El Espacio 23

What El Espacio 23 does

El Espacio 23 is a privately held contemporary art space founded in 2019 by Jorge M. Pérez, Chairman and CEO of The Related Group. It operates from a repurposed 28,000 sq ft warehouse at 2270 NW 23rd Street in Miami's Allapattah neighborhood and functions as the public platform for the Jorge M. Pérez Collection, which holds 8,796+ works by 2,689+ artists with documented depth in African and African diasporic art, Latin American art and its diasporas, alongside works from the United States and selected European contexts.

The organization delivers a tightly integrated program of exhibitions, artist residencies (three on-site apartments plus shared workspace with production budgets), public programs (artist talks, walkthroughs, screenings, performances), research fellowships, publications, and a Matterport virtual tour — all free of admission fees and open to the public Thursday through Saturday. Its revenue streams are limited to on-site and online publication/merchandise sales, donations, and operating support from Pérez and related foundations; no funding rounds, debt, or external investment are disclosed. Distribution is single-site (Miami) with a nascent traveling exhibitions program and digital extensions (Instagram, YouTube, email newsletter, virtual tour) supporting audience development.

Go-to-market is community-led: the institution builds audience and reputation through free access, recurring programming cadence, press coverage in outlets such as the Financial Times, Miami Herald, Artnet News, and PBS, and selective international curatorial collaborations (e.g., Galeria Vermelho, Zeitz MOCAA guest curators). The headcount is reported at 1–10, and operations remain entirely dependent on founder philanthropy rather than market-derived revenue, making the entity more akin to a private foundation/arts platform than a conventional commercial enterprise.

Name

El Espacio 23

Legal name

El Espacio 23

Website

https://elespacio23.org

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Contemporary Art Museum

NAICS

Museums (712110)

akta.pro industry

PRIMARYTHAJADAA

Art Museums

Travel & Hospitality/Tours, Attractions & Experiences/Museums, Galleries & Cultural Institutions

SECONDARYTHAJADAJ

Cultural Centers & Multidisciplinary Arts Institutions

Travel & Hospitality/Tours, Attractions & Experiences/Museums, Galleries & Cultural Institutions

SECONDARYCRALAJAG

Museum, Zoo & Attraction Gift Shops

Consumer Products & Retail/Specialty Retail (Hobby, Books, Office, Pet, Toys)/Gift, Novelty & Souvenir Retail

SECONDARYBPAGAHAA

Museums & Heritage Sites (History, Science, Specialty)

Business & Public Services/Nonprofit, NGO & Social Services/Arts, Culture & Heritage Nonprofits

Keywords

• Contemporary art museum
• Artist residency programs
• Public art exhibitions
• Cultural public programming
• Private art collection

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales

Revenue model

1. Art Space Operations: El Espacio 23 operates as a non-profit contemporary art space providing free admission to exhibitions, residencies, and public programs. Revenue is generated through the sale of publications and merchandise from the on-site shop, donations, and support from founder Jorge M. Pérez's Related Group and associated foundations.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

El Espacio 23 operates a free-admission contemporary art space in Miami's Allapattah neighborhood, presenting exhibitions drawn from the Jorge M. Pérez Collection (8,796+ works by 2,689+ artists), housing three residency apartments with shared studio space and production budgets for artists and curators, and running free public programs including artist talks, walkthroughs, screenings, performances, research fellowships, and publications. Revenue is generated through on-site and online sales of publications and merchandise, donations, and sponsorship from the founder's foundations and The Related Group.

Product overview

El Espacio 23 is a contemporary art space founded by collector and philanthropist Jorge M. Pérez, located within a repurposed 28,000 square foot warehouse in Miami's Allapattah neighborhood. The organization operates as a unified platform offering exhibitions, artist residencies, public programs, research fellowships, publications, and virtual tours—all drawing from the Jorge M. Pérez Collection. The collection serves as the foundation, while the various programs (exhibitions, residencies, fellowships, public events) function as interconnected modules that create bridges across generations, geographies, and cultural contexts for artists, curators, and the general public.

Differentiator

Problem solved

Functional benefit

Products and services

• Exhibitions Regular and traveling exhibitions showcasing works from the Jorge M. Pérez Collection, featuring contemporary art with significant holdings in African and African diasporic art, Latin American art, and its diasporas; presented free of charge to the general public, artists, and curators at the Miami warehouse space.
• Artist Residencies Funded residency program offering living space in three on-site apartments, shared studio space, and a production budget for artists and curators across various career stages and disciplines, supporting development and presentation of new work in Miami.
• Public Programs and Events Free public programming including artist talks, exhibition walkthroughs, screenings, performances, and educational initiatives designed to foster conversation and extend ideas from the exhibitions and residencies into the wider community.
• Research Fellowships Fellowship programs supporting scholars and researchers in dialogue with the Jorge M. Pérez Collection and contemporary art practices.
• Publications Books, exhibition catalogs, and publications related to the Jorge M. Pérez Collection and the artists represented; sold through the on-site and online shop and contributing to the organization's revenue.
• Virtual Tour

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Galeria VermelhominorStrategic or Co-development Partner · 5 December 2024Galeria Vermelho collaborated with El Espacio 23 on the Carlos Motta performance 'Gravedad' (December 5, 2024), which was newly commissioned by El Espacio 23 as part of its Art Basel programming.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Zeitz Museum of Contemporary Art Africa (Zeitz MOCAA): Major contemporary art museum in Cape Town with strong holdings in African and African diasporic art. Relevant peer given El Espacio 23's curatorial emphasis on African diasporic work and its previous guest-curator relationship with Zeitz MOCAA.
• The Broad: Free-admission contemporary art museum in Los Angeles housing the Broad collection. Comparable as a high-profile, philanthropy-funded, free-access contemporary art museum drawing on a single major private collection.

Direct peers

• Rubell Museum: Privately founded contemporary art collection and museum in Miami displaying the Rubell family's holdings. Operates a similar founder-collector model with a substantial private collection open to the public in Miami.
• Margulies Collection at the WAREhOUSE: Private contemporary art collection in Miami's Wynwood presented in a warehouse setting. Closely comparable to El Espacio 23's repurposed-warehouse, private-collection-public-access model.
• Faena Forum: Multi-disciplinary cultural and arts venue in Miami Beach hosting exhibitions, performances, and residencies. Comparable as a Miami-based, privately-funded, free-to-public cultural programming platform.
• Institute of Contemporary Art, Miami (ICA Miami): Free-admission contemporary art museum in Miami's Design District programming exhibitions, residencies, and educational initiatives. Directly comparable operating model and audience to El Espacio 23, differentiated by geography (Design District vs. Allapattah) and curatorial focus.
• The Bass Museum of Art: Contemporary art museum in Miami Beach presenting exhibitions, public programs, and educational initiatives. Comparable mid-sized contemporary art institution serving the same South Florida audience.
• de la Cruz Collection: Free-admission private contemporary art collection in Miami's Design District. Directly comparable founder-funded, free-access contemporary art space with an emphasis on international artists.
• Pérez Art Museum Miami (PAMM): Miami's flagship contemporary art museum founded by Jorge M. Pérez, who also founded El Espacio 23. PAMM and El Espacio 23 share founder DNA, Miami geography, and a focus on Latin American and diasporic contemporary art, making them the closest direct institutional peer.

Emerging players

• The Warehouse (Dallas): Private contemporary art foundation and exhibition space in Dallas presenting the Howard and Cindy Rachofsky collection in a repurposed industrial building. Closely comparable founder-collector, warehouse-format, free-public-access model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@elespacio2323
• Instagraminstagram.com/elespacio23
• Xx.com/ElEspacio23

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 El Espacio 23