At the moment I'm lucky, as I have spare room as my crafting space and even with a double bed and wardroom, I still have a really good space.
The photo below shows the main desk that I craft on, to my left is files with all my 12 x 12 papers and then 3 magazine files with all my scrap card in files by colour. I also have a little draw unit with ribbons and next to that a box with chiffon ribbon and prima flowers. Then I have all my tools and glues and then my little tag-a-long. On the shelves above I have my favourite stamps and also little jars with small prima flowers. Above this I have my cricut cartridges and pink petticoat CDS and the shelf above has all my sizzix dies. Underneath the desk and hidden on the left I have a 4 draw unit with embellishments and paperpacks and under the desk to the right holds all my stickles, brads, jewels, eyelets, wire and beads.
This shows my new white filing cupboards from ikea and I have worked out that I can just fit a third one in. One holds all my white, cream and coloured card and paper and the other has 2 draws with more ribbon and the bottom 4 have all my unmounted stamps and stamping products. I also have my lovely new Cricut Expression and guillotine.
The cupboard holds all my envelope and card packs that I have bought and also more stamps that I don't tend to use that much or Christmas ones. It also holds a box with extra glues and foam pads, a light box and heat gun ( which never gets used but I might need them one day). This also holds more boxes of buttons, beads and papermania tags and also a box with anythnig Chrismassy. On top I have my big shot and the red box holds all my quickutz dies and extended dies. The silver boxes hold all my thin cuts/sizzlets, cuttlebug embossing folders and necessities and next to then is my alphabets.