The AirBnB of office space....it was only a matter of time before it came about. With online collaboration becoming all the more common (how many meetings are now done by conference call?), the need for large scale office floors may be changing. Whilst some jobs will always require people to gather in a certain place, the fast growth collaborative working is making change happen to even traditional building plans.
Online "click- through" license agreements - replacing old and cumbersome leases - will be part of our future. It's exciting and presents legal challenges - tenancy rights, responsibility for security, data issues - all of these will form part of the discussion as these new businesses evolve and thrive.
Gilbreath’s company, LiquidSpace, falls into the latter category. Described as “the Airbnb of office,” LiquidSpace is a digital marketplace that connects individuals, startups, and growing teams to space on flexible terms. The platform fills a void left by traditional lease models, he said, which are too rigid for companies in the “awkward adolescent phase.” Two key innovations were necessary for LiquidSpace to be successful, said Gilbreath. First, there was a need to move away from the time-consuming lease model to a click-through license model that can be transacted instantly. Secondly, LiquidSpace had to rework the real estate transaction process, with features like exclusive access to inventory online, the ability to follow and “favorite” neighborhoods and properties, and direct communication with hosts without middlemen.