Coworking Spaces // Here’s How Much Membership Will Cost You

In this piece we are all about money. We explore just how much coworking membership cost is in some leading coworking spaces globally

Coworking spaces globally aren’t just taking over the real estate market. They’re transforming the way we work, and that transformation comes at a (literal) cost.

Since 2009, the coworking and flexible real estate sector has grown almost 26 percent per year, on average. According to Coworking Insights, the number of coworking spaces worldwide is projected to reach nearly 25,000 by the end of this year and surpass 40,000 by 2024.

While the industry grew at a slower rate as a result of COVID-19  in virtually every region of the world, the growth rate of the industry is now expected to develop rapidly from 2022 onwards.

This expectation is largely a result of new demand from enterprise clients continuing to take hold and coworking networks continuing to expand into new hub-and-spoke locations.

Furthermore, it is estimated that almost 5 million people will be working from coworking spaces in 2024, an increase of 158% compared to 2020.

Based on listings on Coworker.com, the United States remains the largest market for flexible workspaces with over 3,818 coworking spaces across the country, followed by India with 1,789 spaces and the United Kingdom with 1,097 spaces. Africa also has a total of 937 coworking spaces

Large corporates like Amazon, AirBnB, and Google utilized coworking spaces last year for meetings and events, while small businesses and startups have contributed to the largest growth of the sector. Many coworking spaces have converted common space into additional small offices to support this growth.

As we resume to business travels as more and more travel bans get lifted, today we share with you a number of coworking spaces globally and just incase you find yourself in these cities and need to quickly touch base with a client or work away from your hotel, this is how much you might have to part with: We will also focus on the number of locations and some of the cool clients you might bump into:

Nairobi Garage

Nairobi Garage operates 4 locations in Nairobi Kenya and boosts the status of the largest and coolest coworking space in Africa (trust us there are so many reasons why we are cool).

Nairobi Garage has been a home to some of the great companies in Kenya including, Twiga Foods, Branch, Tala, Mdundo, Swvl, Glovo and more innovative companies. With locations in Karen, Kilimani, Spring Valley and Westlands, the company offers a wide range of value ads to the community including bottomless tea, onsite cafe and endless networking events. If you find your self in Nairobi then this why Nairobi Garage is an ideal stop.

The company also offers a number of friendly packages for its members that allow you to access the space and work despite the level of business that you are in.

The base-level of community membership ranges in price from $250 to $300 and if you need a space to work for just a day, well you can pay as little as $20

Convene

Convene operates 32 U.S. locations in six cities, and according to the company, its clients include  IBM and JUST Capital. 

One differentiator: The company offers an executive chef-designed “farm-to-desk” menu for members. The base-level coworking membership cost— in-person access every day for one person — ranges in price from $250 to $500 per month, depending on location.

Workstation Nigeria

Workstation is one of the finest co-working spaces in Lagos Nigeria. Workstation brings productive people together through shared workspaces, special events, social spaces, and our digital member network.

Workstation’s mission is to drive innovation throughout Africa by providing entrepreneurs, creatives, start-ups and small businesses with dynamic, curated work-spaces designed to cultivate creativity, increase productivity and encourage community building

The base-level coworking membership cost  for a fixed desk is about $175 per month.

Regus

Regus has 3,000 flexible workspaces worldwide in 120 countries to its name, many of which are franchises.

Its parent company is International Workspace Group (IWG), and clients have included Uber, Amazon, LinkedIn and Adobe, according to the company. The base-level coworking membership cost is about $267 per month.

WeWork

This past year, headlines swirled around coworking giant WeWork  a steep plunge in valuation, close to $2 billion in 2019 losses, a controversial co-founder and CEO, thousands of layoffs. But the brand continues to operate 845 flexible workspaces worldwide (either open now or reportedly coming soon). The base-level coworking membership cost for in-person access every day for one person ranges in price from about $300 to $600 per month, depending on location.

Ventures Park – Abuja

Ventures Park, founded in June 2016 and it has been dubbed the most interesting co-working space in Nigeria. Its unique and beautiful architecture is built mainly from shipping containers.

The hub offers spaces for incubation, events, residency, and co-working for tech-enthusiasts, freelancers, and start-up entrepreneurs. It has a unique structure which was set up with repurposed containers and you can easily become a member as the The base-level community membership cost for a dedicated desk goes for about $208.59 per month, depending on location.

Workshop 17 in Cape Town

Workshop 17 Watershed offers an incubator called Ideas Lounge for brainstorming new ideas together or just holding more unofficial meetings, with small meeting tables and writable walls.

There are also private offices and office suites with dedicated work areas in a shared space for startups or small teams looking for privacy. They all feature lock-up-and-go facilities, cleaning services, and access to the amenities. Currently, more than 470 entrepreneurs and 100 companies work there.

Besides Watershed on the Waterfront, Workshop 17 has three other locations all around Cape Town and another three locations in Johannesburg.

The base-level coworking membership cost ranges for for full membership goes for about $247 per month

Venture X

Founded in Florida in 2012, Venture X has 28 U.S. locations, plus two in Canada and one each in Dubai and London.

The coworking company prides itself on memberships across a wide array of industries rather than solely focusing on tech.

The base-level coworking membership cost ranges in price from $40 to $195 per month, depending on location.