How Much Does Coworking Cost?

A lot of questions often arise in the coworking market about how much a business can expect to spend on using shared office space. The answer to this question is “it depends”. On average, research indicates that shared space can run the average small business about $250 per month. This usually includes the use of wireless internet, office furniture, such as desks and chairs, as well as meeting room time. This fee is only calculated for an office that is using a shared space for the entire month, at an approximate rate of 20-30 hours per week. This fee usually includes a permanent desk for you to use that you can leave your work at.

There are also more flexible options that run a fraction of t hat price. These options vary greatly depending on the market that you’re in. In most cases, you are just renting the space for that specific day, and will be asked to remove your paperwork each day so that other people can use the space.

Some coworking spaces also offer evening plans which can cost even less, and if you make agreements to use the space for a leased amount of time (3 to 12 months), you can get an even lower rate for your business.

Furthermore, it has been concluded that sharing office space can help when it comes to billing for things like electricity, water bills and liability insurance.

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Please visit our Richmond coworking space page to learn about our offerings.