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When Deskmag presented the results of its second annual coworking survey at the Coworking Europe Conference in November, we brought you the initial findings, promising more details as they were released. Recently, Deskmag published further details.
What did the new data reveal? As Steve King of Emergent Research recently told WebWorkerDaily, coworking, it appears, is exiting its infancy and moving into a more business-savvy second phase with fresh faces outside the original, typical community-minded founders taking an interest in collaborative work spaces. And coworking space owners have apparently gotten the memo about their movement’s exploding popularity, telling the pollsters in large numbers that they hope to capitalize on growing interest in the movement and expand their businesses in 2012.
More than one in three owners (36 percent) surveyed said they hope to open an additional location this year. But not all owners are aiming to be moguls of coworking with a chain of spaces to their credit. A further 10 percent are simply hoping to expand their existing space in 2012. Just over a quarter (27 percent) have no plans to expand at all.
Earlier findings from this same survey indicate only a modest 40 percent of coworking spaces were profitable last year. ‘Wouldn’t owners of spaces in the red shy away from further investment?’ you might ask. The survey results suggest that’s not the case. “Of the spaces that want to open a new location, only 44 percent are presently profitable, while the majority of the expansion-planners are either making a loss or breaking even,” reports Deskmag.
For more information on how expansion plans relate to the number of months a space has been in operation and other details such as owners’ predictions for membership numbers in the coming year, check out the full write-up from Deskmag.
Are owners of often unprofitable spaces looking to expand prematurely?
Image courtesy of Flickr user britain.