Examples of How Coworking Spaces are Priced
We've been receiving a few emails asking how to price a coworking space. Of course, all depends on your needs:
- Is it for-profit or a non-profit?
- What does the space cost you to run? (divide by the number of people it holds)
- What is the average cost for workspace in your area and can you make this more affordable?
TaraHunt mentioned a simple formula on the mailing list:
- Break even model
- (Cost of space x 1.5 = total cost of space) / (number of square feet / 100 = number of desks) = Cost per desk
- Profitable model
- (Cost of space x 3 = cost of space and then some) / (number of square feet / 100 = number of desks) = Cost per desk
For some cities, like New York, office space costs $4psf/month, so expect monthly desk rates like $600+, which is a relative bargain. Remember that we are still 'competing' with coffee shops, which are, basically, free if you don't count the coffee and the many muffins you will buy...although some spaces use the coffee calculation to justify their costs. For example, a $4 latte per day adds up to $80 per month. Considering you have to buy a coffee for every hour you spend at many coffee shops, you arelooking at around $500/month on coffee (for just regular coffees at $2/cup six hours per day).
Of course, coworking gives you much, much more than a coffee shop replacement, but if you want to show that you can get all of that and more, it's an idea. Here are a bunch of examples of existing spaces and their pricing structures. You can find out more about what those prices include on their websites:
Dyrecto Business Center (Tenerife, Canary Islands, Spain)
Basic Virtual Office: 75€/month
Custom Virtual Office 99€/month
Flexible Coworking 99€/month
Premium Coworking 200€/month
http://www.dyrecto.es/centro-de-negocios
The Network Hub (Vancouver)
COWORKING: $5 per hour or $35 all day
SHARED DESK SPACE: $250-$350/month
SMALL OFFICE SPACE: $750/month
MID-SIZED OFFICE SPACE: $900/month
LARGE OFFICE SPACE: $1350/month
http://www.thenetworkhub.ca/
Toolbox (Torino, Italy) - 1000mq openspace with 44 seats - 6 meeting rooms
Daily Pass: € 25,00 + Vat(20%)
Weekly Pass: € 100 + Vat(20%) - 3 hours of meeting rooms included
carnet: €400+ Vat(20%) - 20 pass to be used in 4 months
monthly pass: € 25,00 + Vat(20%) - 10 hours of meeting rooms included
2 adjacent seats: 450,00 + Vat(20%) - 20 hours of meeting rooms included
Annual pass: 2500,00 + Vat(20%) - 120 hours of meeting rooms included
http://www.toolboxoffice.it
Pto de Contato (São Paulo, Brazil)
Daily Pass: R$ 50,00 or US$ 25,00
Weekly Pass: R$ 225,00 or US$ 100,00
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Full period: R$ 500,00 or US$ 250,00 (Full time desk)
Part time period: R$ 350,00 or US$ 175,00 (6 hours per day)
http://www.ptodecontato.com.br
Beans! Coworking Augusta (São Paulo, Brazil)
Daily Pass: R$45,00
Weekly Pass: R$ 175,00
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Full month: R$ 650,00(Full time desk)
http://beans.net/
The Hive Coop (Denver)
$349/Month for the Anchor Plan
$199/Month for the Hotdesk Plan
$129/Month for the Nights and Weekends Plan
http://hivecoop.pbwiki.com/FAQ
Citizen Space (San Francisco)
$425 Full time, key, desk
$300 Part time, key
Free Drop in (Donations welcome)
http://citizenspace.us/pricing/
Independents Hall (Philadelphia)
$275 Full time
$175 Part time
$25 Basic membership, then $15/day
$25 drop in non-member
http://www.indyhall.org/pricing/
Cooper Bricolage (NYC)
$200 Month Pass
$60 5-Day Pass
$15 Day Pass
http://www.cooperbricolage.com/
Nutopia Workspace/81 Franklin Street (NYC)
$1200+ Private Office
$450+ Full Time
$400 Coworking + key (access 24x7)
$300 Coworking
$300/year Drop-in
($500 deposit for access 24x7)
http://www.nutopia.us/plans_rates.html
Coworking Brooklyn (Brooklyn)
$200 5 days/wk
Free drop in / $20/day after
(capacity 5-7 coworkers)
http://wiki.coworking.info/Coworking%20Brooklyn
Citizen Desk (Wausau, WI)
$175 Desk Member
$100 Basic membership, then $10/day
Free drop in non-member / $10 day after
($50 deposit for membership)
http://citizendesk.com/pricing/
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Working Space (Alcobendas, Madrid, Spain)
€350 Month Pass - one desk
€275 Four days per week
€225 Three days per week
€175 Two days per week
€125 One day per week
http://workingspace.es
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Garage30 (Madrid, Spain)
new times, new concepts, new models
€1599 each year, in-company!
€49 each month, in-move!
http://garage30.com
SoCo Depot (Penngrove, California)
Non-profit
Full time, key, desk $230 to $310 during 2008
http://www.socodepot.com
Cowork Central (Buenos Aires, Argentina)
Daily Pass: $70 AR (US $17)
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Ultra Light Member: $260 AR (US $65) (5 days/month)
Light Member: $450 AR (US $115) (10 days/month)
Advance Member: $580 AR (US $145) (15 days/month)
Full Member: $760 AR (US $190) (Fulltime desk)
http://www.coworkcentral.com/foreign/
Station C (Montreal, CA)
$350 Full access
$250 Lite (up to 22h/week of desk usage during workhours)
$3/hour desk
http://station-c.com
Eclau (Lausanne, CH)
CHF 300 Permanent desk
CHF 150 Hot-desk+storage
CHF 100 Hot-desk
Drop-in free
http://eclau.ch
Gangplank (Chandler, Arizona)
Free to anyone who comes in
8:30am-6:00pm most nights, till 11pm or later on Wednesdays.
http://gangplankhq.com
AbaCoworking (Bilgao, Spain)
€150 / month - Hot-desk + Wifi + Storage + Reception + Waiting room
http://abaconegocios.com/coworking-sec.html
Saint Louis Coworking (St. Louis, MO)
$450/month - Solo Dedicated Desk
$300/month - Shared Dedicated Desk
$100/month - Drop in
$175/month - Virtual Office
804RVA (Richmond, VA)
$75/ month - Socialite (1 day per week), Shared desk
$175/ month - Ninja (3 days per week), Shared desk
$250/ month - Coworkaholic (5 days per week), Shared desk
$360/ month - Resident (5 days per week), Dedicated desk
http://www.804richmond.com
C3 cowork (Prague, Czech Republic)
250CZK/day
1000CZK/week
3500CZK/month
http://www.c3cowork.com
Capsity - Sacramento, California
Virtual Office Package: 5 Day Flex Pass in shared office space - $95/month
Capsitizen Package: Unlimited access in shared office space -$127/month
Dedicated Desk: Unlimited access with your own desk - $250-$300/month
Private Office: Your own enclosed office space - $400-$50/month
http://www.capsity.com/pricing/
