Coworking Space monthly financial report
A coworking report should start with occupancy by product. Revenue and profit follow it, and the lease stays put.
The six numbers for a coworking space
| Number | How to work it out | What it warns you about |
|---|---|---|
| Occupancy by desk and office | Occupied ÷ available, by product | Revenue follows occupancy |
| Revenue per square foot | Revenue ÷ leased square feet | Space priced below its cost |
| Month-to-month, share of revenue | Month-to-month billing ÷ revenue | Revenue that can leave in thirty days |
| Member deposits held | Deposits on the balance sheet | Cash owed back on move-out |
| Lease, share of revenue | Rent and common charges ÷ revenue | The fixed load occupancy has to carry |
| Weeks of costs in the bank | Cash ÷ weekly costs | Room for a wave of move-outs |
Use these six in place of the general ones on the template's Report tab.
What to watch in a coworking space
- Offices coming off term in the same month
- Month-to-month members as a share of revenue
- Deposits owed back to departing members
Not sure how much cash you should hold? Use the coworking space cash calculator.
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