This is some of the best simple Coworking math I've seen in a single post. It certainly belongs in the wiki. Thanks Jasper!
-Alex On Friday, August 5, 2011, Jazzman3 <jasperwe...@gmail.com> wrote: > Chad: > > We researched this as we worked on DurangoSpace (prior to our Feb 1st > opening this year). > > Here are the rules of thumb we came across: > > For each coworker, you need about 100 SF, so our 2,600 SF DurangoSpace > facility can handle about 20 to 25 people (coworking, meetings, casual > space). And the usage rate, is about 3:1 or 2:1. So for 2,600SF, > you can service 40 to 50 members, depending on how "crowded" or empty > you are managing the space. Research show coworking or shared space > occupation rates at 35% to 50% of members using the coworking space on > any given day. > > For hard break even, we are using gross rent X 1.5 (to cover rent > and utilities and basic costs). To make money we are figuring gross > rent X 2.5 to 3.5. So how are we doing so far? Some months we > have barely made rent and dug into start up funds for utilities. > Last month we turned a small profit, but we still have a ways to go. > > Our pricing (see our web site), based on the formulas above: > Daily Pass=$20/day 5-day (5% off), 10-day (10% off), 15-day > (20%off) These are "open spaces" > Monthly daily membership at $225/month, with a 24/7 at $265/month > Semi-private (2 members per closed or private office) would be at > $365/month. > > And we rent our private meeting and conference room space at member > and non-member rates. > > Hope this helps... > > Jasper > > Jasper Welch & Nancy Wharton > DurangoSpace LLC > http://durangospace.com > > > > > On Jul 27, 10:26 am, Chad Ballantyne <c...@thecreativespace.ca> wrote: >> Hi All, >> >> We've been doing open space membership plans for a while and now we're moving to closed office options. >> Right now a full-time member for an open desk is $300/mth Works out to $6/sf But a closed office adds more value and how best to figure that out. Does anyone have a formula to calculate? Another factor is multiple staff. We know what we need to pay for the space, but wondered if there's a formula out there to add our specific costs (lease, expenses, management, etc) and therefor communicate cleary to potential members the difference between open space and closed office. Thanks! >> >> Chad Ballantyne >> The Creative Space Director >> >> (705) 252-2423www.thecreativespace.ca > > -- > You received this message because you are subscribed to the Google Groups "Coworking" group. > To post to this group, send email to coworking@googlegroups.com. > To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com. > For more options, visit this group at http://groups.google.com/group/coworking?hl=en. > > -- /ah indyhall.org coworking in philadelphia -- You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to coworking@googlegroups.com. To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com. For more options, visit this group at http://groups.google.com/group/coworking?hl=en.
