What Spaces Bakery Square does

Spaces is a flexible-workspace and coworking brand operating as a division of IWG plc, the UK-listed parent (LSE: IWG.L, CEO Mark Dixon). It provides private offices, dedicated coworking desks, on-demand coworking and office day passes, virtual-office services (business address, mail handling, call answering, company registration) and bookable meeting, conference, boardroom, training and event spaces to over 12,000 rooms worldwide. The brand runs on a digital platform combining an online booking engine, a mobile app (Spaces App) for booking and access control, digital keycard access, and an enterprise Workplace Portal that integrates with IWG's global network spanning 4,000+ locations across 120+ countries and 32 named markets in North America, Latin America, Europe, Asia Pacific, the Middle East and Africa.

The product catalog is horizontally segmented by customer size (freelancers, SMEs, national and international businesses, global enterprises) and vertically extended into specialized use cases such as medical offices and beauty and wellness suites. Spaces earns revenue through a mix of recurring subscriptions (private offices, coworking memberships, virtual-office plans), usage-based transactions (day passes, hourly coworking, meeting-room rentals) and managed-services contracts (Enterprise All Access, entire-building rentals, Workplace Recovery, Workplace Technology). Pricing is presented as 30-35% below traditional office leasing for private offices and up to 60% cheaper through monthly All Access membership tiers. Marketing and distribution combine self-serve digital booking, app-based PLG, inside sales and a dedicated enterprise field-sales motion, supplemented by a commercial-broker network and a property-investor partnership program that operates like an asset-light franchise channel.

Customer logos cited include Google, Microsoft, Samsung, Spotify, Uber, HSBC and PayPal, alongside an extensive long tail of small businesses and individual members served through self-serve channels. Dedicated sales handles enterprise, broker and developer relationships, while mid-market prospects are captured through phone-and-web inquiry handling and guided tours. Brand-level revenue, headcount and pricing detail are not separately disclosed because Spaces is reported only as a brand within the IWG plc consolidated entity.

Name

Spaces Bakery Square

Legal name

Spaces group company

Website

https://spacesworks.com

Company type

Private

Founded year

2008

Operating status

Operating

Short description

Spaces is a flexible-workspace brand of IWG plc offering private offices, coworking, meeting rooms and virtual-office services across 4,000+ locations in 120+ countries, serving freelancers, SMEs and global enterprises on subscription and usage-based terms.

Ownership category

akta.pro rank

Product category

Flexible Workspace Services

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Facilities Support Services (561210)

SIC

Services-Facilities Support Management Services (8744), Office Furniture (2520)

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

• Flexible workspace solutions
• Coworking space rentals
• Private office leasing
• Virtual office services
• Meeting room bookings

Headquarters

HQ city

Pittsburgh

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Private Office Memberships: Monthly or annual subscriptions for dedicated private office space. Includes 24/7 access, fully furnished workspace, business address, mail handling, and 5 complimentary coworking days per month per team member. Revenue is recurring and predictable.
2. Coworking Memberships: Flexible coworking plans including dedicated desks (permanent spot), day passes (pay-per-use), and all-access plans (unlimited or tiered day limits). Month-to-month or longer-term agreements available.
3. Day Pass Bookings: One-time payments for temporary workspace access including office day passes, meeting room rentals, and hourly coworking. These are transaction-based revenue streams for short-term needs.
4. Virtual Office Services: Business address rental, mail handling, call answering, and company registration services. Can be bundled with workspace access credits. Provides recurring revenue with lower infrastructure costs.
5. Meeting Room Rentals: Hourly or daily rental of meeting rooms, conference rooms, boardrooms, training rooms, and event spaces. Includes AV equipment, hospitality services, and catering options.
6. Enterprise Solutions: Customized workspace solutions for large organizations including entire building rentals, enterprise all-access memberships, and multi-location agreements. Typically negotiated contracts with committed revenue.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

Spaces operates as a flexible workspace brand providing private offices, coworking desks, meeting rooms, and virtual office services across a global network of 4,000+ locations in 120+ countries. Offerings are available on hourly, daily, monthly, or longer-term subscriptions with 24/7 access, fully furnished spaces, and digital booking via web and mobile app. The platform also serves enterprises with multi-location agreements, entire building rentals, and dedicated workplace management tools.

Product overview

Spaces is a flexible workspace platform operated by IWG plc, offering a comprehensive ecosystem of workspace solutions across 4000+ locations in over 120 countries. The platform operates as a multi-module offering combining private offices (for individuals, small teams, and large teams), dedicated coworking desks, flexible day passes, and virtual office services. Core products include Offices for Individuals, Offices for Small Teams, Offices for Large Teams, Dedicated Desks, Coworking spaces (Day Pass, All Access, Hourly), Meeting Rooms (over 12,000 rooms including Focus Rooms, Team Rooms, and Group Meeting Hubs), Conference Rooms, Boardrooms, Training Rooms, Collaboration Rooms, Event Spaces, and Interview Rooms. Virtual office offerings encompass Business Address, Virtual Office Plans, Company Registration, and Call Answering services. Enterprise solutions include Enterprise All Access, Entire Buildings, Workplace Recovery, Workplace Portal, and Workplace Technology. Specialized offerings extend to Medical Offices, Beauty and Wellness Suites, and Specialized Spaces. The platform is complemented by the Spaces mobile app for on-the-go workspace management. All offerings are designed to serve freelancers, startups, SMEs, and global enterprises with scalable, flexible terms starting from month-to-month arrangements.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Offices Fully furnished private offices available for individuals, small teams (2-5 people), and large teams (6+ people), offering 24/7 access, customization, professional business address, and global flexibility. Includes 5 complimentary coworking days per team member each month.
• Dedicated Desk Coworking A permanent reserved coworking desk in a shared workspace with 24/7 access, lockable storage, and ergonomic seating for solo professionals and remote workers needing a consistent workspace.
• Flexible Coworking Access (Day Pass, Hourly, All Access) On-demand coworking access including daily passes, hourly bookings, and All Access memberships (5, 10, or unlimited days per month) across the global Spaces network.
• Office Space Day Pass Bookable private office access for a full day without commitment, available in compact, small team, and large team configurations.
• Meeting Rooms and Event Spaces Over 12,000 bookable meeting rooms including Focus Rooms (1-10 people), Team Rooms (10-20 people), Group Meeting Hubs (20+ people), Conference Rooms, Boardrooms, Training Rooms, Collaboration Rooms, Event Spaces, and Interview Rooms with AV equipment and hospitality services.
• Virtual Office Services Comprehensive virtual office offerings including premium business addresses in 4,000+ locations, mail handling, company registration services, and professional call answering with multilingual support across 120+ countries.
• Enterprise Solutions Enterprise-grade workspace solutions including Enterprise All Access memberships (5, 10, or unlimited days per month globally), entire building rentals, Workplace Recovery (business continuity/disaster recovery), Workplace Portal (centralized digital management), and Workplace Technology (IT infrastructure and connectivity).
• Spaces Mobile App Mobile application for iOS and Android enabling users to book workspace, manage team access, handle billing, and access support services in real time across the global Spaces network.

Quantifiable outcome

• 30-35% cost savings compared to traditional office leasing
• +3 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• IWG plccoreStrategic or Co-development PartnerSpaces is a brand under IWG plc (International Workspace Group), one of the world's largest providers of flexible workspace solutions. IWG provides the global infrastructure, brand support, and operational platform that enables Spaces to operate 4,000+ locations across 120+ countries.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Knotel: Flexible office provider (now part of Newmark) offering built-to-suit headquarters and enterprise-scale workspaces that overlap with Spaces' entire buildings and full floor office offerings.
• Mindspace: Premium flexible office provider focused on European cities, offering design-led private offices and coworking that compete for the same creative-class and enterprise tenants in overlapping markets.

Direct peers

• Industrious: Premium flexible office operator competing in the same design-forward, hospitality-led segment as Spaces, with an enterprise focus including built-to-suit floors similar to Spaces' enterprise all-access and full-floor products.
• Breather: On-demand meeting room and workspace booking platform with hourly and daily booking models that mirrors Spaces' meeting room rentals and day-pass products for short-term workspace needs.
• WeWork: Largest direct competitor in design-led flexible office and coworking, offering private offices, dedicated desks, and on-demand meeting rooms to enterprise and SMB customers with a similar global geographic strategy.
• Convene: Premium flexible workspace and meeting/event venue provider targeting enterprise clients with full-service offices, comparable to Spaces' enterprise offerings and 12,000+ meeting room footprint.
• Servcorp: Direct peer in serviced offices, virtual offices, and meeting room rentals across multiple countries; overlapping virtual-office and address products overlap closely with Spaces' Business Address and Virtual Office Plans.

Broad incumbents

• CBRE Group: Global commercial real estate services firm with workplace and flexible office advisory plus managed office offerings; competes at the enterprise end and is a frequent broker partner competing for the same customer wallet.

Others

• Liquidspace: Workspace marketplace aggregating on-demand meeting rooms, day offices, and coworking across operators; Spaces' meeting room and day-pass inventory is also distributed through comparable on-demand channels, positioning Liquidspace as an adjacent ecosystem enabler.

Regional players

• Workbar: Regional coworking and flex-office operator with a multi-location model and similar SMB/scaleup targeting; useful comp for unit economics in the same coworking category outside Spaces' global footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/spaces
• Facebookfacebook.com/spaces
• LinkedInlinkedin.com/company/spacesworks
• Instagraminstagram.com/spaces

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 Spaces Bakery Square