Coworking Space Prices
As the trend of coworking grows, more and more startups and businesses are interested in moving in to coworking spaces. There are a number of great benefits that coworking spaces bring: flexible membership, lower price than traditional office, a supportive community, a hard-working vibe, to name just a few. If your company is curious about coworking spaces, you might wonder how the price options look like. We have done some research for you for major US, European and Australian cities regarding the coworking prices. Read the list below and find out what suits your budget the best!
New York City - WeWork
WeWork is one of the largest coworking space chains, and their presence in NYC is very strong. Out of the 52 spaces in NYC, the prices vary depending mainly on the location. For example, the Hot Desk option is $300/month for a space in Brooklyn, but on Fifth Avenue it charges $450/month.
The Dedicated Desk option at Dumbo Heights in Brooklyn totals $450/month, while at the Empire State Coworking Space it costs $650/month, on Lexington Avenue it increases to $700/month.
On average however, dedicated desk option costs $636/month, and hot desk option costs $453/month. Choose your coworking space while taking the location into account is essential in a city like NYC.
In Seattle, WeWork offers Hot Desk option that averages $338/month, the price difference is not significant at all: the highest being $360 while the lowest $300.
Other coworking space providers we researched include officenomads, Industrious, Impact Hub, etc. We took their price offerings and calculated the average: $368/month. You can see that the coworking prices in Seattle is quite flat and no steep differences exist. Also it is obvious that WeWork’s average price is slightly lower than the city’s average price, that is also something you can consider when you make your decision.
Out of the top coworking spaces in Seattle, the price varies. For instance, Level Office offers dedicated desk at 199/month, Industrious on the other hand charges 450/month. The difference lies in the amenities: for the pricier coworking spaces, extra features such as on-site security, free garage parking, and even designated ethernet are provided. If you are looking for a lower price, you might want to consider a coworking space with the bare essential functions!
LA is another hot city for coworking and startups. The average price of Hot Desk option offered by WeWork is $392/month. The most expensive space is located right at Hollywood with monthly price of $450/month, while the cheapest price is $350/month for several spaces. If you want to choose WeWork and not ready to pay for the highest price, you can opt for the other ones than the space located at the heart of Hollywood.
Other choices apart from WeWork include Industrious, Hub, BlankSpaces etc. The average is $295/month.
The coworking spaces have a great variety when it comes to price choices: BlankSpaces offers table option for $200/month, while CTRL Collective charges $345/month for a desk.
The price discrepancies are mainly due to the difference in access time and amenities: the higher priced space includes 24/7 access, while the cheaper one only offers office hours access. Location also plays a role: Industrious spaces is located right at downtown LA hence the high price of $378/month, Rita House is less central and charges $250/month.
Europe - Amsterdam
WeWork has 3 spaces in Amsterdam, Hot Desk option averages €180/month and Dedicated Desk option has price range of €330-€380/month.
Other spaces we looked into include BounceSpace, The Thinking Hut, Spaces Works, etc. The average price for a hot desk is €232/month. Main difference is the amenities such as personal consultancy time, community lunches, 24/7 access etc. You can see that for hot desk, WeWork has a lower than average price, that is something to be taken into consideration if price is important for your company!
Australia - Sydney
WeWork has 5 spaces in Sydney. Hot Desk option averages A$550/month. Dedicated Desk average is A$797/month. For other space options, we included yourdesk, Commune, fishburners, etc. Dedicated Desk average is A$607/month.
In this case WeWork seems to have higher average price than other coworking spaces, it might have be the WeWork space is at a prime location: right at the corner of CBD. the difference in prices have to do with the amenities as well: whether it is 24/7 address, permanent mail address, showers and lockers, etc.
As you can see from our initial research on coworking space prices in the major cities, WeWork has a strong presence in many of them, and it is usually setting the lower end of the price scale compared to other coworking space providers. Things that make the prices differ include locations, amenities, access times among other facility differences.
If you are looking for an ideal coworking space in cities that are not listed here, you can check out our website to find out more coworking spaces all over US and around the globe!