Some notes to those who are running #'s:
1. Tara's back-of-hand calc might not include parking, as SF is
typically pedestrian. Big difference in places like L.A. or any other
suburb.
2. In architecture, offices have a occupancy load factor of 1 person
per 100sf, so however Tara figured out that 100 number, that makes
perfect sense!
3. In architecture/zoning, parking typically accommodates 2 parking
spaces per 1000sf of rentable office space. I know, there's a
discrepancy with #2, because if, say, there is 5000 sf of office, and
therefore 50 desks, there is only 10 parking spaces. Forty people
would have to carpool, walk, or otherwise come in/out of the office.
4. Some people have determined that meeting/conference rooms are very
popular, which means the more of these will encroach into your desk
square footage. Ditto for # of private offices or other rooms.
5. And you'll see that the standard cubicle sizes that many of you
might have experienced in previous jobs will quickly prohibit Tara's
formula from working. This does definitely question if cubicles can
ever work in a coworking environment, or the formula needs to be
tweaked in these cases in which cubicles will be used.
Jerome
______________
BLANKSPACES
"work wide open"
www.blankspaces.com
5405 Wilshire Blvd (2 blocks west of La Brea)
Los Angeles, CA 90036
323.330.9505 (office)
On Jan 29, 2010, at 7:11 AM, Tara Hunt wrote:
I've posted this one before (so please forgive me for the
repetition). For desks per square feet and cost of space, I use the
following formula:
Break even model: (Cost of space x 1.5 = total cost of space) /
(number of square feet / 100 = number of desks) = Cost per desk
Profitable model: (Cost of space x 3 = cost of space and then
some) / (number of square feet / 100 = number of desks) = Cost per
desk
Tara
On Jan 29, 2010, at 7:48 AM, Jeorge Popp wrote:
Hi Max,
I am in the process of setting up the same type of space in a
building I own. How many people can be serviced at your space?
How much profit? How much overhead?
Is the answer as easy as # of heads divided by cost = per month fee
I am charging $250 for 180sf office I hope to gross $50,000 with 20
clients
Where is your space?
Good luck and keep us posted
sincerly,
On Fri, Jan 29, 2010 at 8:55 AM, MaxBuck <[email protected]>
wrote:
Hi, everyone.
I have a bit different approach, perhaps, to co-working than many
here; I'm looking at building space aimed primarily at professional
service providers (engineers, architects, attorneys, accountants,
etc.), and look to have a build-out that is more conducive to client
meetings appropriate to these profesionals. ("Nicer" space than
typical co-working locations.) In addition, there will be some value-
added components (high-speed printer and large-format plotter onsite;
AutoCAD seat available) that are uncommon in co-working facilities.
My question: can anyone share what gross income from members and users
needs to be as a multiplier of gross rent in order to make co-working
feasible from a business perspective? In other words, if my monthly
rent payment is $3,000, what should my target be in membership fees in
order to make the numbers work out to at least break-even?
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