We propose TCSP, a novel method for compressing a transformer model by focusing on reducing the hidden size of the model. By projecting the whole transform model into a subspace, we enable matrix operations between the weight matrices in the model and features in a reduced-dimensional space, leading to significant reductions in model parameters and computing resources. To establish this subspace, we decompose the feature matrix, derived from different layers of sampled data instances, into a projection matrix. For evaluation, TCSP is applied to compress T5 and BERT models on the GLUE and SQuAD benchmarks. Experimental results demonstrate that TCSP achieves a compression ratio of 44\% with at most 1.6\% degradation in accuracy, surpassing or matching prior compression methods. Furthermore, TCSP exhibits compatibility with other methods targeting filter and attention head size compression.