Blog Is a Coworking Membership Worth It?

Is a Coworking Membership Worth It? A Proper Cost Breakdown

Professional office environment

The assumption that coworking is expensive is understandable. It's a service with a visible monthly cost, which makes it easy to compare unfavourably with working from home, which appears to be free. The problem with that comparison is that working from home is not free, and most people have never actually added up what it costs them.

The cost of working from home

Working from home has direct costs and indirect costs. The direct costs include higher energy bills, a proportion of your broadband, and wear on your home environment. These are real but relatively small.

The indirect costs are where the numbers get more significant. If your productivity at home is lower than in a dedicated workspace, and for most people it is, the lost output has a value. A self-employed person billing at £40 per hour who loses two productive hours per day to home-working distraction is losing £80 per day. Across 20 working days in a month, that's £1,600 in lost billable time. That's not a small number when set against a coworking membership that costs a fraction of it.

The cost of coffee shop working

Coffee shops feel free because the cost is spread across drinks you'd buy anyway. But the maths rarely supports that feeling. A realistic coffee shop day, two or three drinks and something to eat, costs between £12 and £20 per day. At five days a week, that's £60 to £100 per week, or £240 to £400 per month. A hot desk coworking membership in Worksop costs significantly less than that, and comes with proper broadband, printing, meeting rooms and reliable infrastructure included.

What a coworking membership actually costs in the UK

Coworking costs in the UK vary by location. London hot desk memberships run from £150 to £600 per month. Manchester, Leeds and other major cities tend to sit at £80 to £200. In regional towns and cities, the range drops further. A hot desk at Worksop Workspace is priced to be accessible to the local market, at a cost that makes financial sense relative to the alternatives.

The full membership pricing is available on the membership page. There are no hidden charges. Broadband, printing and shared facilities are included. Meeting room access is available to all members.

What you get for the money

A coworking membership is not just a desk. It's a professional address you can put on your business correspondence. It's reliable high-speed broadband that works every time. It's access to meeting rooms for client meetings. It's a community of other professionals working at the same level. It's the structure of going somewhere at the start of the working day and leaving at the end. And it's the absence of the energy drain that comes from trying to work in an environment that isn't designed for it.

The coworking cost UK conversation usually changes once people run the numbers. The visible monthly fee looks bigger than the hidden costs of the alternatives, right up until you actually compare them.

Running your own numbers

Take your current situation. How many hours per week do you actually spend in focused, productive work? How does that compare to what you're capable of in the right environment? What are you currently spending on coffee shop working, or losing in productivity? What does your time cost per hour, and what would two extra productive hours per day be worth to you over a month?

It's also worth noting that for the self-employed and limited company directors, workspace costs are a legitimate business expense. The HMRC guidance on self-employment expenses confirms this, meaning the after-tax cost of a coworking membership is typically lower than the headline monthly price. For most people who run those numbers honestly, the conclusion is the same. A coworking membership is not an overhead. It's an investment in the conditions that produce your best work.

The question is whether the specific space is good enough to deliver that. See what we've built at Worksop Workspace and decide for yourself.

Ready to run the numbers for yourself?

Worksop Workspace opens at 30 Carlton Road. Come and see the space, then decide. Get your name on the waiting list to be first through the door.