Is Coworking Space Profitable? Profitability of Coworking Spaces

Coworking spaces can be profitable. However, costs like rent, staff, amenities, and marketing can make profits challenging.
After two years, 72% of coworking spaces become profitable. Careful planning and attracting members are keys.
Revenues come from work areas, events, and business amenities. Costs include facility, salaries, admin, and operating.
Profit margins are 10% typically monthly. On average 40% of spaces are profitable. But after more than two years 72% are. Time and planning are key.
Many new locations are opening due to remote work’s popularity after the pandemic. With many openings, operations may take months to become profitable. Nearly all privately run spaces are profitable after two years per the Global Survey.

Why do coworking spaces fail?
70% of spaces are profitable within two years. Increasing margins can improve profitability. Expanding costs still need managing.
Many new locations are opening due to remote work’s popularity after the pandemic. With many openings, operations may take months to become profitable.
Nearly all privately run spaces are profitable after two years per the Global Survey.