Cafe One raises co-working prices citing rising costs
- Cafe One increased daily rates for non-cardholders by 37% to ₦7,930 effective January 1, 2025.
- Card members' fees rose from ₦3,870 to ₦5,870.
- The price adjustments were confirmed by General Manager Kelechi Nwaozuzu, who cited significant cost increases throughout 2024.
The price increase by Cafe One reflects the broader economic challenges in Nigeria, particularly the high inflation rate and rising operational costs. While the expansion of the membership program may help mitigate some of the impact on customers, the significant price hikes could deter remote workers and startups from utilizing co-working spaces, potentially stifling innovation and collaboration in the sector.
