Lexington

What Lexington does

Lexington is a privately held Spanish flexible workspace provider founded around 1983, operating seven premium coworking and serviced office centers across Madrid and Barcelona's most prestigious business districts — including two flagships on Paseo de la Castellana, Príncipe de Vergara 132, Barrio de Salamanca's Jorge Juan 35, La Moraleja (Alcobendas), and in Barcelona, Avinguda Diagonal 545 within the L'Illa complex and the newly opened Paseo de Gracia 56. The company serves a customer base spanning large multinational enterprises (teams of 15+ requiring full floors, customized offices, and corporate branding), small professional teams, freelancers, and virtual office clients. Customers include foreign technology companies (a British cybersecurity firm, a US-based multinational tech company at 250 m², a communications giant at 300 m²) and consulting firms, with anchor enterprise deals often sourced through a broker referral network anchored by CBRE, JLL, Savills, BNP Paribas Corporate Services, Upflex, and The Instant Group on a 10% commission basis.

Lexington's product portfolio comprises five core offerings: coworking spaces with private offices and shared common areas, fully furnished customizable private offices (contracts from 1 month), personalized corporate offices for teams of 15+ with full branding and IT customization, fully equipped Salas Lexington meeting and event rooms (hourly, half-day, full-day), and virtual office / business domiciliation services. The technology backbone is the Lexington Community online portal, providing self-service contract, invoice, and reservation management, supplemented by integrated IP-based telecommunications (professional internet, IP terminals, extensions) and SSL-secured online transactions. The company reports average space allocation of 4.4 m² per workstation versus an industry standard of 2.9 m², and holds LEED Platinum (Castellana 79), LEED Gold (La Moraleja and Diagonal 545), and BREEAM (Príncipe de Vergara 132) certifications, signaling sustainability credentials that support enterprise tenant ESG requirements.

Lexington's revenue model combines subscription recurring streams (private office rentals, virtual office plans from €101/month Basic to €127/month PRO, shared desk subscriptions) with usage-based revenue (meeting rooms from €26/hour in Madrid and €39/hour in Barcelona, day passes, workshop rooms) and transaction-based broker referral commissions at 10% of contracted value. Distribution is multi-channel: enterprise field sales executives managing the full proposal-to-contract cycle for large deals, inside sales via toll-free phone (+34 900 181 249) and web forms, self-serve online booking, the Empresas Amigas partner ecosystem, and community-led growth through member referrals and on-site events. The company projects €14 million in revenue for 2024, having posted 23% growth in 2023, with average occupancy across locations of approximately 90%.

Name

Lexington

Legal name

Lexington S.A.

Website

https://lexington.es

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

Lexington is a Spanish flexible workspace operator founded in 1983, running seven premium coworking and serviced office centers across Madrid and Barcelona. It serves enterprise and SMB clients through private offices, shared spaces, meeting rooms, and virtual office services.

Ownership category

akta.pro rank

Product category

Flexible Workspace Services

NAICS

Facilities Support Services (5612), Administrative and Support Services (561), All Other Business Support Services (561499)

SIC

Services-Facilities Support Management Services (8744), Services-Miscellaneous Business Services (7380)

akta.pro primary industry

Space & Occupancy (MAC, Space Planning, Move Management) (BPABAAAG)

akta.pro secondary industries

Hybrid Work Enablement & Desk/Room Booking Operations (BPABAFAH), Soft Services (Cleaning, Support, Mailroom) (BPABAAAB), Office Services & Supplies Management (Stationery, Inventory, Vendor Coordination) (IMAIALAH)

Keywords

• Flexible office rentals
• Coworking spaces
• Private office leases
• Virtual office services
• Meeting room rentals

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Private office rentals: Month-to-month or longer-term rental of fully furnished private offices for teams of any size. Pricing varies by location (premium vs. standard), size, and contract duration. Includes all-inclusive model covering operational costs, furniture, internet, cleaning, and front desk. Customized branding and layout available for larger clients.
2. Shared desk / coworking spaces: Flexible shared workspace access including dedicated desks in shared offices or day passes to common work zones. Billed monthly with the option to add meeting room credits. Common areas include breakout zones, kitchens, phone booths, terraces, and green spaces.
3. Meeting and event room rentals: Hourly, half-day, full-day, or multi-day rental of fully equipped meeting rooms, training rooms, conference halls, and event spaces. Includes audiovisual equipment, videoconferencing, catering options, and configurable layouts. Rooms available from €26/hour (Madrid) and €39/hour (Barcelona).
4. Virtual office and business domiciliation: Virtual office plans providing a premium business address, call answering with personalized scripting, mail handling, directory listings, and discounts on meeting room bookings. Plans from €101/month (24-month contract) to €127/month for PRO tier including 8 hours of meeting rooms and 2 day passes per month.
5. Broker referral commissions: Commission-based revenue from broker and intermediary partners (real estate brokers, corporate services firms) who refer clients to Lexington. Commission rate is 10% of the contracted value.

Pricing tiers

Go-to-market motion5 records

Distribution channels4 records

Marketing channels8 records

Core offering

Lexington provides flexible workspace solutions in premium business districts of Madrid and Barcelona, including fully furnished private offices, customizable corporate offices, shared coworking spaces, meeting and event rooms, virtual office services, and business domiciliation. All-inclusive monthly pricing covers operational costs, front desk services, internet, and amenities, with contracts starting from one month and locations offering LEED/BREEAM certified premium addresses.

Product overview

Lexington is a flexible workspace provider offering a comprehensive portfolio of office solutions across Madrid and Barcelona. The core offering includes coworking spaces with private offices combined with shared common areas, supplemented by meeting room rentals, virtual office services, and business domiciliation. Products range from fully furnished private offices with monthly contracts starting from one month, to personalized corporate offices with full customization for larger teams, and shared desk options with day passes for flexible needs. All locations feature premium amenities including high-speed WiFi, ergonomic furniture, free coffee, and 24/7 access.

Differentiator

Problem solved

Functional benefit

Brands

• Salas Lexington: Meeting room rental service offered by Lexington with fully equipped spaces for meetings, trainings, events, conferences, and board meetings.
• Oficina Virtual Lexington

Products and services

• Private Offices Fully furnished, customizable private office spaces for teams of all sizes with contracts starting from one month. Includes desks, ergonomic chairs, cabinets, coat racks, customizable layout, branding, and design options. Pricing varies by location (premium vs. standard), size, and contract duration.
• Personalized Offices Fully customized office spaces designed to specification for teams of 15+ people. Includes tailored layout, IT solutions, branding, private meeting rooms, coffee points, and amenities. Targets larger enterprise clients with full personalization.
• Coworking Spaces Flexible shared workspace environments where companies have private offices while accessing common areas, collaborative zones, and meeting rooms in a premium corporate setting. Includes breakout zones, kitchens, phone booths, terraces, and green spaces.
• Shared Spaces Flexible desk arrangements in shared office environments or day passes to common work zones, available by the day or month for professionals and companies with flexible needs. Includes access to common areas across all Lexington locations.
• Salas Lexington (Meeting Rooms) Fully equipped meeting rooms available for hourly, half-day, full-day, or multi-day rental. Suitable for meetings, training sessions, events, conferences, and board meetings. Includes audiovisual equipment, videoconferencing, and catering options. From €26/hour (Madrid) and €39/hour (Barcelona).
• Virtual Office Virtual office services providing a premium business address, call answering in the company's name, correspondence management, and access to meeting rooms and coworking spaces. Plans from €101/month (Basic) to €127/month (PRO with meeting room hours and day passes included).
• Business Domiciliation

Quantifiable outcome

• 4.4 m² average workspace per person vs. 2.9 m² industry standard — more space and comfort per employee
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

20 partnerships are on record, tiered core and minor.

• CBREcoreChannel Partner/ Reseller/ DistributorGlobal real estate services firm acting as a key broker channel partner, referring corporate clients to Lexington. Testimonial from Salvador Aguilar (Specialist Flex Offices CBRE) praising Lexington's collaborative spaces, adaptability to new work formats, and broad service range.
• SavillscoreChannel Partner/ Reseller/ DistributorInternational real estate consultancy with 30+ years in Spain, providing advisory and solutions for corporate real estate needs, partnering with Lexington for flexible workspace referrals.
• JLL (Jones Lang LaSalle)coreChannel Partner/ Reseller/ DistributorGlobal real estate consultancy and trusted partner referring corporate clients to Lexington for premium flexible workspace solutions.
• UpflexcoreChannel Partner/ Reseller/ DistributorInnovative platform offering flexible workspace solutions from leading national and international operators, including Lexington, as part of its aggregated workspace marketplace.
• BNP Paribas Corporate ServicescoreChannel Partner/ Reseller/ DistributorCorporate services division of BNP Paribas referring enterprise clients to Lexington. Testimonial from Marta Fernández Paz (Senior Consultant & Corporate Services) praising Lexington's privacy respect while maintaining flexible and collaborative office essence with careful space aesthetics.
• The Instant GroupcoreChannel Partner/ Reseller/ DistributorGlobal workspace specialist and broker with access to 5,000+ locations. Testimonial from Katri Tuori (Global Account Director) noting Lexington's highest quality workspaces and team's deep understanding of corporate client needs with fast responses for leads.
• ProworkspacesminorStrategic or Co-development PartnerAssociation representing the flexible workspace sector and acting as interlocutor with government administrations. Lexington collaborates as a member, contributing to sector advocacy and policy dialogue.
• IFMA SpainminorStrategic or Co-development PartnerThe largest professional association in facility and workplace management, partnering with Lexington for industry standards and best practices in corporate real estate.
• ICAM (Ilustre Colegio de Abogados de Madrid)minorStrategic or Co-development PartnerIllustrious Bar Association of Madrid, collaborating with Lexington on member benefits and professional community initiatives for lawyers and legal professionals.
• ZITY (car sharing)minorGTM or Marketing PartnerSpanish car-sharing company with a fleet of 1,300 100% electric Renault Zoe vehicles. Partner through the 'Empresas Amigas' program offering Lexington members preferential access to sustainable urban mobility.
• Hampton by Hilton AlcobendasminorGTM or Marketing PartnerHotel located at exit 17 of the A1, 7 km from Madrid-Barajas airport. Partner through 'Empresas Amigas' program offering preferential rates and convenience for Lexington members traveling for business.
• Home ClubminorGTM or Marketing PartnerPremium short-, medium-, and long-stay accommodation provider in prime urban destinations. Partner through 'Empresas Amigas' offering Lexington members premium housing options.
• Number16minorGTM or Marketing PartnerInnovative English language school with native teachers of up to nine nationalities. Partner through 'Empresas Amigas' offering language training services to Lexington members.
• The Real ThingminorGTM or Marketing PartnerExpert travel agency offering complete travel experiences beyond simple booking. Partner through 'Empresas Amigas' offering exclusive travel services to Lexington members.
• RAMSEC Insurance ConsultingminorGTM or Marketing PartnerComprehensive insurance and investment management for companies with 15+ years of experience, part of WILLIS NETWORKS. Partner through 'Empresas Amigas' offering tailored insurance solutions to Lexington members.
• JuegaterapiaminorOthersNon-profit foundation building magical projects in children's hospitals. Lexington contributes to this cause as part of its corporate social responsibility program.
• Fundación SEURminorOthersFoundation funding treatments, therapies, and resources for the recovery of children. Lexington collaborates in financing these efforts as part of its CSR commitment.
• Federación Española Fibrosis Quística (FEFQ)minorOthersSpanish Cystic Fibrosis Federation. Lexington supports research into Dr. Pilar Domingo-Calap's Phage Therapy project at the University of Valencia.
• AICA (Asociación Empresarial de Alcobendas)minorStrategic or Co-development PartnerNon-profit business association defending the interests of entrepreneurs and merchants in Alcobendas. Partner in local business community initiatives.
• Alcobendas HUBminorStrategic or Co-development PartnerOrganization providing 360° services for attracting and consolidating investments in Alcobendas. Partner in local economic development and business attraction.

Scale indicators9 records

Recent moves12 records

Expansion highlights4 records

Direct peers

• Mindspace: Premium European flex-office operator with design-led, enterprise-grade spaces in Madrid and other European capitals. Closest direct competitor on positioning (premium locations, customization, enterprise focus, sustainability branding).
• OneCoWork: Barcelona-based premium coworking and flexible office operator serving startups, SMBs and enterprise tenants. Directly competes in Barcelona where Lexington has just expanded (Paseo de Gracia, Diagonal).
• Industrious: Premium flexible office provider serving enterprise and SMB tenants with bespoke workplace design and full-service offices. Comparable to Lexington's customized-office offering and large-team focus.
• Aticco: Spanish coworking and innovation hub operator with locations in Madrid and Barcelona. Competes with Lexington for both enterprise tenants and SMBs seeking premium flex space.
• Utopicus (by BPV): Spanish coworking and flexible workspace operator with multiple locations across Spain. Operates the same core product as Lexington (coworking, private offices, meeting rooms) with a strong Spanish brand.
• Wayco: Spanish coworking chain with locations in Madrid, Valencia and Barcelona. Provides similar shared-space and private-office offerings to Lexington targeting SMBs and professionals.

Broad incumbents

• WeWork: High-profile global coworking and flex-office operator with locations in Madrid and Barcelona. Same product set (private offices, shared space, meeting rooms, virtual offices) targeting enterprise and SMB tenants in premium Spanish addresses.
• IWG (Regus, Spaces, HQ): Global leader in flexible workspace operating Spaces, HQ, Regus and Signature brands across 120+ countries. Direct competitor to Lexington in Madrid/Barcelona for private offices and coworking, but at vastly greater scale and capital depth.

Others

• The Instant Group: Global workspace marketplace and broker (5,000+ locations) that is both a Lexington referral partner and a channel for competing operators. Adjacent ecosystem player that brokers enterprise flex-space deals.
• Upflex: Aggregated flex-workspace marketplace offering access to operators including Lexington. Enables enterprise clients to access thousands of locations through a single contract, increasing competition for individual operators like Lexington.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/LexingtonBC
• YouTubeyoutube.com/channel/lexington
• Facebookfacebook.com/lexington
• LinkedInlinkedin.com/company/lexington
• Instagraminstagram.com/lexington
• Pinterestpinterest.com/lexington

Compliance3 records

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 Lexington