New Work Offices

What New Work Offices does

New Work Offices is a privately-held flexible workspace provider founded in 2012 and headquartered in Budapest, Hungary. The company operates a multi-format workspace business offering serviced offices, coworking spaces, meeting rooms, and virtual offices, serving businesses and professionals seeking flexible office solutions in the Hungarian market. With 101-250 employees, New Work Offices maintains a mid-sized operational footprint typical of regional coworking and serviced office operators.

The company's revenue model is not explicitly disclosed in the available source material, but the product mix — combining long-term serviced offices, hourly/daily coworking, pay-per-use meeting rooms, and subscription-style virtual office services — is characteristic of workspace operators that monetize through recurring desk rentals, meeting room bookings, and mailbox/virtual address subscriptions. The bundled service offering allows the operator to capture multiple price points and tenant types within a single physical footprint, improving asset utilization. Distribution and marketing channel details, including digital presence beyond the corporate website (newworkoffices.com), are not available in the input data.

Over the 2019-2020 period, New Work Offices raised approximately $5.75M across three funding rounds, with no disclosed investors or lead investors. The executive team is led by CEO Hubert Abt and includes CFO Marcin Sojda, CDO Michael Smithing, and COO Peter Lohrum. The firm operates without disclosed technology partnerships, AI capabilities, certifications, or external customer references in the available data.

Name

New Work Offices

Website

https://newworkoffices.com

Company type

Private

Founded year

2012

Headcount range

101–250 employees

Short description

New Work Offices is a Budapest-based flexible workspace provider founded in 2012, offering serviced offices, coworking spaces, meeting rooms, and virtual offices to businesses and professionals in Hungary.

Ownership category

akta.pro rank

Product category

Flexible Workspace Services

NAICS

Office Administrative Services (561110)

SIC

Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

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

akta.pro secondary industry

Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison) (IMAIALAK)

Keywords

• Flexible workspace
• Serviced offices
• Coworking spaces
• Meeting rooms
• Virtual offices

Headquarters

HQ city

Budapest

HQ country

Hungary

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales

Core offering

New Work Offices is a flexible workspace provider offering serviced offices, coworking spaces, meeting rooms, and virtual offices. The company supplies physical office infrastructure and associated services to businesses, freelancers, and teams seeking flexible, short-term workspace arrangements in Budapest, Hungary.

Differentiator

Problem solved

Functional benefit

Products and services

• Serviced Offices
• Coworking Spaces Shared workspace environments offering desks and common-area access for freelancers, startups, and remote workers seeking flexible, collaborative office space in Budapest.
• Meeting Rooms On-demand bookable meeting rooms available for client meetings, team sessions, and presentations, supporting businesses that require professional meeting facilities without a permanent office.
• Virtual Offices Virtual office services providing businesses with a professional business address and associated administrative services, enabling clients to establish a presence in Budapest without occupying physical space.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves4 records

Expansion highlights2 records

Direct peers

• Workspace Group: UK-listed provider of flexible, design-led office space to small and growing businesses; directly comparable product (serviced offices, coworking, meeting rooms) and customer segments.
• WeWork: Global coworking and flexible office operator offering dedicated desks, offices, and meeting rooms; a directly comparable product set to New Work Offices, though now restructured and focused on profitable locations.
• Impact Hub: Global network of coworking spaces with presence across Europe including CEE. Comparable on coworking model and SME/community member base, though more mission-oriented.
• Industrious: Premium flexible workspace operator partnering with landlords to deliver enterprise-grade coworking and serviced offices. Comparable on offering breadth and target customer segments (enterprise and SMB).
• The Office Group (TOG): UK-based flexible workspace operator offering serviced offices, coworking, and meeting rooms with a design-led, member-experience focus; directly comparable product mix and target customer segments.
• Knotel (Newmark): Flexible office provider (now part of Newmark) focused on enterprise-grade custom offices; comparable on serviced-office product targeting larger corporate occupiers.
• Mindspace: Flexible workspace operator with a strong footprint in Europe and Israel, offering coworking, private offices, and meeting rooms. Closely comparable business model to New Work Offices.
• Servcorp: Global provider of serviced and virtual offices with strong virtual-office product, exactly matching one of New Work Offices' core offerings; comparable across customer segments and pricing model.

Regional players

• HB Reavis: Slovak-based commercial real estate developer and operator with significant presence across CEE (including Budapest). Operates flexible workspace concepts alongside its core development business, making it both a potential competitor and a landlord/partner in the same geography as New Work Offices.

Broad incumbents

• IWG (Regus): Global leader in flexible workspace with brands including Regus, Spaces, and HQ; operates thousands of centers worldwide including CEE. Directly comparable to New Work Offices on product mix (serviced offices, coworking, meeting rooms, virtual offices) but with vastly greater scale and enterprise relationships.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/newworkoffices
• LinkedInlinkedin.com/company/new-work-flexoffices

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds3 records

Investors

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 New Work Offices