Novel Coworking
Novel Coworking, founded in 2013 and headquartered in Chicago, operates under the trade name Expansive as a flexible-workspace provider offering fully furnished coworking spaces, private offices, and flexible office solutions in prime locations, with integrated online booking and payment portals for member self-service.
- Company typePrivate
- Founded2013
- HeadquartersChicago, United States
- Headcount—
- GTM typeB2B
- OfferingServices
What Novel Coworking does
Novel Coworking, founded in 2013 and headquartered in Chicago, is a private, for-profit flexible-workspace provider operating under the trade name Expansive. The company delivers fully furnished, amenity-rich workspaces — including coworking spaces, private offices, and flexible office solutions — positioned in prime locations with direct fiber internet and Wi-Fi as core infrastructure.
Its product portfolio is structured around three physical tenancy formats (Flexible Office Spaces, Coworking Spaces, and Private Offices) supplemented by a digital layer comprising a Member Booking Portal for space and resource reservations and a Payment Portal for recurring billing. The Free Day Pass operates as a low-friction conversion mechanism, letting prospects trial the workspace before committing. The underlying technology stack is modest: the booking experience is powered through expansive.com product search, while payment processing runs on a third-party SaaS backend (yardikube.com), with no proprietary AI/ML components disclosed.
The revenue model is built on membership subscriptions and office leases across its coworking portfolio, with pricing not publicly disclosed. Go-to-market leans digital-first via the website, the Free Day Pass funnel, and self-service member portals, supplemented by traditional tour-based sales. No headcount, customer logos, location count, or revenue figures were disclosed in the input data, so scale, customer segmentation, and unit economics cannot be quantified from this evidence set.
Novel Coworking firmographics
Firmographics- Name
- Novel Coworking
- Website
- https://novelcoworking.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Short description
- Novel Coworking, founded in 2013 and headquartered in Chicago, operates under the trade name Expansive as a flexible-workspace provider offering fully furnished coworking spaces, private offices, and flexible office solutions in prime locations, with integrated online booking and payment portals for member self-service.
- Ownership category
- akta.pro rank
Novel Coworking industry classification
Industry- Product category
- Flexible Workspace / Coworking Services
- akta.pro primary industry
- Hybrid Work Enablement & Desk/Room Booking Operations (BPABAFAH)
Keywords
Where Novel Coworking is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Markets served
Novel Coworking business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D
Novel Coworking product offering
Product offeringCore offering
Novel Coworking, operating as Expansive, provides fully furnished, amenity-rich flexible office spaces, shared coworking spaces, and private offices equipped with direct fiber internet and Wi-Fi in prime U.S. locations. Customers access these workspaces through a subscription-based membership model, with self-service booking and payment handled via online portals.
Product overview
Expansive is a flexible workspace provider offering a unified platform combining physical office solutions with digital booking tools. The core portfolio includes Flexible Office Spaces, Coworking Spaces, and Private Offices, supplemented by a Member Booking Portal for space reservations and a Payment Portal for subscription management. The Free Day Pass serves as a lead generation tool enabling prospective members to trial the workspace before committing. All offerings are accessible through the company's website with integrated digital portals for member self-service.
Differentiator
Problem solved
Functional benefit
Products and services
- Flexible Office Spaces Flexible office space solutions providing businesses and individuals with adaptable, fully furnished workspace options equipped with direct fiber internet and Wi-Fi.
- Coworking Spaces Shared workspace environments where members work alongside other professionals, with access to communal amenities, community features, and shared meeting facilities.
- Private Offices Dedicated, enclosed office spaces available for lease, providing privacy and a professional environment for businesses seeking their own dedicated workspace within a managed building.
Companies that use Novel Coworking
Customer profileIdeal customer profiles1 record
Novel Coworking technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Novel Coworking partnerships and signals
Strategic signalRecent moves4 records
Expansion highlights3 records
Novel Coworking competitors and assessment
Company assessmentDirect peers
- WeWork: Largest global flexible-workspace operator offering coworking, private offices, and meeting rooms in prime urban locations — directly comparable product set and target customer (SMEs, enterprises, freelancers).
- Industrious: Premium flexible-office and coworking provider focused on enterprise clients in tier-1 U.S. cities; offers private offices, coworking, and meeting rooms with hospitality-grade amenities, mirroring Novel Coworking's positioning.
- Office Evolution: U.S. franchise-based coworking and small private office operator serving suburban and secondary markets; comparable product mix (coworking + private offices) and SMB customer base.
- Knotel: Former flexible-office provider (now under Newmark) offering customized private office space as a service; historical direct competitor to Novel Coworking in delivering enterprise-grade flexible offices.
- Serendipity Labs: Boutique coworking and flexible-office operator in U.S. suburbs and mid-markets, offering private offices, coworking, and meeting rooms with hospitality-style service — comparable size and segment to Novel Coworking.
- Convene: Premium flexible-office and meeting-space operator in major U.S. cities, combining workspace with curated meeting and event venues — a direct comp for Novel Coworking's amenity-rich, prime-location model.
Emerging players
- LiquidSpace: Marketplace platform for booking on-demand meeting rooms, coworking, and offices by the hour; overlaps with Novel Coworking's booking portal concept and complements its booking portal capability.
- Workfrom: Community and discovery platform for remote workers and coworking spaces; comparable digital touchpoint to Novel Coworking's member booking portal though focused on discovery rather than operating locations.
Regional players
- Workbar: New England-based coworking and flexible-office operator with locations in the Boston metro; same product suite and SMB target as Novel Coworking, though concentrated in a different geography.
Broad incumbents
- IWG (Regus, Spaces): Global incumbent operating Regus, Spaces, HQ, and Signature brands across 120+ countries; offers flexible offices, coworking, and meeting rooms and dwarfs Novel Coworking in scale, though with a broader, less boutique product mix.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Novel Coworking social profiles
Digital presenceNovel Coworking financial estimates
Financial estimateRevenue estimate
Valuation estimate
Novel Coworking leadership team
Management profileNumber of profiles
Novel Coworking funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Novel Coworking M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Novel Coworking
What does Novel Coworking do?
Novel Coworking, operating as Expansive, provides fully furnished, amenity-rich flexible office spaces, shared coworking spaces, and private offices equipped with direct fiber internet and Wi-Fi in prime U.S. locations. Customers access these workspaces through a subscription-based membership model, with self-service booking and payment handled via online portals.
When was Novel Coworking founded?
Novel Coworking was founded in 2013.
Where is Novel Coworking based?
Novel Coworking is headquartered in Chicago, United States, in the North America region.
Who are Novel Coworking's main competitors?
Direct peers on record are WeWork, Industrious, Office Evolution, Knotel, Serendipity Labs and Convene. Emerging players are LiquidSpace and Workfrom. Workbar is listed as a regional player. IWG (Regus, Spaces) is listed as a broad incumbent.
Does Novel Coworking have an API?
No public API is recorded for Novel Coworking.
What industry is Novel Coworking in?
Novel Coworking's product category is Flexible Workspace / Coworking Services. Its primary akta.pro industry code is BPABAFAH, Hybrid Work Enablement & Desk/Room Booking Operations.