How profitable are coworking spaces?

44% of working spaces in America are profitable, while 28% break even and another 28% lose money, as of 2019. However, a big reason why fewer than half of coworking spaces are profitable is because of the relative newness of coworking spaces altogether. A global survey found that 72% of coworking spaces become profitable after operating for two years.

As for how profitable coworking spaces are, a 2016 survey on the U.S. found that the average annual revenue of a coworking building is $505,200. Most coworking spaces earn the lion's share of their profits on (you guessed it) desk rentals.