By PhotographybyMichaelangelo, 1652364952
So this is an attempt to pick a few brains really, as I'm considering renting out a small-ish space (either by myself, or perhaps sharing the use with a few other people) to turn into a studio that I can use for my own shoots/workshops, or hire out to other photographers to use for their work, or a bit of both as the need/want arises.
It's worth saying that I shoot weddings mainly by trade, so don't really have the need for a studio for my own work, though it may allow me to vary my service offering a little with a dedicated indoor space that I have full control over. So the main reason really is to hire the studio out to others, or put on workshops to cover and hopefully surpass the rent and other overheads and turn a bit of a profit.
What I'd like to know is, as I consider dipping my toe into having a commercial space, if you own or rent a studio space (either to conduct the entirety of your photographic work, or to supplement it in a similar way that I've described), is it a worthwhile investment, and have you been able to turn a profit, or at least break even?
I'm ideally looking at answers from those with a studio space in the southeast, as that's my location too, so will hopefully give me a better indication of the demand and costs/incomes. Obviously I don't want to know actual figures, though if you want to give ballpark numbers that would be great, but more a sense of whether your books are full for the next 6-12 months or not, and whether it has been worthwhile for you to have this space available to yourselves, or to hire out to others.
Thanks all!