TractionSpace

What TractionSpace does

TractionSpace, LLC is a privately held flexible workspace operator headquartered in Tacoma, Washington, serving small businesses, startups, freelancers, and remote workers in the South Sound region. The company was founded around 2019-2020 by executives including Don Morrison (CEO), Richard Fichera, and Steve Buhaly, and operates two physical locations — the headquarters at 748 Market St in the historic Azure pool building in Tacoma's Theater District and a Collaboration Center at 710 Pacific Ave — supplemented by virtual office addresses in Redmond (near Microsoft) and Fox Island.

The product portfolio is organized around four core lines: private offices (1-20+ person teams, daily-to-12-month leases, 24/7 access), coworking memberships (hot desks, dedicated desks, monthly and day-pass plans), meeting and event rooms (hourly/daily rentals across roughly six configured rooms plus a 5,000 sq ft event space for up to 150 people), and virtual offices (Lite and Plus tiers with mail handling, scanning, and registered agent services). Beyond physical workspace, the company bundles professional services through its partnership with KAP, Inc., providing Xero-based bookkeeping, accounting, payroll, and CPA collaboration as part of its membership offering.

The business model is a mix of subscription recurring revenue (office rentals, coworking memberships, virtual office plans ranging from $36 to $70/month) and usage-based revenue (meeting room and event space rentals). Go-to-market is primarily product-led and self-serve through tractionspace.com, with supporting phone sales, walk-in inquiries, and a referral partner network that includes local businesses such as Outer Dark Coffee, Premier Media Group, State Farm, Minuteman Press, and WTIA. The company is founder-owned with no disclosed institutional funding and operates with a 1-10 employee headcount.

Name

TractionSpace

Legal name

TractionSpace, LLC

Website

https://tractionspace.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

TractionSpace is a Tacoma, Washington-based flexible workspace operator offering private offices, coworking memberships, meeting rooms, virtual offices, and bookkeeping services to small businesses, startups, freelancers, and remote workers across four locations in Washington State.

Ownership category

akta.pro rank

Product category

Flexible Workspace / Coworking Services

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

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

Keywords

• Flexible office space
• Coworking memberships
• Virtual office services
• Meeting room rentals
• Small business workspace

Headquarters

HQ city

Tacoma

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Office Space Rentals: Private and team office rentals with flexible terms including daily, weekly, monthly, and 6-12 month options. Fully furnished offices with 24/7 access.
2. Coworking Memberships: Monthly and flexible coworking memberships with access to shared workspaces, hot desks, dedicated desks, and community amenities including free coffee.
3. Meeting Room Rentals: Hourly and daily rental of equipped meeting rooms, conference rooms, and event spaces. Book by the hour or day with support services available.
4. Virtual Office Services: Monthly subscription for prestigious business addresses with mail handling, forwarding, registered agent services, and access to meeting rooms. Plans range from Lite to Plus tiers.
5. Bookkeeping Services: Partnership with KAP, Inc. providing accounting, bookkeeping, payroll, and Xero cloud accounting services integrated into membership fees.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

TractionSpace provides flexible coworking and office space solutions in Tacoma, Washington. The company offers private offices, shared coworking memberships, meeting rooms, and virtual office services for small businesses, entrepreneurs, freelancers, and remote workers seeking professional workspace without long-term lease commitments.

Product overview

TractionSpace is a Tacoma-based flexible workspace provider offering a unified platform of workspace solutions comprising four core product lines: Office Space (private and team offices), Coworking (membership-based shared workspaces), Meeting Rooms (bookable conference and event spaces), and Virtual Offices (prestigious business addresses with mail handling services). These core offerings are supplemented by add-on services including Bookkeeping Services (powered by Xero Cloud Accounting through partnership with KAP, Inc.) and Registered Agent services available at Tacoma locations. The product portfolio ranges from hourly day passes to monthly memberships and long-term office leases, serving freelancers, entrepreneurs, small businesses, and startups across four locations in Tacoma, Redmond, and Fox Island, WA.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Office Space Enclosed, dedicated office space rented on a flexible monthly basis to small businesses, startups, and teams needing a private, secure work environment without a long-term commercial lease.
• Coworking Memberships Shared workspace access sold as recurring memberships (hot desks and dedicated desks) for freelancers, remote workers, and small teams who need a professional work environment with shared amenities.
• Meeting Room Rentals Hourly or daily rental of conference and meeting rooms equipped for client meetings, presentations, and team sessions, available to members and walk-in customers.
• Virtual Office Services Subscription-based service providing a professional business mailing address and virtual office presence for small businesses, entrepreneurs, and remote workers who do not need a physical office but want a professional Tacoma address.
• Bookkeeping Services (Partner Referral) Bookkeeping services offered to TractionSpace members and small-business customers through a partner relationship, providing back-office financial support alongside workspace services.

Quantifiable outcome

• Flexible lease terms from daily to 12-month options
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• KAP, Inc.coreStrategic or Co-development PartnerPartnership providing comprehensive bookkeeping services including accounting, bookkeeping, payroll, and Xero cloud accounting. Services are integrated into membership fees and include weekly reconciliations, budget preparation, and CPA collaboration.
• AquaggaminorGTM or Marketing PartnerLocal partner providing business services with contact at (253) 588-5340
• ArtistryminorImplementation/ SI/ Consulting PartnerArchitecture partner providing design and space planning services
• State FarmminorGTM or Marketing PartnerInsurance partner providing business insurance services and referrals
• Outer Dark CoffeeminorGTM or Marketing PartnerTacoma coffee roaster at 750 Market Street offering wholesale and online sales. Sustainably grown, ethically sourced coffees for members.
• Premier Media GroupminorGTM or Marketing PartnerWashington-based publishing company producing South Sound, 425 Business, and South Sound Business magazines. Provides media exposure and community connections.
• WTIA (Washington Technology Industry Association)minorGTM or Marketing PartnerConsortium including not-for-profit member trade association, tech apprenticeship intermediary, and business services corporation. Contact: (206) 448-3033
• Minuteman PressminorGTM or Marketing PartnerDesign, printing, copying, signs, banners, and promotional products. Contact: (253) 383-4377

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• IWG (Regus):
• WeWork: WeWork is the global coworking and flexible office incumbent offering private offices, coworking, and meeting rooms across hundreds of locations. Directly comparable to TractionSpace's core product portfolio but operates at vastly larger scale and brand recognition.

Direct peers

• Industrious: Industrious operates premium flexible workspaces including private offices, coworking, meeting rooms, and virtual offices across the US and globally. Closest direct peer to TractionSpace in product mix, pricing tier philosophy, and SMB-to-enterprise customer focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/tractionspace
• YouTubeyoutube.com/@tractionspace
• Facebookfacebook.com/p/TractionSpace-100071330614467
• LinkedInlinkedin.com/company/tractionspace
• Instagraminstagram.com/tractionspace
• TikToktiktok.com/@tractionspace

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 TractionSpace