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tmwatson100 | 12 years ago
We're not at all about making landlords turn themselves into co-working spaces.
We want to make renting office space easy.
At it's most basic distillation this means "search and transact" - matching supply and demand as best as possible. We believe this is broken due to assumed knowledge, market fragmentation and asymmetric information as mentioned in the blog post itself.
This not only improves the experience for companies looking for space, but allows those who own space to be discovered a a lot quicker. The very fact that zillions of craigslist clones already exist goes to show that this problem just has not been solved yet.
What we mean by Spacious helping liquidity is a derivative of search and matching supply with demand. If you are confident that you will be able to find a tenant quickly because there is a platform that exists to effectively match supply and demand, then you may have slightly less hesitancy in letting out your space to someone for <1yr.
Of course, I absolutely agree that common sense, and a typical risk / reward scenario means that you will always want to lock in a tenant for as long a lease as possible. This tenant would ideally have great covenants and >5yrs of financial history.
The point I was referring to in my initial response was to the no. of companies now springing up that need <1yr leases because of uncertainty and how a space owner may benefit from that... whether this is from co-working or subletting if you are already a tenant.
Your insight is very much appreciated and I really do enjoy discussion around this!
roel_v|12 years ago
In most areas there are sites that are set up by real estate brokers. Their agents or licencees or franchisers or whatever input all properties in their central system and they all end up on that brokers website, and submitted to big sites as well. Is your schtick to squeeze out this middle man? To offer a platform to people who don't use agents? If so, how are you making money? Do people pay to list their properties, or do people finding properties pay you?
Look, not to be shitty about it, but you said e.g. this:
"We believe that Spacious can help liquidity in the market by making landlords and space operators confident that if they react to shorter contract lengths, they won't have to worry about long periods of vacancy as a potential tenant would be able to find them easily."
I see no other way to interpret this is 'we list your properties on our website so don't worry about losing 3-4-5 months of rent on a short term contract because we can find another one like that very fast'. Actually I didn't understand it like that at all when I had only read the OP, but the more you explain, the more I get the feeling this is it. What makes your site find tenants faster than other sites?