[oh_sigh]

That doesn't sound too bad if your employee payroll is going to be >= $1M/yr.

To put it another way, I'd rather have a dedicated space for 10 employees than have 10.5 or 11 employees all working from their bedrooms and starbucks.

[village-idiot]

You gotta compare it to the cost of a traditional commercial real estate lease, that’s what makes it a good or bad deal.

(I don’t actually know what a comparative traditional lease would cost).

[rickyc091]

At least in NYC, it's comparable, but there are a lot of other factors like location and time that goes into it as well.

As a founder, do you want to spend your time negotiating contracts, handling the admin stuff like setting up the internet, electricity, build out if necessary?

To compare the original WeWork location I posted, a 1,000- 1,5000 square feet place would be around $15,000/mo in an older building. But that space would be a lot larger than what WeWork is offering, without any ammenities. At the same time, you can move it to a less convenient location and cut some costs.

It really depends on what the company's needs are at the time and how much they want/need to invest in their own office at the moment. WeWork has month to month contracts for smaller desk spaces so you can adjust as needed. They also offer to build you out offices to customize to your needs.

Many larger companies typically have remote offices at WeWork. For example, at a WeWork we were working at, there was a Blizzard and GitHub office.

[jillesvangurp]

You also have to consider that signing an office lease is a long term commitment and can be a lot of hassle. WeWork is probably worth the price for young companies that just want to focus on getting more important things done than renovating and decorating an office that may end up being too small (or too big) after a few months.

I'm working out of the Factory in Berlin for about 100 euro a month. Very nice space facilities, nice people, etc. and it matches my "I might drop in a couple of times a week" type usage. There are loads of co-working spaces here.

I've been in one of the local WeWorks as well (apparently they have 9 offices now in Berlin) and in my experience the space is alright but a bit less so than the Factory. But it did suit the project I was on at the time perfectly and we were there for a few months before we outgrew the space. I'd say it's perfect for seed funded companies or well funded corporate projects. It makes less sense for indivduals looking for a desk as they tend to be comparatively expensive to competitors or coffeeshops. I suspect their corporate revenue is a bit more lucrative.