be added on to the US $11 million in funding raised since 2010. According to the company, the support comes from two new strategic investors—Steelcase and the CBRE Group, two bigger companies that are also involved in the workspace industry.

  • The differences between work cultures found in eleven countries

    Cultural differences have been a major challenge for many workspaces, especially those that are welcoming a variety of different nationalities. We all work differently and our professional expectations, as well as our cultural values, highly influence the way our workspace is designed. In a new issue of the research paper 360°, Steelcase has addressed these challenges by mapping the different work cultures found in 11 different countries.

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