The Yard

What The Yard does

The Yard is a private flexible workspace provider founded in 2011 in Brooklyn, New York, operating 10+ coworking and private office locations across four major US metropolitan areas: New York City (eight neighborhoods including Greenpoint, Williamsburg, Gowanus, Lower East Side, Flatiron, Herald Square, Lincoln Square, and Columbus Circle), Chicago (Fulton Market), Philadelphia (Center City), and Washington D.C. (Eastern Market). Its core product suite comprises Private Office Memberships, Coworking Memberships ($300/month), Dedicated Desk Memberships, and Virtual Office Memberships ($75-$125/month), with on-demand add-ons including Day Passes ($29-$35/day), Day Offices ($75/day), and Meeting Rooms ($64-$80/hour). The Yard Signature: Fulton Market is a premium sub-brand in Chicago offering podcast studios, wellness programming, and rooftop access. Enterprise Coworking Space targets corporate teams of 24+ with customized floors, branded entrances, and multi-city satellite coverage.

The Yard's underlying technology is a coworking workspace management platform that integrates booking, 24/7 secure keycard or mobile-app access, and tech-enabled meeting rooms; day-pass and meeting-room bookings are processed through a flexspace.ai integration. Revenue is overwhelmingly subscription-recurring — monthly memberships for desks, offices, and virtual addresses — complemented by one-time event-venue rentals and pay-as-you-go usage fees. The go-to-market combines community-led growth (member events, programming, partner perks with Lyft, Fresh Direct, F45, Wonder, and others), direct-to-consumer self-serve booking via theyard.com, and a sales-led enterprise motion for corporate accounts.

Founded and led by Morris Levy (Co-founder and CEO) and Richard Beyda (Co-Founder and Head of Real Estate), the company is privately held with no institutional funding or M&A activity disclosed in available source material. Customers are predominantly SMBs, startups, remote and hybrid workers, and small teams (2-20 people), with case studies documenting tenant growth within The Yard (e.g., Quarter Horse PR expanding from 2 desks to 11 desks; Adaptive Capacity Labs from 2 desks to 6 desks). The Yard differentiates on prime urban locations, distinctive architectural design, community programming, and flexible month-to-month terms without traditional lease commitments.

Name

The Yard

Legal name

The Yard

Website

https://theyard.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

The Yard is a private, founder-led coworking and flexible office operator founded in 2011 in Brooklyn, NY, running 10+ locations across NYC, Chicago, Philadelphia, and Washington D.C., serving startups, SMBs, remote workers, and small teams with subscription memberships and on-demand workspace.

Ownership category

akta.pro rank

Product category

Coworking & Flexible Workspaces

NAICS

Facilities Support Services (561210), Facilities Support Services (56121)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

Hybrid Work Enablement & Desk/Room Booking Operations (BPABAFAH)

akta.pro secondary industries

Space & Occupancy Services (Move/Add/Change, Seating, Wayfinding) (IMAIALAF), Office Services & Supplies Management (Stationery, Inventory, Vendor Coordination) (IMAIALAH)

Keywords

• Flexible coworking spaces
• Private office rentals
• Dedicated desk memberships
• Virtual office services
• Enterprise workspace solutions

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain, Technology or R&D

Revenue model

1. Coworking Memberships: Monthly subscription memberships providing access to shared workspaces, coworking lounges, and community amenities with 24/7 access.
2. Private Office Rentals: Flexible private office memberships with 24/7 access, furniture, and all-inclusive amenities for teams and solopreneurs.
3. Dedicated Desk Rentals: Monthly dedicated desk memberships providing a personal workstation within shared office space with consistent spot and full-time access.
4. Day Passes & Multi-Day Passes: Single-day and multi-day access passes for flexible, on-demand workspace usage.
5. Day Offices: Private, quiet office rental by the day on demand, perfect for remote workers, hybrid teams, interviews, and meetings.
6. Meeting Room Rentals: Hourly rental of tech-enabled conference and meeting rooms for teams, client calls, and hybrid meetings.
7. Virtual Office Memberships: Premium business address packages with mail handling, conference room credits, and complementary day passes for remote teams and entrepreneurs.
8. Event Venue Rentals: Event space rentals for member and external events, leveraging unique location aesthetics from corner lounges to scenic rooftops.
9. Enterprise Coworking Solutions: Customized corporate coworking packages for enterprise teams including single floors, exclusive penthouse workspaces, branding opportunities, and storage solutions.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

The Yard provides flexible coworking and private office workspace memberships across 10+ locations in NYC, Chicago, Philadelphia, and Washington D.C. The core portfolio includes monthly Coworking Memberships (from $300/month), Private Office Memberships, Dedicated Desk Memberships, and Virtual Office Memberships ($75-$125/month), supplemented by on-demand Day Passes ($29-$35/day), Day Offices ($75/day), and hourly Meeting Room Rentals ($64-$80/hour). The company also delivers customized Enterprise Coworking Solutions for teams of 24+ employees, including dedicated floors, executive offices, branding opportunities, and storage.

Product overview

The Yard is a flexible workspace platform offering a unified portfolio of coworking and private office solutions across NYC, DC, Chicago, and Philadelphia. The core offering consists of Private Office Memberships, Coworking Memberships, Dedicated Desk Memberships, and Virtual Office Memberships, all supported by on-demand add-ons including Day Passes, Day Offices, and Meeting Room rentals. The company also provides Enterprise Coworking Space solutions for larger teams. All memberships include 24/7 access, high-speed WiFi, ergonomic furniture, printing, and on-site community management, with locations ranging from Brooklyn neighborhoods to Manhattan business districts, Chicago's Fulton Market, DC's Capitol Hill, and Philadelphia's Center City.

Differentiator

Problem solved

Functional benefit

Brands

• The Yard Signature: Fulton Market: Premium all-inclusive coworking and private office concept in Chicago's West Loop, featuring upscale amenities including podcast studio, wellness programming, yoga sessions, and rooftop access.

Products and services

• Private Office Membership Fully furnished, lockable private office with 24/7 access, flexible terms, and shared workspace amenities including meeting rooms, lounges, printing, and on-site community support. Designed for startups, teams, and solopreneurs who need privacy and flexibility.
• Coworking Membership Flexible shared workspace membership providing 24/7 access to coworking lounges with fast Wi-Fi, networking events, and modern design. Includes access to day passes and monthly plans starting at $300/month across NYC, DC, Chicago, and Philadelphia locations.
• Dedicated Desk Membership Assigned personal workstation within shared office space, offering a consistent spot, full-time access, and secure storage. Ideal for hybrid teams and freelancers. Priced uniquely per location.
• Virtual Office Membership Professional business address with mail handling, conference room credits, and access to coworking spaces. Green plan at $75/month includes 4 conference room credits and 2 day passes; Silver plan at $125/month adds mail forwarding and doubled credits. Designed for remote teams and entrepreneurs needing a premium business identity.
• Day Pass Single-day or multi-day access pass for individuals needing occasional workspace outside the home. Priced at $29-$35/day for single-day passes and $30/day for multi-day passes, varying by location.
• Day Office Private, quiet office space bookable by the day on demand. Ideal for remote workers, hybrid teams, interviews, and meetings. Priced at $75/day.
• Meeting Rooms Tech-enabled conference and meeting rooms available for teams, client calls, and hybrid meetings. Space for groups of 4-8, equipped with modern presentation and video conferencing technology. Rates start at $64-$80 per hour depending on room and location.
• Enterprise Coworking Space Customized corporate coworking solutions for teams of 24+ employees, including executive offices, dedicated entrances, single-floor or exclusive penthouse workspaces, storage solutions, and branding opportunities. Includes satellite enterprise offices in NYC, D.C., and Philadelphia for distributed workforce needs.
• Open Space Coworking Membership Affordable month-to-month coworking membership granting 24/7 access to stunning spaces with flexible location choices and community connection.

Quantifiable outcome

• Over 10 years in business as one of the most recognized flexible workspace brands in the U.S.
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered minor.

• Eleva CoffeeminorGTM or Marketing Partner · 1 September 2019Sustainably-sourced coffee partnership providing Eleva coffee to coworking members 24/7 at The Yard locations. Supports Eleva's mission of giving back to rural farming communities while providing members with premium coffee. Partnership includes introductory member breakfasts and custom perks for purchasing coffee at Eleva cafes and online.
• LyftminorGTM or Marketing PartnerMember perk partner offering $15 in credit for first-time users and 20% off one ride with code for The Yard members.
• Fresh DirectminorGTM or Marketing PartnerMember perk partner offering $50 off and FREE delivery for the year to members' home or office.
• F45 TrainingminorGTM or Marketing PartnerMember perk partner offering 50% off trial, 20% off pack, and $10 off drop-in sessions at F45 gyms.
• DIGminorGTM or Marketing PartnerMember perk partner offering free delivery with DIG Annex for The Yard members.
• WonderminorGTM or Marketing PartnerMember perk partner offering $5 OFF first 3 orders and free delivery for The Yard members.
• Moxy HotelsminorGTM or Marketing PartnerMember perk partner offering 15% off the preferred flexible rate at Moxy Hotels.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• WeWork: WeWork is the largest global coworking and flexible office operator with hundreds of locations across major US cities including NYC, DC, Chicago, and Philadelphia. Directly comparable product portfolio (coworking, private offices, enterprise solutions) and overlapping geographies make it the most direct competitive reference point for The Yard.
• IWG (Regus / Spaces / HQ): IWG operates the world's largest network of flexible workspaces under brands including Regus, Spaces, and HQ, with extensive presence in NYC, DC, Chicago, and Philadelphia. Targets both SMBs and enterprises with comparable products at varying price points, representing the largest incumbent The Yard competes against.

Direct peers

• Industrious: Industrious is a premium flexible workspace operator offering coworking, private offices, and enterprise suites in major US markets. Operates in NYC, Chicago, DC, and Philadelphia with comparable membership pricing and a similar focus on design-forward, hospitality-grade environments.
• Serendipity Labs: Serendipity Labs is a US-based premium coworking and private office operator with locations across the Northeast and Midwest, including NYC and Chicago. Targets similar SMB and enterprise customer segments with comparable subscription-based offerings.
• Convene: Convene operates premium meeting, event, and flexible office spaces primarily in NYC, DC, and Philadelphia. Overlaps with The Yard on enterprise meeting room rentals, virtual offices, and event venue offerings while competing for the same premium-segment customer base.
• Knotel: Knotel was a flexible workspace operator focused on enterprise-grade custom office solutions in NYC and other major cities before its 2021 bankruptcy and acquisition by Newmark. Represents a cautionary comparable for the enterprise coworking segment The Yard is targeting.
• HQ by Industrious: HQ (formerly known as HQO) was acquired by Industrious and offers flexible, all-inclusive workspace memberships across major US markets. Comparable subscription-based private office and coworking offerings targeting SMB and mid-market enterprise customers.

Regional players

• Workville: Workville operates coworking and flexible office spaces primarily in NYC, with comparable product offerings (private offices, coworking, meeting rooms). A smaller regional peer competing in the same NYC neighborhoods as The Yard.

Emerging players

• Mindspace: Mindspace is a flexible workspace operator with locations in the US including DC and other major cities. Targets similar SMB and enterprise customers with design-forward coworking environments, representing a comparable emerging peer in the same geographies.

Others

• Workfrom: Workfrom is a remote work discovery and booking platform rather than a workspace operator. Adjacent ecosystem participant that monetizes day-pass and meeting room bookings from operators like The Yard, useful as a distribution-channel comparable.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/workattheyard
• Instagraminstagram.com/theyard
• Xx.com/workattheyard

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Yard