With more professionals today working as collaborators or freelancers, NY has become the co-working capital of the world. Companies such as New Work City, Green Spaces, or Bitmap Creative Labs are making “rent-a-desk” locations a profitable business. According to Crains New York, these businesses provide a place to work and the opportunity to share ideas, expertise or gossip with fellow freelancers and startups.
Currently the bulk of revenue for most co-working sites come from membership fees, usually tiered and allowing different levels of access. This could mean the number of days or desks available to an individual or company, or desk-free memberships that allow people to participate in workshops or other community activities. Additional profits come from hosting frequent events for members and nonmembers, film screenings, discussions, or classes.