I work primarily as a "location" shooter for corporate and industrial clients with business all over the world. This work requires me to travel quite a bit and therefore, my need for studio space to shoot in is seldom.
Like so many other photographers, I work out of my home.  I once had a studio earlier in my career for about 6 years in cool area of Denver.  Over the 6 years I occupied that space, I shot perhaps 15 or 20 times. Do to the nature of my business it just didn't make sense having a studio.
My studio is located in my basement, Debbie calls it the black hole.  I occupy the entire basement, office and shooting space.  The shooting space small, for sure, when I need a larger space to shoot in, I rent a studio in town. 
The ceiling height in my shooting space is 8 feet, I sure wish it where higher!  There are times when I need overhead lighting for a shot and there isn't enough space above to put a softbox or some other modifier.  My solution for the low ceiling is to simply bounce a strobe into a white board which becomes my light source.
 From the photo above you can see the the size of my shooting space.  I have a piece of styrofoam clamped to the floor joists overhead.  I simply bounce a strobe into it in order to produce soft overhead lighting.  I'm using a set of "Barn Doors"  or some other type of gobo on the strobe in order to contain the light and preventing any unwanted spill or flare.
From the photo above you can see the the size of my shooting space.  I have a piece of styrofoam clamped to the floor joists overhead.  I simply bounce a strobe into it in order to produce soft overhead lighting.  I'm using a set of "Barn Doors"  or some other type of gobo on the strobe in order to contain the light and preventing any unwanted spill or flare. Here are a few more view of the crib, my wife calls it the black hole.  When I go downstairs to work, I'm there for the day.  Working all the time, even harder than ever with today E.
Here are a few more view of the crib, my wife calls it the black hole.  When I go downstairs to work, I'm there for the day.  Working all the time, even harder than ever with today E.
 
          