3rd Space

Name

3rd Space

Legal name

3rd Space

Website

https://3rdspacecowork.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

3rd Space is a family-owned boutique coworking operator running two New Jersey locations (Newark and East Brunswick), offering private offices, hot desks, conference rooms, virtual mail, and event venue space to remote professionals, small businesses, and event hosts.

Ownership category

akta.pro rank

Headquarters

HQ city

Newark

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Private Office Rentals: Monthly rental of private offices at two locations. Pricing varies by location and office type (standard, window, exclusive wing). Includes amenities such as parking, WiFi, and common area access.
2. Hourly Space Rental: Flexible hourly booking of private offices, hot desks, and conference rooms through the Small Officer app. Provides on-demand access for customers who do not need monthly commitments.
3. Virtual Membership: Business address service allowing members to use the prime Newark location as their business address, with mail storage included.
4. Event Venue Rental: Hourly rental of event spaces including the rooftop, open areas, and conference rooms for corporate gatherings, workshops, networking events, and celebrations.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

3rd Space runs family-owned boutique coworking spaces in Newark and East Brunswick, NJ, furnishing private offices, dedicated desks (hot desks), conference rooms, phone booths, and event venue spaces on hourly, monthly, and yearly bases. The offering is rounded out by virtual mail services that let remote businesses use a prime Newark business address and a day-pass option for occasional users.

Product overview

3rd Space is a family-owned boutique coworking space offering a portfolio of flexible workspace solutions. The core offering includes private offices and hot desks available for hourly, monthly, or yearly rental, complemented by conference rooms for meetings and events. Additional services include virtual mail for business address needs, sound-treated phone booths for confidential calls, day passes for occasional users, and rooftop access for events. The East Brunswick location operates within a Class A building with free parking, while the Newark flagship space is housed in a converted century-old garment factory near Newark Penn Station.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Offices Furnished private office spaces offered on a monthly subscription basis (starting at $450/month in Newark and $650/month in East Brunswick), with flexible lease terms, evening and weekend entry, private parking, common-area access, and options ranging from standard offices to window offices and bespoke extra-large team offices.
• Day Passes Single-day access to 3rd Space workspace facilities, allowing professionals and visitors to use common areas and desk space without a monthly commitment.
• Conference Rooms Bookable meeting and conference rooms equipped with technology, suitable for corporate gatherings, seminars, workshops, and small networking events, available on an hourly or per-session basis.
• Event Venue Rental Hourly rental of large modern event spaces — including rooftop, open areas, and conference rooms — for corporate gatherings, product launches, seminars, workshops, networking events, life celebrations, and filming.
• Virtual Mail Service Monthly virtual mailbox and prime Newark business address service allowing remote-first businesses and professionals to establish a credible New Jersey presence with mail storage included for one month.
• Hourly Hot Desk & Private Space Bookings On-demand, pay-as-you-go booking of hot desks and private spaces through the Small Officer mobile app (iOS and Android), available across multiple New Jersey locations starting at $5/hour.

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Three partnerships are on record, tiered minor and core.

• Rising Tide CapitalminorStrategic or Co-development PartnerNonprofit business development organization. Victoria Rodriguez, Program Director, provided testimonial praising 3rd Space for hosting their event and the functionality of the space for their program needs.
• Small OfficercoreTechnology or IntegrationTechnology partnership enabling hourly space bookings through the Small Officer mobile application. Available on iOS and Android, serving multiple locations including Newark and East Brunswick.
• Newark FibercoreTechnology or IntegrationProvides ultra-fast WiFi internet service to the Newark location. 3rd Space offers complimentary WiFi powered by Newark Fiber to all members.

Scale indicators2 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• WeWork: Global coworking operator offering private offices, hot desks, and on-demand meeting rooms across hundreds of locations. Closest direct competitor by product offering; 3rd Space positions as a boutique alternative.
• Industrious: Premium flexible-workspace provider offering private offices, suites, and amenities for enterprise and SMB clients. Directly comparable product mix with similar boutique-leaning positioning.
• The Yard: Boutique coworking operator in NYC/NJ focused on private offices and shared space for small businesses and entrepreneurs. Closest boutique-scale comparable with overlapping design and service ethos.
• Spaces: IWG-owned creative coworking brand offering offices, coworking, and meeting rooms. Competes for the same SMB and remote-professional segments with a design-forward aesthetic.
• Serendipity Labs: Member-based coworking and flexible-office operator with multiple U.S. suburban and mid-market locations. Comparable target customers (remote professionals, SMBs) and similar amenity-driven model.
• Quest Workspaces: Boutique flexible-workspace operator with locations in NJ and NYC offering private offices, virtual offices, and meeting rooms. Highly comparable to 3rd Space in size, geography, and service mix.

Broad incumbents

• IWG (Regus): Parent of Regus, Spaces, HQ, and Signature — the largest global flexible-workspace operator. Overlaps with 3rd Space's private-office and meeting-room offerings across thousands of locations.
• Convene: Provider of premium meeting, event, and flexible-office space for enterprise clients. Overlaps with 3rd Space's event-venue and conference-room offerings at a larger scale.

Emerging players

• Mindspace: Design-led flexible-workspace operator expanding across the U.S. and Europe. Comparable boutique-premium positioning and shared focus on SMBs and enterprise satellite teams.

Others

• Liquidspace: Online marketplace for booking flexible workspace by the hour, day, or month across thousands of venues. Provides the underlying distribution model that complements 3rd Space's own Small Officer integration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/3rdspacecowork?lang=en
• Facebookfacebook.com/3rdspacecowork
• LinkedInlinkedin.com/company/3rdspacecowork
• Instagraminstagram.com/3rdspacecowork

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 3rd Space