Premium Amenities 3rd Space offers high-end amenities and flexible workspace options in a boutique environment, appealing to startups, small businesses, and professionals seeking a personalized coworking experience in a prime location.

Local Market Focus Located in Newark and housed in a historic textile factory, the company leverages its unique space to attract clients looking for distinct, culturally rich office environments, presenting opportunities for targeted regional outreach.

Growing Sector Operating within the expanding coworking industry with other competitors ranging from small to large players, 3rd Space can tap into increasing demand for flexible workspace solutions, especially for local businesses seeking boutique alternatives.

Digital Engagement Utilizing Google Ads and Squarespace tools indicates a strategic focus on digital marketing and online visibility, offering prospects for partnerships or enhancements in digital campaigns to attract more tenants.

Potential Upsell With a revenue range of 1M to 10M and a personalized service model, there are opportunities to upsell additional services such as conference room rentals, event hosting, and premium memberships to existing tenants.