14 terms, defined plainly and without jargon standing in for other jargon.
Anchor memberA larger member taking a private office, whose rent underwrites much of the open floor.
ChurnThe rate at which members leave, usually monthly.
Day passAccess for a single day, generally without commitment.
Dedicated deskA monthly membership with one desk reserved for you, usually with lockable storage.
Fit-outThe cost of making a bare leased space usable - walls, flooring, wiring, furniture.
Flex spaceUmbrella term for coworking, serviced offices and any short-commitment workspace.
Hot deskA monthly membership with no fixed seat - you use whichever desk is free that day.
Mail handlingReceiving, storing and sometimes forwarding post on a member's behalf.
Meeting creditsAn allowance of meeting-room hours included in a membership, usually monthly and usually not carried over.
Notice periodHow far in advance you must cancel, commonly 30 days for monthly memberships.
OccupancyThe share of available desks or offices currently sold.
Phone boothA small enclosed space for calls, standard in modern coworking and usually the first thing to run out.
Registered agentA person or company designated to receive legal documents for a business; a distinct service from mail handling.
Virtual officeA business address and mail handling without a workspace; sometimes includes meeting-room hours.