As someone who has (often) thought about heading down this road - would you mind sharing why you closed? Was it a purely financial decision or just too much effort? Feel free to ignore if too personal, obviously.
edit: spelling
Perhaps a decent analogy is the difference between dining out and running a restaurant. Once the honeymoon is over you realize that you're running a business that has large capex and terrible margins. You also might be in a city (Seattle, SF, DC, etc) where you are competing with well-capitalized juggernauts like WeWork.
And despite your desire to create a community and engender loyalty, most coworking customers care about price, proximity, amenities and community in that order. I realized within 6 months that a small, boutique coworking space in Seattle wasn't creating sufficient added value to the community and was a poor use of real estate, money and my time.
Gotcha. Really appreciate the follow-up. Thanks.
1) As the owner of a coworking space, your primary function is to be a landlord. You will spend much more time than you like thinking about deposits, pricing, payments, turnover, etc.
2) Building a community is incredibly hard. Harder than most people realize.
[1] https://web.archive.org/web/20140406200827/http://devlocal.i...?