Most coworking spaces start out leaning on one or two proven revenue sources, usually standard monthly memberships. The operators who grow more profitable branch out and build several income streams that don’t all depend on filling desks.
Coworking revenue is the total income a flexible workspace earns from memberships, private offices, meeting and event space, add-on services, and partnerships. The strongest operators spread that income across all of those instead of relying on desk fees alone. Membership fees typically make up around 70% of a coworking operator’s revenue, with the rest coming from private offices, meeting rooms, events, and services.
That diversification matters more than ever. The global coworking market is expected to grow from about $26.2 billion in 2025 to roughly $30.12 billion in 2026, a 15% jump, with corporate demand and hybrid work driving most of it. More operators competing for the same members means the ones who add value beyond a desk keep more of them.
Below are the strategies that work, and how to apply them to grow your space’s revenue and add value for your members.
Start with the classic: membership plans. These can help you accelerate your sales pipeline.
The first and most important rule with memberships is to build plans that suit both your business model and the type of clientele you want to attract.
From there, you have plenty of options for diversifying your plans:
Quick note: If you’re struggling to get people through the doors, try offering a cheaper (or even free) 5-day trial period. This lowers the barrier to entry and gets more people in your space, which can eventually lead to more memberships.
The revenue generated from your space is ultimately finite, since beyond a certain point you can’t accommodate more people. Renting out space and equipment isn’t the only way to make money as a coworking business.
Useful services are a good way to diversify your revenue while giving members more reasons to stay. If you have the room, consider offering:
You can list, sell, and manage many of these services within OfficeRnD Flex.
Extra services can also diversify your membership plans. For example, printing may be free for all members, while secure lockers are free for larger customers but sold as add-ons to smaller ones.
If your space is still small, you likely can’t implement all of these at once. That doesn’t mean you can’t meet your members’ needs. You can, by forming partnerships with service providers.
Want to really grow your coworking space revenue? Watch this expert-led video on how to do it with the power of SEO.
In our article on pre-selling your coworking space, we covered the value of mutually beneficial relationships with local businesses. Offering useful services to your members is one area where these relationships pay off.
Say you want to give members access to a gym, but your space isn’t big enough. Partner with a local gym and refer your members to it. The gym can provide a discount or kick back a share of the revenue your members generate.
Plenty of other businesses can be useful to your members:
You can go beyond physical services and look for digital providers that offer discounts. Most tech businesses use a cloud provider like Amazon Web Services (AWS) or Microsoft Azure, and these companies run programs to attract startups, so you can negotiate free credits for your members.
Again, OfficeRnD Flex Marketplace lets you build a digital marketplace and add various products and services to it, so members can view and purchase them through the member portal.
By design, meeting and conference rooms take up a lot of space, so it pays to use them well and get the most revenue out of them.
One approach is to rent conference rooms out on a pay-as-you-go basis to businesses that just need them for an hour or two.
Many coworking spaces include meeting room credits in their membership plans. You can still charge members beyond a set point, based on their usage and needs.
Say you offer a plan with a private office and 4 hours of meeting room usage per day. When customers on that plan go past 4 hours, you charge them on a pay-as-you-go basis, maybe at a discounted rate for loyal members.
For more on this, check out our eBook on measuring and improving meeting room performance.
You can do all of this with the right coworking software.
Hosting and managing events can be a big revenue stream for coworking spaces.
For example, iQ Offices, one of the largest independent Canadian-owned coworking operators, has an “Event Venues” product for companies looking for a place to host parties and other social events.
You don’t have to be a giant operator with hundreds of locations to host events.
COhatch runs a “COhatch Concierge” service for businesses looking to host meetings and events. They provide the space and help with planning, catering, transportation, equipment, and other details so everything runs smoothly.
There are different ways to generate revenue from events. You can provide the space only, or add organizational services that make things easier for clients. Either way, events can be a big alternative to traditional membership income.
Revenue growth isn’t only about new products. It’s also about closing the leads you already get. A large share of inbound inquiries go cold before anyone replies, usually because they arrive after hours or when your team is busy running the space.
OfficeRnD Flex includes AI Hub, an AI automation layer built into the platform. Its first agent, the AI Sales Agent, responds to inbound inquiries from web forms and shared inboxes within seconds, answers questions about pricing, availability, and amenities, shares brochures and booking links, qualifies leads, and routes ready-to-talk prospects to your team with context in hand. It works 24 hours a day, including weekends, across private offices, dedicated desks, hot desks, day passes, meeting rooms, virtual offices, and event spaces.
For operators managing high inbound volume or multiple locations, faster response times turn more of your existing traffic into booked revenue without a larger sales team.
Coworking spaces make money mainly from memberships (hot desks, dedicated desks, and private offices), then from meeting and event space, virtual offices, add-on services like printing and lockers, and partnerships with local and digital service providers. Memberships typically account for around 70% of revenue, with the remaining share coming from those other streams.
Private offices usually earn the most. For the average operator, private office suites generate roughly 60% of total revenue while using less than half the floor space, which is why demand for private offices and focus pods has been outpacing open-plan seating.
Sell what you already have more effectively. Rent meeting rooms on a pay-as-you-go basis, add virtual memberships, host events, offer add-on services, and partner with local businesses for perks you can’t provide in-house. Responding to leads faster also converts more of your existing inquiries into paying members.
Most spaces take a couple of years. Reported figures suggest a majority of coworking spaces become profitable after about two years of operation, with mature locations running profit margins in the 15% to 25% range.
OfficeRnD Flex helps thousands of coworking and flex operators build strong communities and keep their spaces running smoothly.
The platform can help you:
Book a live demo using this form and our team will show you how OfficeRnD Flex can help your space grow.