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📊 Carsten’s 2023 State of Coworking deck
Carsten from Deskmag shared his slide deck from his talk at Coworking Europe in Porto last month. It Expand 👇 features more selected results from the 2023 global coworking survey.
🗞 Week 48, 2023
🔗 Direct Link
📈 Data
⏱ 931 days ago.
🚀 52% of for-profit coworking spaces report profitability
Deskmag just dropped their latest data set from the 2023 Global Coworking Survey.
Within the 49 page Expand 👇 document, we learn a whole bunch. First, in 2023 52% of for-profit spaces reported being in the green, 27% were breaking even and 22% were unprofitable (compared to 45/29/26% respectively in 2019).
The average profit margin for the profitable spaces was 19.7% up from 17.4% in 2019.
The percentage of revenue generated from hot & fixed desk rentals dipped in 2023 to 29% (from 31% in 2019 and a high of 40% in 2016) as office rental revenue grew to 35% (up 5% from 2019) and meeting room revenue added a percentage point to 12% in 2023.
On the flipside, the percentage of average expenses spent on wages went up to 23% from 2019’s 17%, whilst rent still led the overheads at an average 34% of all expenses.
For my fellow data geeks, grab the full doc, it also looks at profitability by tenure, size, location, no. of members AND the problems affecting profitability.
What was your favorite, or most surprising stat? Let us know with a reply or by joining the open discussion.
🗞 Week 44, 2023
🔗 Direct Link
📈 Data
⏱ 966 days ago.

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