What Workspace Group does

Workspace Group PLC is a London-focused flexible workspace operator founded in 1987 and listed on the London Stock Exchange (LSE: WKP) as a FTSE 250 constituent. The company owns and operates approximately 60 characterful, predominantly repurposed buildings across London and the South East, totalling 4.7 million square feet of flexible workspace across 79 locations. It serves roughly 4,000 businesses ranging from early-stage startups (1-7 people) and SMEs to scale-ups (30-200+ people), with horizontal segmentation across creative, technology, and general SME tenants, plus a secondary segment of meeting and event hirers. The core product set comprises private offices, commercial studios, light industrial units, workshops, and over 100 meeting rooms plus an Eventspace venue (Salisbury House) accommodating up to 160 guests. The platform layer consists of the MyWorkspace self-serve portal for account management and meeting room booking, a Flexible Space Calculator tool, and a Content Hub used as top-of-funnel marketing; go-to-market is sales-led via telephone (0207 138 3307) and website enquiry forms, supplemented by self-serve booking and a 'Workspace Presents' events programme.

Name

Workspace Group

Legal name

Workspace Group PLC

Website

https://workspace.co.uk

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

1–10 employees

Short description

Workspace Group PLC is a London-focused flexible workspace operator running ~60 buildings and 4.7 million square feet across the capital, serving roughly 4,000 SMB and startup tenants with offices, studios, light industrial units, meeting rooms and event space.

Ownership category

akta.pro rank

Product category

Flexible Commercial Real Estate / Workspace Services

NAICS

Facilities Support Services (561210), Office Administrative Services (5611)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

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

akta.pro secondary industry

Remote Access, Virtual Workspaces & Digital HQ (BPAMAMAL)

Keywords

• Flexible office space
• Commercial property rental
• Coworking workspaces
• Meeting room hire
• London workspace solutions

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Office and Studio Rental: Revenue from renting flexible office spaces, studios, light industrial units, and workshops across 60+ London locations. Customers pay recurring rental fees typically under flexible short-term contracts.
2. Meeting Room Hire: Revenue from renting meeting rooms and event spaces on an hourly or daily basis through the MyWorkspace booking system.
3. Property Disposal Programme: Strategic asset sales as part of portfolio optimization, with £125.7 million already completed or exchanged under a £200 million disposal programme.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels11 records

Core offering

Workspace Group provides flexible, characterful commercial space to rent across 60+ London locations, including private offices (1-200+ people), commercial studios, light industrial units and workshops on short-term customisable contracts. The offering is complemented by over 100 meeting rooms citywide, an Eventspace venue at Salisbury House for up to 160 guests, and the MyWorkspace self-serve portal for account and booking management.

Product overview

Workspace Group operates as a flexible workspace provider offering a portfolio of commercial real estate products across 60 London locations. The core offering includes private offices (available for 1-200+ people), commercial studios, light industrial units, and workshop spaces. The company serves small and medium-sized businesses, startups, and creative enterprises with flexible contract terms. Supporting services include over 100 meeting rooms (capacity up to 40 people), Eventspace venue hire (up to 160 people), and specialized startup office solutions. The portfolio spans characterful buildings across London neighborhoods from Central London to South East, West, East, and North London zones.

Differentiator

Problem solved

Functional benefit

Products and services

• Offices Flexible private office spaces available in various sizes from small teams (up to 30 people) to large teams (30-200+ people) across 60+ London locations. Offices come with flexible contracts and the ability to adapt and customise the space.
• Studios Commercial studio spaces designed for creative businesses and professionals, offering characterful environments in London's creative hubs.
• Light Industrial Units Light industrial units suitable for manufacturing, production, and warehouse operations, providing flexible commercial space for businesses requiring industrial infrastructure.
• Workshops Workshop spaces designed for makers, artisans, and businesses requiring dedicated workshop facilities with flexible terms.
• Meeting Rooms Over 100 high-spec meeting rooms throughout London with capacity for up to 40 people, available to book online through MyWorkspace with off-peak pricing options.
• Eventspace Event venue hire at Salisbury House with multiple spaces including Marquise, Trillion, or combined/private hire options for up to 160 guests, located 1 minute from Moorgate tube.
• Startup Office Space Specialised office spaces for startups with 2-month minimum contracts, lighter deposits, and flexible terms for businesses with 1-7 people.

Quantifiable outcome

• 91% employee recommendation rate as great place to work
• +3 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Portobello Business CentreminorStrategic or Co-development Partner · 2 February 2026Partner in Workspace's B Corp competition 'pitch for purpose' 2026, providing support and funding of up to £6,360 for B Corp submission tailored to winning business.
• TransformacyminorStrategic or Co-development Partner · 2 February 2026Partner in Workspace's B Corp competition 'pitch for purpose' 2026, providing support and funding of up to £6,360 for B Corp submission tailored to winning business.
• FuturePlusminorStrategic or Co-development Partner · 1 February 2026FuturePlus joined Workspace's Stay in the Loop sustainability events across February 2026. FuturePlus provides practical sustainability guidance to help businesses build better, more sustainable ways of working, cutting through jargon and offering achievable recommendations.
• JLL (Jones Lang LaSalle)coreStrategic or Co-development Partner · 3 November 2025Partnership with JLL for energy-smart building solutions. JLL provided analysis showing that Workspace's partnership reduced electricity usage by 31% within five months, saving 63,000 kWh per month and avoiding nearly 14 tonnes of CO2 emissions. JLL positions Workspace as a case study for smart buildings with solar panels, battery storage, and AI-powered systems.
• CB WineminorGTM or Marketing Partner · 1 August 2025Provider of 'Around the World' wine tasting events hosted at Workspace's Edinburgh House location as part of the Workspace Presents community events programme.
• Volcano Coffee WorksminorGTM or Marketing Partner · 1 August 2025Workspace customer providing specialty coffee prize for Stay in the Loop campaign competition in February 2026.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Emerging players

• Second Home: Boutique creative-workspace operator with characterful, design-led spaces. Comparable to Workspace on aesthetic differentiation and creative-industry customer focus, but operates fewer, larger flagship locations.
• Runway East: UK flexible-workspace provider focused on startup and scale-up customers with community-driven proposition. Overlaps with Workspace's startup segment and creative/tech positioning, but smaller scale and London-only.

Direct peers

• Servcorp: Listed flexible-office and virtual-office operator with global footprint. Direct competitor in flexible office rental with similar SME and virtual-office customer base; comparable on revenue model (subscription recurring).
• Mindspace: European flexible-workspace operator with locations across major cities. Comparable on product (flexible offices, meeting rooms, event space) and SME/corporate customer mix, though more continental European vs Workspace's London focus.
• Convene: Flexible-workspace and meeting/event venue operator with comparable product mix (offices + premium meeting/event spaces), and similar customer overlap with corporate meeting bookers, though primarily US-focused.
• WeWork: Global flexible-workspace operator that exited Chapter 11 in 2024 and continues to operate in major cities. Direct competitor in the flexible-workspace category with overlapping SME/enterprise customer base and meeting-room offerings, though more globally distributed.
• Industrious: Premium flexible-workspace provider with strong meeting/events focus, similar high-spec product positioning to Workspace's Meeting Rooms and Eventspace. Comparable on enterprise-grade flexible office product, though US-skewed.
• IWG (International Workplace Group): Global leader in flexible workspace (Regus, Spaces, HQ brands) with 4,000+ locations. Most direct comparable to Workspace on product (flexible offices, meeting rooms), customer (SMEs), and geographic spread, though IWG is much larger and globally diversified.
• Fora (formerly The Office Group): UK premium flexible-workspace operator co-founded by Charlie Green (now Workspace's CEO) and majority-owned by Blackstone since 2017. Operates 70+ UK locations. Most relevant direct peer given shared leadership DNA, similar London focus, and overlap in SME/premium segment.

Broad incumbents

• Great Portland Estates: UK-listed Central London office REIT and Workspace's most direct UK real-estate peer on geography (Central London) and asset type (office), though GPE owns traditional long-lease Grade A offices rather than flexible workspace; useful for London office-market benchmarking.

Market position

Strengths4 records

Weaknesses1 record

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/workspace-group
• Instagraminstagram.com/workspacegroup
• TikToktiktok.com/@workspacegroup
• Pinterestuk.pinterest.com/workspacelondon
• Xx.com/workspacegroup
• Facebookfacebook.com/111945592155898

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors2 records

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

M&A

Investments1 record

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

Frequently asked questions about Workspace Group