Spaces

What Spaces does

Spaces is a creative-focused coworking and flexible workspace brand operating as part of IWG plc (International Workplace Group), the world's largest hybrid workspace company. Founded in 2008 and headquartered in Amsterdam, Spaces offers fully serviced private offices (for individuals, small teams, large teams, and full-floor), coworking solutions (dedicated desks, day passes, hourly access, and all-access memberships), meeting and event spaces (meeting rooms, conference rooms, boardrooms, training rooms, collaboration rooms, interview rooms, event spaces), and virtual office services (business address, call answering, and company registration). Enterprise offerings include entire-building takeovers, workplace portals, workplace recovery, and workplace technology services. The platform is delivered through digital booking systems and a dedicated mobile app, with verified operational presence in markets including Italy (157 locations), Israel (34), Ireland (31), and Ivory Coast (4), and access to more than 4,000 IWG locations across 120+ countries.

Spaces generates revenue through five primary streams: recurring coworking memberships, serviced office rentals, usage-based meeting room bookings, subscription virtual office services, and usage-based day passes and hourly bookings. Pricing varies materially by geography, with documented rates ranging from €2–€17 per person per day in Europe, ₪9–₪449 per day in Israel, and XOF 1,364–72,900 per day in Ivory Coast. Go-to-market combines direct-to-consumer online booking for SMBs and individuals, enterprise field sales for large multinational clients, and channel partnerships via IWG's global property-owner network under an asset-light revenue-sharing model. The company targets freelancers, startups, SMEs, national and international businesses, global enterprises, and vertical-specific segments including professional services, financial services, healthcare, and technology, with named enterprise customers including Microsoft, Google, PayPal, HSBC, Spotify, Uber, and Samsung.

Spaces is wholly owned by IWG plc, a publicly listed company on the London Stock Exchange. IWG reported record system-wide revenue of $4.2 billion and record EBITDA of $557 million in 2024. On 2025-12-22, WeWork acquired Spaces, marking a significant consolidation event in the flexible workspace sector. Spaces itself does not disclose standalone revenue or employee-specific unit economics; the firm lists 101–250 employees in the available data.

Name

Spaces

Legal name

Spaces group company

Website

https://spacesworks.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

Spaces is a creative-focused coworking and flexible workspace brand within IWG plc, offering serviced offices, coworking, meeting rooms, and virtual offices across 120+ countries. It serves freelancers, startups, SMEs, and global enterprises such as Microsoft, Google, and HSBC.

Ownership category

akta.pro rank

Product category

Flexible Workspace / Coworking Services

NAICS

Facilities Support Services (561210)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

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

akta.pro secondary industries

Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison) (IMAIALAK), Remote Access, Virtual Workspaces & Digital HQ (BPAMAMAL)

Keywords

• Flexible office spaces
• Coworking memberships
• Serviced office rentals
• Virtual office services
• Meeting room rentals

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Coworking Memberships: Spaces generates revenue through various membership tiers including dedicated desks, coworking day passes, and all-access plans. Members pay recurring fees for flexible workspace access across the global network, with options ranging from daily to unlimited monthly access.
2. Serviced Office Rentals: Revenue from fully serviced private offices for individuals, small teams, large teams, and full floor offices. These provide move-in ready workspaces with amenities included, charged on a per-person per-day or per-month basis.
3. Meeting Room Bookings: Hourly rental of fully-equipped meeting rooms, conference rooms, boardrooms, and event spaces. Pricing varies by location and room type, providing flexible revenue from both members and walk-in customers.
4. Virtual Office Services: Business address services, company registration, call answering, and virtual office plans. These services provide prestigious business addresses without physical office requirements, charged on a daily or monthly basis.
5. Day Passes and Hourly Bookings: One-time access passes for office space day use, coworking by the hour, and short-term workspace needs. These cater to occasional users and provide flexible revenue opportunities.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Spaces provides fully serviced, move-in ready flexible workspaces spanning private offices (for individuals, small teams, large teams, and full floors), coworking options (dedicated desks, day passes, hourly access, and all-access memberships), virtual office services (business address, company registration, call answering), and meeting/event spaces (meeting rooms, conference rooms, boardrooms, training rooms, interview rooms, and event spaces). The brand targets freelancers, startups, SMEs, national and international businesses, and global enterprises, with pricing on per-person per-day, hourly, and monthly subscription models across more than 4,000 IWG network locations.

Product overview

Spaces is a creative-focused coworking and flexible office brand within the IWG plc portfolio, offering a comprehensive platform of workspace solutions spanning private offices (individual, small team, large team, full floor), coworking (dedicated desks, day passes, hourly and all-access memberships), virtual offices (business address, call answering, company registration), and meeting rooms (standard, conference, boardroom, event, training, collaboration, and interview spaces). The platform operates on a subscription-based model with flexible day-pass and hourly options, complemented by enterprise solutions including entire building takeovers, workplace recovery, portal management, and technology services. All offerings feature fully serviced, move-in ready facilities with standard amenities including ergonomic furniture, business-grade internet, kitchens, and professional reception support. The brand targets freelancers, startups, SMEs, national businesses, international organizations, and global enterprises across diverse industry sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Offices for Individuals Fully serviced private office spaces designed for 1-2 people, offering privacy with professional styling and move-in ready setup. Targeted at solo professionals and small teams seeking professional workspace.
• Offices for Small Teams Private office spaces designed for teams of 2-5 people, fully serviced with flexible configurations for collaboration. Targeted at startups and SMEs.
• Offices for Large Teams Spacious private office setups designed for 5-20 people, with customizable layouts for team collaboration and productivity. Targeted at growing teams and departments.
• Full Floor Offices Complete floor access for 20+ people, offering customizable blank canvas workspaces tailored to organizational culture. Targeted at larger organizations and enterprise clients.
• Medical Offices Specialized serviced office spaces designed for healthcare providers with compliance-ready facilities. Targeted at healthcare providers, medical practices, and wellness businesses.
• Beauty and Wellness Suites Specialized workspace solutions designed for beauty and wellness businesses and professionals. Targeted at the beauty and wellness industry.
• Specialized Spaces Custom workspace solutions tailored for specific industry requirements and unique business needs. Targeted at organizations with unique workspace requirements.
• Dedicated Desk Reserved permanent desk in shared coworking space, providing consistent workspace with all-inclusive amenities. Targeted at individual professionals and remote workers needing a permanent spot.
• Cowork Day Pass Flexible daily access to coworking spaces with hot desking options, enabling instant access to workspace on demand. Targeted at occasional users and traveling professionals.
• Cowork By The Hour Hourly booking option for coworking spaces, providing maximum flexibility for short-term workspace needs. Targeted at users with very brief workspace requirements.
• Office Space Day Pass Private office access for a full day, bookable instantly for focused work and innovation. Targeted at professionals needing occasional private workspace.
• Office Space By The Hour Hourly rental of private office space, providing short-term access to professional workspace. Targeted at users needing brief private office access.
• Meeting Rooms Fully equipped professional meeting spaces available for presentations, client meetings, and brainstorming sessions. Available to members and walk-in customers on hourly basis.
• Conference Rooms AV-ready meeting spaces designed for hybrid collaboration and video conferences with professional technology. Targeted at teams needing hybrid collaboration facilities.
• Boardrooms Premium meeting spaces with screens and catering options, designed for executive meetings and important decisions. Targeted at executive teams and senior leadership.
• Event Spaces Versatile venues ranging from lounges to larger spaces suitable for corporate events and social gatherings. Targeted at organizations hosting events.
• Training Rooms Adaptable spaces configured for workshops and learning sessions, equipped with screens and whiteboards. Targeted at trainers, educators, and corporate learning teams.
• Collaboration Rooms Flexible workspaces with writable walls and configurable layouts designed for brainstorming sessions. Targeted at teams conducting creative workshops.
• Interview Rooms Private professional spaces designed for interviews, assessments, and confidential discussions. Targeted at HR teams and recruiters.
• Business Address Prestigious business address service with optional mail handling and forwarding capabilities. Targeted at businesses seeking a professional address without physical office.
• Virtual Office Plans Comprehensive virtual office service including business address, professional call answering, and workspace access on demand. Targeted at remote-first businesses and international companies.
• Company Registration Service enabling businesses to register their company using Spaces business addresses in compliant locations. Targeted at businesses needing a registered address.
• Call Answering Professional call answering service with dedicated reception handling for business calls. Targeted at businesses needing professional phone handling without in-house staff.
• Enterprise All Access Enterprise-wide membership plan enabling flexible access to private offices and coworking across global locations. Targeted at multinational corporations managing distributed workforces.
• Entire Buildings Full building takeover options for organizations requiring dedicated headquarters or large-scale operations. Targeted at large enterprises seeking dedicated facilities.
• Workplace Recovery Business continuity solutions enabling rapid workspace deployment during disruptions and recovery scenarios. Targeted at enterprises needing business continuity capabilities.
• Workplace Portal Centralized digital platform enabling organizations to manage workspace bookings and access across their portfolio. Targeted at enterprise workplace and real estate teams.
• Workplace Technology Technology infrastructure and services supporting enterprise workspace operations and connectivity. Targeted at enterprises needing integrated workplace technology.
• Spaces App Mobile application enabling users to manage bookings, access facilities, and control workspace services on the go. Targeted at all Spaces members and prospects.
• Cowork All Access Membership plan offering 5, 10, or unlimited days per month of coworking access across the global Spaces network. Targeted at frequent users needing flexible network-wide coworking.
• Office Space All Access Flexible membership offering 5, 10, or unlimited days per month of private office access across Spaces locations. Targeted at professionals needing occasional private office access across the network.

Named customers7 records

Segments10 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• WeWorkmajorOthers · 22 December 2025WeWork acquired Spaces as part of corporate real estate consolidation trends. This acquisition represents a significant consolidation in the flexible workspace market, combining two major coworking brands under common ownership.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Mindspace: Mindspace is a design-focused flexible workspace provider in Europe and Israel. It overlaps with Spaces in select European markets, particularly for enterprise customers seeking creative, design-led workspace environments.
• Knotel: Knotel (now part of Newmark) provides enterprise-focused flexible workspace solutions. It competes with Spaces' enterprise offering, particularly for larger organizations requiring customizable HQ and floor solutions.

Direct peers

• Industrious: Industrious is a premium flexible workspace provider offering private offices, coworking, and enterprise solutions in major US and global cities. It competes directly with Spaces on enterprise customers and premium positioning.
• WeWork: WeWork is the largest direct competitor in the flexible workspace market and recently announced the acquisition of Spaces (Dec 2025). Both brands offer coworking, private offices, and enterprise solutions to similar customers globally.
• Compass Offices: Compass Offices operates premium serviced offices and coworking across Asia Pacific. It provides comparable product offerings to Spaces including virtual offices, meeting rooms, and flexible memberships in major Asian business hubs.
• Servcorp: Servcorp provides serviced offices, coworking, virtual offices, and meeting rooms across major financial centers globally. It directly competes with Spaces across multiple product lines, particularly in premium CBD locations.

Regional players

• JustCo: JustCo is a leading coworking and flexible workspace operator across Asia Pacific. While regional, it competes with Spaces in Asia markets with similar product offerings (coworking, private offices, enterprise solutions).
• The Executive Centre: The Executive Centre operates premium serviced offices and coworking spaces across Asia Pacific and Middle East. It competes with Spaces in Asian markets for enterprise and SME customers seeking premium workspace.
• Awfis: Awfis is India's largest coworking and flexible workspace operator. It competes with Spaces in the Indian market and increasingly across Southeast Asia for both SMB and enterprise customers.

Broad incumbents

• IWG (Regus): IWG plc is the parent company of Spaces and the world's largest hybrid workspace company. As a sibling brand within IWG's portfolio, Regus competes in the same flexible workspace market with a broader business-focused positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/spaceszuidas
• LinkedInlinkedin.com/company/spaces-amsterdam

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

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 Spaces