Speaking to the business model, in my midwestern city a few coworking spaces popped up only to go broke within a few years. The only one to last is funded by VC

Speaking to the business model, in my midwestern city a few coworking spaces popped up only to go broke within a few years. The only one to last is funded by VCs and mostly as their incubator. That VC one is thriving because the rents are heavily subsidized. If they ever rose prices, I doubt their membership would have any problems getting up and leaving as they don't have ties there by the nature of "coworking." It's the Uber/Lyft problem-- easy to switch between 2 competitors offering a commodity service. Good luck ever becoming more than marginally profitable. Heck, they're a real estate business, and they can't take advantage of deductions as effectively as LLCs or individuals can. As this realm matures, and they spend money and effort vetting markets, enterprising partnerships can swoop in offering localized services for cheaper.