The Farm SoHo

What The Farm SoHo does

The Farm SoHo, legally Soho Workspaces, INC., is a New York-headquartered coworking and flexible workspace operator founded in 2013 by Lucas Duykan Seyhun. The company provides physical workspace across multiple NYC locations — including a Soho flagship at 447 Broadway, Nomad rooftop, West Village garden, and Little Italy studio — plus a San Francisco site and nationwide virtual mailbox coverage in 8 US states. Its product portfolio spans hot desks ($150/month), dedicated desks ($419/month), private offices ($850/month), enterprise full-floor spaces ($10,000/month), day passes ($29/day), day offices ($65/hour), conference rooms, and event venues ($350/hour), targeting freelancers, startups, enterprise teams, event organizers, and remote founders.

The company operates a proprietary booking and management platform branded as SpaceYield, featuring a smart booking engine, client management system, automated payments, analytics dashboards, and a dedicated landlord portal. This platform underpins both internal operations and a new asset-light management offering where The Farm monetizes landlord- and hotel-owned vacant space under a 15% fee-only revenue-share structure. The company also provides business formation, registered agent, tax filing, and address verification services (for Stripe, Google My Business, and Amazon), creating a multi-product offering that extends beyond traditional coworking.

Revenue is generated through seven streams: subscription coworking memberships, subscription private office rentals, usage-based day passes and event venue bookings, subscription virtual mailbox/office services, subscription business formation and compliance products, transaction-fee broker commissions (12%, double industry average), and 15% management fees from landlord/hotel partners. Go-to-market combines self-serve online booking, direct enterprise sales, a broker partnership program, and channel partnerships with commercial landlords and hotels. The company reports no external funding, operates as an independent private entity, and lists Fortune 500 logos including Amazon, IBM, Nike, Chanel, American Express, Adidas, Delta Airlines, BMW, and Pepsi as customers.

Name

The Farm SoHo

Legal name

Soho Workspaces, INC.

Website

https://thefarmsoho.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

The Farm SoHo is a New York-headquartered coworking and flexible workspace operator offering private offices, coworking memberships, event venues, virtual mailboxes across 8 US states, and business formation services, targeting freelancers, startups, enterprise teams, and remote founders.

Ownership category

akta.pro rank

Product category

Flexible Workspace & Coworking Services

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Other Services to Buildings and Dwellings (56179), Administrative and Support Services (561)

SIC

Real Estate Operators (No Developers) & Lessors (6510), Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Coworking Cafes / Work Cafes (THAFADAJ)

akta.pro secondary industry

Space & Occupancy Services (Move/Add/Change, Seating, Wayfinding) (IMAIALAF)

Keywords

• Coworking spaces
• Flexible office rentals
• Virtual mailbox services
• Business address verification
• Event venue rentals

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Coworking Memberships: Monthly recurring subscriptions for hot desks, dedicated desks, and team spaces. Includes 24/7 access, meeting room credits, fiber optic Wi-Fi, complimentary beverages, and pet-friendly amenities.
2. Private Office Rentals: Move-in ready private suites priced from $850/month with flexible terms, 24/7 access, mail handling, and meeting room credits. Full-floor private spaces from $10,000/month for enterprise teams.
3. Day Pass & Day Office: One-time daily access to shared desks ($29/day) or private offices ($65/hour, up to 4,000 sq ft). Conference rooms available from $50/hour. Event venues from $350/hour.
4. Virtual Mailbox & Virtual Office: Mail handling, scanning, forwarding, and storage services available nationwide. Virtual office provides professional business address with on-demand shared office access.
5. Business Formation & Compliance: Company formation (LLC/C-Corp), registered agent, tax filing, and business address verification services. Includes Stripe compliance, Google My Business setup, and Amazon seller verification support.
6. Broker Partnership Commission: 12% brokerage commission on deals facilitated through the broker partnership program — double the industry average — with fast 60-day signing timeline.
7. Property Management (Landlord-Owned Spaces): Revenue-share model: The Farm takes 15% fee on income generated from day offices, conference rooms, and event spaces. Landlords retain 85% with zero upfront cost and 30-day termination flexibility. Potential revenue of $70/sqft.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels6 records

Core offering

The Farm SoHo operates a portfolio of flexible workspace products including coworking memberships, private offices, full-floor enterprise suites, day passes, conference rooms, and event venues across NYC and San Francisco. It also offers nationwide virtual mailbox and virtual office services, company formation/registered agent/tax filing services, and real estate services such as office brokerage, landlord space monetization, and hotel venue management.

Product overview

The Farm SoHo is a coworking and flexible workspace platform offering a comprehensive suite of workspace and business services. The core product portfolio includes private offices and coworking memberships (Hot Desk, Dedicated Desk, Team Dedicated), full-floor enterprise solutions, day passes and day offices, conference rooms, and event venues across multiple NYC and San Francisco locations. The platform extends into virtual business services including virtual mailbox and virtual office addresses available nationwide in 8 states. Business formation and compliance solutions cover registered agent services, tax filing, company formation (LLC/C-Corp), and verification services for Stripe, Google My Business, and Amazon sellers. Real estate services include landlord property management, hotel venue management, office lease brokerage, and turnkey office solutions. The company operates proprietary booking and management technology for its property management offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Coworking Membership Flexible shared workspace subscriptions including Hot Desk ($150/month), Dedicated Desk ($419/month), and Team Dedicated for six ($1,800/month), with 24/7 keyless access, meeting room credits, fiber optic Wi-Fi, phone booths, pet-friendly amenities, and complimentary beverages. Targets freelancers, remote workers, and small teams.
• Private Offices Move-in ready private suites from $850/month with flexible terms, 24/7 access, high-speed Wi-Fi, mail/package handling, meeting room credits, complimentary beverages, and onsite support. Targets small to mid-sized businesses needing dedicated space.
• Full Floor (Enterprise) Exclusive branded private floors with custom build-out from $10,000/month, fully private amenities, daily cleaning, 24/7 keyless access, mail handling, and complimentary beverages. Targets enterprise teams and large organizations.
• Day Pass Instant same-day access to a shared desk for $29/day with high-speed Wi-Fi, keyless entry, and complimentary beverages. Bundles save up to 74%. Targets traveling professionals, freelancers, and visitors needing short-term workspace.
• Day Office Hourly ($65/hour) or daily bookings of private offices ranging from 1-person rooms to full-floor spaces up to 4,000 sq ft, with A/V setup included. Targets traveling professionals and teams needing on-demand private space.
• Conference Rooms Hi-tech meeting rooms seating 1-50 guests from $50/hour with AV equipment, video conferencing, projector/large screen options, and catering available. Targets corporate teams and event organizers needing professional meeting space.
• Event Venues Unique NYC venues for social and corporate events from $350/hour accommodating up to 75 guests, including Soho Loft, Nomad Rooftop, Little Italy, and West Village Garden spaces. Includes AV equipment, catering options, and customizable setups. Targets corporate event organizers, wedding planners, and private hosts.
• Virtual Mailbox Mail handling, scanning, forwarding, and storage services available nationwide across locations in New York, California, Delaware, Florida, Nashville, Washington DC, Wyoming, and Texas. Targets remote founders and businesses needing a professional mailing address.
• Virtual Office On-demand access to shared office space combined with a professional business address and mail handling services across multiple US locations. Targets remote business owners and distributed teams.
• Registered Agent Low-cost registered agent service to maintain business compliance, available in New York, California, Delaware, Florida, Wyoming, Washington DC, and Texas. Targets incorporated US businesses needing statutory agent representation.
• Tax Filing Expert tax preparation services for business compliance. Targets small business owners and incorporated entities.
• Company Formation Remote LLC or C-Corp formation with dedicated account manager, including EIN and registered agent services at $0 service fee. Targets US and international founders launching US companies.
• Physical Office Lease Signed leased office space provided as proof of business address verification for non-CMRA professional address needs. Targets businesses requiring verified physical address documentation.
• Utility Bill Service Phone utility bills provided to support business address verification. Targets businesses needing address verification documentation.
• Stripe Compliance Stripe setup support for payment platform compliance and business verification. Targets online sellers needing Stripe account verification.
• Google My Business Setup and verification support for Google business listing, including address validation and remote video recording. Targets local businesses needing Google profile verification.
• Amazon Seller Setup Amazon seller account setup with address and document verification support. Targets e-commerce sellers needing Amazon marketplace onboarding.
• Landlord-Owned Spaces Management Turnkey property management that converts vacant commercial spaces into day offices, conference rooms, and event venues, with up to $70/sqft revenue potential and a 15% fee-only structure. Targets commercial property landlords and owners with underutilized space.
• Hotel Conference Venue Management Management service for underused hotel conference rooms converting them into revenue with claimed 520% ROI and 15% fee structure. Targets hotel owners and operators with underperforming meeting space inventory.
• Office Space for Lease Expert brokerage services to secure commercial leases with access to thousands of NYC spaces ranging from 100-6,600+ sq ft with 1-10 year lease terms. Targets businesses seeking traditional long-term office leases.
• Turnkey Offices Move-in ready office solution including strategy planning, buildout, furniture, and ongoing space management with claimed 30% savings versus traditional office setup. Targets businesses needing fully managed custom offices.

Quantifiable outcome

• 12% brokerage commission — double the industry average of 5%
• +6 more outcomes

Named customers19 records

Segments8 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

15 partnerships are on record, tiered core and minor.

• FlexspacecoreTechnology or IntegrationThird-party booking platform integration for meeting rooms, event spaces, and day offices. The Farm's spaces are listed and bookable through Flexspace's platform, enabling automated reservations and calendar management.
• Amazon Web Services (AWS)minorGTM or Marketing PartnerAWS provides $5,000 in cloud credits to Farm members as a perk of membership. AWS is a strategic partner offering credits to support startup and business growth of coworking members.
• EquinoxminorGTM or Marketing PartnerFarm members receive Equinox membership benefits including waived initiation fees, complimentary Equifit assessment, private Pilates session, personal training session, and discounts on Spa treatment and Shop purchases under the High Performance Living Program.
• Mercury (Banking)minorGTM or Marketing PartnerMercury provides full-stack banking for startups. Farm members receive a $250 cash reward when spending $10K within 90 days, plus no monthly/account fees for life with free wires.
• Hive (Collaboration Software)minorGTM or Marketing PartnerHive is a collaboration software platform. Farm members receive an exclusive 20% off discount on the Hive Teams package.
• SpotHerominorGTM or Marketing PartnerFeatured parking partner providing convenient and affordable parking reservations for Farm members through the SpotHero app.
• BuildergroopminorGTM or Marketing PartnerBuildergroop Perks Program provides Farm members access to over $29k in perks from companies like Stripe, Docsend, and Cal through a Discord community.
• Bond VetminorGTM or Marketing PartnerBond Vet offers pet care services with Farm member discounts. Since Farm is pet-friendly, Bond Vet complements the pet-friendly workspace environment.
• NordLockerminorGTM or Marketing PartnerFarm members receive 30% off NordLocker Business encrypted cloud yearly plan or 3-year subscription for the price of 2 years.
• Trinet (HR & Payroll)minorGTM or Marketing PartnerTrinet provides HR services, payroll support, and health insurance for small companies through The Farm. Also offers Trinet Marketplace as a free sales channel for Trinet clients.
• The Weird Company (Web Development)minorGTM or Marketing PartnerDigital marketing agency offering Farm members 15% off all packages for the first 2 months using a value-based pricing strategy.
• Consultport AcademyminorGTM or Marketing PartnerExpert-developed online learning platform providing Farm members free access to one certified management consulting course including certificate. Courses cover Internationalization Strategy, Innovation Strategy, and business-level strategy.
• NextGen Counsel (Legal)minorGTM or Marketing PartnerVirtual law firm serving small businesses with accessible legal services through a monthly subscription. Farm members receive 25% off their first 3 months.
• Flash Pic Me (Photography)minorGTM or Marketing PartnerPhotography services for events, headshots, and business visual content. Farm members receive 15% off with 24-hour delivery.
• Global Coworking Partner NetworkcoreGTM or Marketing PartnerThe Farm membership provides free full-day coworking passes at 240+ partner locations across 4 countries. Farm members receive 5 full-day passes per coworking location at partner spaces internationally. Accessible through Lexc.co network.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• WeWork: Largest global coworking and flexible workspace operator with extensive NYC presence. Directly comparable product mix — private offices, coworking memberships, day passes, event venues — and overlapping enterprise customer target.
• The Yard: NYC-focused coworking operator with multiple Manhattan locations serving creative professionals and small businesses. Comparable NYC concentration and freelancer/startup customer base.
• Spaces: Global flexible workspace brand under IWG, offering coworking, private offices, and meeting rooms in NYC. Direct competitor on core product set with broader geographic footprint.
• NeueHouse: Premium members' club and coworking brand with locations in NYC and LA, focused on creative industries. Comparable premium positioning, curated environments, and event-driven programming.
• Convene: NYC-headquartered operator combining premium meeting and event venues with flexible workspaces. Closest peer on the curated event venue + workspace hybrid model that anchors The Farm's premium positioning.
• Industrious: Premium flexible workspace operator with strong NYC enterprise footprint, including Fortune 500 accounts. Closest peer on enterprise full-floor positioning and quality of physical product.

Emerging players

• Croissant: Booking platform offering pay-as-you-go and monthly access to coworking and meeting spaces across multiple cities. Comparable digital distribution layer for flexible workspace supply.
• Liquidspace: On-demand marketplace for meeting rooms, day offices, and coworking spaces. Comparable in usage-based booking model and Flexspace platform integration referenced in The Farm's data.
• Deskpass: Subscription-based platform providing access to a network of coworking spaces. Comparable to The Farm's Global Coworking Membership in providing multi-location flexible access, but as a pure marketplace rather than operator.

Broad incumbents

• IWG plc: Parent of Regus, Spaces, HQ, and Signature — the largest global flexible workspace operator. Overlapping capabilities but operating at vastly greater scale and with multiple brands across price tiers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/thefarmsoho
• Instagraminstagram.com/thefarmsoho
• Xx.com/thefarmsoho
• LinkedInlinkedin.com/company/the-farm-soho

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 The Farm SoHo