As a result of the WFH guidelines many commercial real estate landlords and building owners have been left short of rental income.
The pandemic has flipped historically desirable and reliably strong commercial rental yields into unpaid for, unoccupied liabilities.
How can these vacated spaces be utilised to earn back the lost revenue
Landlords must think creatively about their space and ways it can be used. Here are some ideas for what your empty office space could be great for…
Coworking space - the most common solution, as little preparation needed to convert into a flexible workspace due to the existing space already having the required ingredients for coworking.
Studio Space - that can accommodate dance, yoga and fitness classes at a much cheaper rate than hiring out gym rooms, conference rooms, village or town halls etc..
Education & Health - Training, consultation, or well-being classes can be hosted. Empty office space meeting rooms or foyers can be great for those that need to hire a room for an evening class or consultation.
Coworking space - the most common solution, as little preparation needed to convert into a flexible workspace due to the existing space already having the required ingredients for coworking.
Studio Space - that can accommodate dance, yoga and fitness classes at a much cheaper rate than hiring out gym rooms, conference rooms, village or town halls etc..
Education & Health - Training, consultation, or well-being classes can be hosted. Empty office space meeting rooms or foyers can be great for those that need to hire a room for an evening class or consultation.
Shared office spaces can now feature in the leisure and hospitality sector. Through diversification, excess space in these facilities can be adapted to form flexible workspaces to help increase hotel bookings, revenue and corporate gym memberships. Employees benefit from perks like the gym, spa, bar or restaurant. Whilst employers benefit from providing employee well-being and no long term lease commitments.
Learn more about some of the sectors we work with and how they can benefit from Flexi Workspace
Since the pandemic, a new concept has been born. Doordeck Flexi Workspace, bringing unused real estate space back to life.
Doordeck’s smart visitor management system makes earning extra revenue from empty commercial real estate (CRE) space easy. A landlord, building manager or business owner can remotely control access for every user to one or multiple buildings and spaces for specified dates and periods of time. Secure cloud-based access control enables 24/7 onboarding and ability to manage access from anywhere at anytime means access for whole portfolios can be managed effortlessly.
Once access is granted by the building admin to the user that’s booked the space, keyless entry is able to be used to enter the building.
The digital key invitation to the building is emailed to the user where they can see the time period they have access to the space for. By either scanning the QR code with their smartphone's camera or using NFC technology with the app, keyless entry to the building is granted.
If you’d like to learn more about how Doordeck can provide a second revenue stream for you, please contact us.
