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Summary:

CubeSpace, a coworking space and community based in Portland, Ore., that we’ve featured previously (see Dawn’s interview with co-owner Eva Schweber) has announced that it is to shut its doors this Friday, June 12, following negotiations with US Bank, its landlord. It is a great shame […]

CubeSpace, a coworking space and community based in Portland, Ore., that we’ve featured previously (see Dawn’s interview with co-owner Eva Schweber) has announced that it is to shut its doors this Friday, June 12, following negotiations with US Bank, its landlord.

It is a great shame to see an established and well-liked coworking community being forced to close. As Imran noted in his post “Can Coworking Spaces Be Profitable?“, coworking spaces often run on paper-thin margins, sometimes only just breaking even, or relying on being subsidized by a sponsor. Despite increasing demand for coworking space, the tough economic climate means that many of these communities will need to discover innovative ways to generate revenue in order to survive.

By Simon Mackie

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