Space 1

What Space 1 does

Space 1 is a Russian-founded serviced office operator that launched in 2019 with an "office as a service" model. The company provides ready-to-move-in private offices, coworking workspaces, meeting rooms, and custom build-to-suit office solutions for medium and large enterprises, primarily headquartered in Moscow with international operations in Dubai, UAE. Space 1 operates 19 locations totaling 64,762 square meters and 9,265 workstations across four sub-brands: Space 1 (standard serviced offices, 6-month minimums), Space 1 JET (flexible offices from a single workstation, 18-month minimums), Space 1 Custom (build-to-suit projects with 3-5 year contracts), and Space 1 Dubai (Mainland-licensed UAE offices). The portfolio spans premium central Moscow addresses (Arbat, Tverskoy, Balchug, Belorusskaya) and Dubai business hubs (Al Salam Tower, Emaar Square, Emaar Business Park).

The core technology stack is built on CISCO-based isolated IT infrastructure with dedicated server rooms per office space, paired with a proprietary mobile application providing keyless entry, meeting room booking, tenant service requests, and HelpDesk communication. Operational automation includes presence detection integrated with smart meeting room booking and cloud-based utility metering for water and electricity. The all-inclusive pricing model bundles furniture, internet, cleaning, repairs, reception, and consumables into a single monthly fee, with meeting rooms available on hourly rental (6,000-40,000 RUB/hour depending on capacity and location).

Revenue is generated through four streams: monthly office rentals (subscription), build-to-suit custom projects (3-5 year contracts), coworking/flexible workspace subscriptions, and usage-based meeting room rentals. The go-to-market combines enterprise field sales for 20+ seat requirements and build-to-suit projects, inside sales via phone/Telegram/WhatsApp for smaller requirements, and direct self-service booking through the website. Distribution is supplemented by listing on aggregator kovorkingi.ru. The company has won 16+ industry awards since 2020, including repeated CRE Awards and Arendator Awards for "Best Serviced Office," and holds Fitwel and BREEAM certifications on key properties. Revenue, funding, and ownership structure are not publicly disclosed.

Name

Space 1

Legal name

OOO «Спейс 1» (Obshchestvo s ogranichennoy otvetstvennostyu «Space 1»)

Website

https://www.space1.ru/

Company type

Private

Founded year

2019

Operating status

Operating

Short description

Space 1 is a privately held serviced office operator founded in 2019 in Moscow, providing ready-to-move-in offices, coworking, meeting rooms, and build-to-suit solutions across 19 locations in Russia and UAE, serving medium and large enterprises with all-inclusive subscription-based pricing.

Ownership category

akta.pro rank

Product category

Serviced Offices

NAICS

Facilities Support Services (561210), Services to Buildings and Dwellings (5617)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

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

akta.pro secondary industry

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

Keywords

• Serviced office rentals
• Flexible workspace solutions
• Build-to-suit offices
• Coworking access
• Meeting room rentals

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices24 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Office Rental - Ready-to-Move-In: Monthly rental of fully equipped, furnished office spaces with all-inclusive services. Rental includes furniture, IT infrastructure, daily cleaning, internet, minor repairs, reception services, tea and coffee. Minimum contract duration varies from 6 to 18 months depending on format.
2. Build-to-Suit Office Solutions: Custom office design, construction, and fit-out services for clients requiring tailored solutions. Includes project development, renovation, IT infrastructure setup, and ongoing maintenance. Contract terms typically 3-5 years.
3. Coworking / Flexible Workspace Access: 'Untethered' and 'tethered' workspace access with full access to common areas. Monthly subscription with all-inclusive services including meeting room credits, printing, and partner benefits.
4. Meeting Room Rental: Hourly rental of meeting rooms and event spaces at various Space 1 locations. Prices range from 6,000 to 40,000 rubles per hour excluding VAT depending on capacity and location.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Space 1 provides ready-to-move-in serviced offices, flexible offices from a single workstation, and custom build-to-suit office projects under a single monthly all-inclusive rental that covers furniture, IT infrastructure, internet, cleaning, reception, and utilities. Operations span 19 locations across Moscow and Dubai, with customers able to move in from one day for ready offices or within 3-6 months for custom projects. A proprietary mobile application enables keyless access, meeting room booking, and HelpDesk communication for tenants.

Product overview

Space 1 is an international network of serviced offices operating under an 'office as a service' model launched in 2019. The company operates across two countries (Russia and UAE) with 19 locations totaling 64,762 sq.m and 9,265 workstations. The portfolio consists of four main product lines: Space 1 (standard serviced offices with 6-month minimum contracts), Space 1 JET (flexible offices with 18-month minimum from 1 workspace), Space 1 Custom (build-to-suit offices delivered in 3-5 years), and Space 1 Dubai (international operations in UAE). All offerings include all-inclusive pricing covering furniture, utilities, internet, cleaning, maintenance, and reception services. The company also offers meeting room rentals and a coworking-style 'Доступ Без Границ' flexible access product. Tenants interact with the service through a proprietary mobile application for access control, HelpDesk communication, and space booking.

Differentiator

Problem solved

Functional benefit

Brands

• Space 1 JET: Compact flexible offices from 1 workstation with flexible rental terms, all services included from receptionist and repairs to consumables and cleaning.
• Space 1 Custom
• Space 1 Dubai

Quantifiable outcome

• Move into office from 1 day for ready spaces, 3-6 months for custom build-to-suit
• +2 more outcomes

Named customers2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• O1 StandardcoreImplementation/ SI/ Consulting PartnerO1 Standard provides engineering systems operation and maintenance for Space 1 properties. They manage class A business centers totaling 815,000 sq.m., bringing professional property management expertise to Space 1 locations.
• CISCOcoreTechnology or IntegrationCISCO provides IT infrastructure equipment for Space 1's isolated office networks. Each office space has dedicated server rooms with gas fire suppression and redundant cooling, based on CISCO networking equipment.
• FitwelminorOthersFitwel provides building health and wellness certification for Space 1 Balchug. Space 1 Balchug received Fitwel Project of the Year award 2021.
• BREEAMminorOthersBREEAM provides building sustainability certification for Space 1 properties, validating environmental performance standards.
• EJARI (Dubai)minorOthersEJARI rental registration service included in Dubai office rentals. Required for legal rental agreements in UAE.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• IWG (Regus): IWG operates the world's largest serviced-office and flexible-workspace network (Regus, Spaces, HQ, Signature) across 120+ countries. It is the closest broad incumbent comparable to Space 1 — same product (ready-to-move-in offices with all-inclusive pricing), overlapping geographies (UAE), and same enterprise target market.
• WeWork: WeWork is a global coworking and flexible-office operator serving SMB and enterprise tenants with all-inclusive memberships. It directly competes with Space 1 in Dubai and (historically) Moscow, and competes for the same hybrid-work enterprise contracts Space 1's Custom product targets.

Direct peers

• SOK (SOK Market): SOK is a Russian flexible-office operator providing ready-to-move-in offices, coworking, and meeting rooms across multiple Moscow locations. It is the closest direct domestic competitor to Space 1 in terms of product, geography (central Moscow), and target SMB/enterprise customer.
• Workki: Workki is a Russian flexible-workspace and coworking network operating in Moscow and other Russian cities. It directly competes with Space 1's coworking/flexible access and ready-office products for SMB and individual tenants.
• The Office (formerly Officeless): The Office (formerly Officeless) is a Russian serviced-office operator with locations in Moscow and Saint Petersburg. It provides ready-to-move-in offices and coworking spaces in the same premium Moscow submarkets where Space 1 operates.

Emerging players

• Mindspace: Mindspace is a flexible-office operator focused on premium, design-led workspaces across Europe, the UK, and Israel. It targets enterprise and mid-market tenants with all-inclusive offerings similar to Space 1's Custom and ready-office products.
• Industrious: Industrious is a US-headquartered premium flexible-office operator that partners with landlords on enterprise-grade workspaces. Its product model (premium all-inclusive offices for enterprise tenants) and emphasis on workplace experience overlap with Space 1's Custom and high-end ready offerings.
• Awfis: Awfis is an Indian flexible-workspace operator offering coworking, ready offices, and meeting rooms across major Indian cities. While geographically distinct, its product portfolio and enterprise-targeting approach are structurally similar to Space 1's multi-format model.

Regional players

• Compass Offices: Compass Offices is a serviced-office operator headquartered in Hong Kong with locations across APAC and the Middle East. It serves enterprise clients with all-inclusive premium offices, comparable in product structure and target market to Space 1's Dubai operation.

Others

• Yardi Systems: Yardi is a commercial real estate software and property management platform that supports flexible-office operators with workspace utilization, billing, and presence-detection systems. It is comparable to Space 1 as an adjacent technology enabler for serviced-office operations.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@space1office
• LinkedInlinkedin.com/company/space1

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 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 Space 1