HOUSTON – (By Dale King, Realty News Report) – Science fiction fans may think of space as the final frontier. But on Earth, unused or underutilized space in an office or warehouse can be a waste of money.
SpaceShare provides a peer-to-peer platform that helps tenants, individuals and companies share unused space and amenities. The service can be found on two websites – spacesha.re, for people and firms that need some extra square footage for their staff, processes or products, and SwiftLease, (www.swiftlease.com) where businesses with an empty office, available desk or even a vacant cubicle, can post the information on the web so other companies short on capacity can move in.
“SpaceShare,” says Larry Koestler, vice president of marketing and communications for NAI Partners, which owns the company, “is a new, one-of-a-kind modality that expedites the sharing of idle space and amenities.” “
“It’s a pretty unique offering,” he adds. “Unlike co-working or traditional sublease opportunities, SpaceShare matches individuals and businesses with unused existing office space within a company’s current lease. This enables individuals that don’t need a lot of space to enter into extremely flexible working arrangements – often with access to amenities – while enabling companies to literally convert unused space they weren’t doing anything with into revenue.”
“SpaceShare is focused on unlocking the revenue potential in those extra offices, unused warehouse areas or underused retail spaces,” he adds, “where the sharing of space and amenities makes sense.”
Launched in November 2018, the firm has already listed “more than 50 offices, including dozens of desks and cubes,” says Koestler.
SpaceShare is designed to “connect individuals or corporate users with companies that have ‘unused’ office, industrial or retail space.” Unlike traditional subleasing, he points out, SpaceShare doesn’t require complex sublease arrangements or expensive demising of space. Rather, SpaceShare arrangements are true “space sharing” arrangements where flexibility, lower cost and shared amenities and common spaces create a win-win for both parties.
“We help match you with unused space that companies are leasing themselves, but not making use of. It’s similar to taking an Uber. According to a study in Time Magazine, most peoples’ cars are parked 95% of the time, a statistic that helped give rise to the ride-sharing system.”
“The process is simple,” he says. “For individuals looking for space, they can search SpaceShare’s listings database, immediately contact SpaceShare’s experts after they find what they need and start enjoying their new space within days.”
“For businesses interested in listing space, SpaceShare provides an easy-to-use contact form that lets you provide the information and set the term, price and conditions, with SpaceShare then adding our listing to the site on your behalf. SpaceShare’s experts then match tenants with the unused space inventory and handles the entire life cycle of the arrangement.”
While there is no maximum or minimum size for the areas handled by the company, “Everything is negotiable and evaluated on a case-by-case basis,” says Koestler. “SpaceShare operates primarily in the 5,000-square-foot and under arena.”
But he adds: “If it can be considered office, industrial or retail space, and has a seat and a place for someone to work, SpaceShare can handle it.”
The firm is owned by NAI Partners of Houston, says Koestler, but it is not involved in the day-to-day operations of SpaceShare. “Some NAI Partners have ownership stakes in SwiftLease, SpaceShare’s parent company, but that is the extent of the connection. Space Share operates as a completely independent entity from NAI Partners.”