Bad experience: Joined a space in March, it closed before the end of May. Found out it was at severe risk of closing a week into my membership, without ever being told about it as I was checking the space out. They had a 30-day termination notice clause in membership contract, which had to match up to the billing cycle. So I was locked into that second month even though I knew the time there was, more or less, wasted.
In my case, I was looking for a space with people I could interact with and get to know and be comfortable and happy around ('coworkers', natch). The looming death of the space totally killed any potential for that to happen. That's why I consider the time/money a waste.
Lesson: ask how "healthy" the space is when you're "interviewing" the space.
Same experience here. Bought a year-long membership at a steep discount in March, shuttered without warning a couple of weeks ago. A mismanaged startup led to many people without a workspace: http://observer.com/2013/10/brooklyns-creative-community-3rd...
In my case, I was looking for a space with people I could interact with and get to know and be comfortable and happy around ('coworkers', natch). The looming death of the space totally killed any potential for that to happen. That's why I consider the time/money a waste.
Lesson: ask how "healthy" the space is when you're "interviewing" the space.