The Office Exchange is a 2 sided marketplace platform that is revolutionizing the commercial real estate market; closing the gap the future of work and work life balance.
We're raising 1M to change the future of work, whether remote or in the office, we are the future - "The Answer to The Future Of Work, or the True Airbnb of Commercial Real Estate"
Please see link to DocSend Pitch Deck for more details.
https://docsend.com/view/hbityq6ywfddbthg DocSend Full Pitch Deck above, we are already MVP ready and the platform is already being onboarded with Launch Partners and Prospective Clients.
Opportunity
At some point in time, every industry goes through a rebirth.
Work will change forever
People want to return to the office, just not every single day. We are seeing companies
like Reddit, Salesforce, and Spotify offering workers new options on how and where to perform work duties.
Office vacancy rates continue to rise in the US
In Q4 2019 & Q1 2020 vacancy rates in the US were 9%. Moody’s reported in Q4 2020 that office vacancy rates spiked to 17.5% and continues to grow. US office vacancy rate is expected to hit a historic high of 19.9% this year.
Fundamental shifts with how office space is leased
Long term leases are no longer a worthwhile expense for companies. Pinterest paid $90 million to terminate their office lease in San Francisco in 2020, and the volume of sublease space in the US has increased by 55% approaching a record 190 million Sq ft.
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Problem
No easy way exists for commercial real estate to book spaces short term.
Changing Workforce
Long term leases don’t offer flexibility into the changing demands of the workforce as we start to see shifts to more remote work options.
New Demands
Vacancies continue to rise - not because people don’t want office space, but because there is less of a need for permanent static space.
Non-existent Solution
Currently there is no on- demand marketplace solution that offers a simple way to fill vacancies and facilitate the changing workforce.
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Solution
An easy and new solution that makes economic sense for both hosts and guests.
For Guests
- ● Find workspaces quickly, easily and safely
- ● No long term or complex leases
- ● Only pay for the amount of space and duration needed
- ● Access to a variety of spaces for various needs
- For Hosts
- ● Fill vacancies immediately
- ● Can quickly adjust pricing to meet supply and demand fluctuations
- ● Free to list and a new outlet to make more money
- ● Attract new guests to their properties
- ● Discover new revenue model
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Product
Airbnb for Commercial Real Estate
Searches for space that fits their needs by location, category, and amenities.
Selects dates they need the space, payment info, and sends request to book the space.
After request is approved, guest and host can message regarding any booking details.
Guest finishes their
short term stay and The Office Exchange takes their % service fee.
Creates an account and goes through simple verification process to accept payouts.
Uploads space(s) to the platform and sets price per day and category of the space.
Host has full control to approve or deny any space booking requests.
Payout made directly into host account once the space booking has been successfully completed.
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Host Guest
Market Validation
Increasing access to flexible office space
$32 $9.6 billion billion
$288 million
Total Available Market
Since 2010, flexible office supply has
increased more than 600%, with a current market size of $32 billion and almost 71 million sq. feet of office space in the United States.
Share of Market
We plan on capturing at least 2.13
Million Sq feet of office space within the first two years, with a conversion rate of 30% with gross revenue of $288 million.
Available Market
Although there are more than 700 flex space
Operators, they only account for 70% of the market. Landlords have begun to experiment with their own offerings, but lack the technology and resources to compete.
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Competitive Landscape
The only commercial real estate 2-sided marketplace that fully automates short term office leasing.
Technology driven
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Geo-based Market Launches
Initial launch in Los Angeles, Denver, and San Francisco markets as a Phase I approach. Phase II and beyond will focus on a national roll-out focusing on large tech hubs and areas dense in commercial real estate.
Corporate Partnership Development
Partner Launch Program has been created to entice commercial real estate companies and individual landlords to list their spaces on the platform.
Digital Marketing & Sales
Initial funding will be used to build and execute a data-driven digital marketing and sales foundation to create and execute campaigns to drive traffic to both sides of the platform.
Map Legend
Phase I Phase II Beyond
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Monetization
The Office Exchange takes a percentage fee from every transaction completed on the platform.
Tenant
The platform is free for tenants to use. They will only be asked to create an account before booking a space.
Host
It is free for hosts to list spaces. They will only be charged a service fee once a space is fully booked.
Service Fee
Office Exchange will take a 9.5% fee on all booked spaces.
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Office Exchange is raising up to $1,000,000 for a pre-seed round to support an explosive launch in California, NY and SF markets
$1 million SAFE 25% discount $10 million cap
Use of Funds
40% - Product Development
Continuous development and support to the platform to maintain our premium product advantage .
40% - Sales & Marketing
To secure hosts and guests for effective market launches and continue our first to market advantage .
20% - Operations
To execute launches, retain clients, plan scale and reduce risk to business .
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Contact Us
Founder and CEO / Devin Davie
General Inquiry
Site
http://officeexchange.com
Please Email for Credentials
Thank you.
-Devin L. Davie Founder and CEO
© | 2021 | All rights reserved.