New Work Offices
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.
- Company typePrivate
- Founded2012
- HeadquartersBudapest, Hungary
- Headcount101–250
- GTM typeB2B
- OfferingServices
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.
New Work Offices firmographics
Firmographics- 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
New Work Offices industry classification
Industry- 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
Where New Work Offices is headquartered
LocationHeadquarters
- HQ city
- Budapest
- HQ country
- Hungary
- HQ region
- Europe
Markets served
New Work Offices business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Marketing or Sales
New Work Offices product offering
Product offeringCore 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.
Companies that use New Work Offices
Customer profileIdeal customer profiles1 record
New Work Offices technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
New Work Offices partnerships and signals
Strategic signalRecent moves4 records
Expansion highlights2 records
New Work Offices competitors and assessment
Company assessmentDirect 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
New Work Offices social profiles
Digital presenceNew Work Offices financial estimates
Financial estimateRevenue estimate
Valuation estimate
New Work Offices leadership team
Management profileNumber of profiles
Profiles4 records
New Work Offices funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
New Work Offices M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about New Work Offices
What does New Work Offices do?
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.
When was New Work Offices founded?
New Work Offices was founded in 2012. It employs 101 to 250 people.
Where is New Work Offices based?
New Work Offices is headquartered in Budapest, Hungary, in the Europe region.
Who are New Work Offices's main competitors?
Direct peers on record are Workspace Group, WeWork, Impact Hub, Industrious, The Office Group (TOG), Knotel (Newmark), Mindspace and Servcorp. HB Reavis is listed as a regional player. IWG (Regus) is listed as a broad incumbent.
Does New Work Offices have an API?
No public API is recorded for New Work Offices.
What industry is New Work Offices in?
New Work Offices's product category is Flexible Workspace Services. Its primary akta.pro industry code is BPABAFAH, Hybrid Work Enablement & Desk/Room Booking Operations, with a secondary code of IMAIALAK, Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison). Its NAICS code is 561110 and its SIC code is 7340.