Shared offices tend to be less successful if they are in rural areas. Many of your potential customers won't choose the venue if it takes a lot of time to reach. A vibrant city district, as opposed to a faraway place, that attracts young people of different professions will be a hit with freelancers and startups.

Getting the right amount of space for your needs Traditional workstations require 75 to 95 square feet per employee. Consider a 100-square-foot kitchenette with no seating and private offices and conference spaces of 120 to 150 square feet. Coworkers should have 100 to 250 square feet each, on average.

Small Spaces (up to 50 members): Often operate at a loss or break-even. Medium Spaces (50-150 members): Can expect profits in the 10-20% range. Large Spaces (150+ members): Often see profit margins of 20-30% or higher.

Coworking culture focuses heavily on creating an open atmosphere within their space, which in turn allows coworkers to develop trustworthy relationships with each other which also aids in further collaboration.