Germany’s Optionspace wants to be an ‘Airbnb for office space’

Optionspace, a new Berlin-centered startup, sees its formal launch these days with a service that is one thing akin to an ‘Airbnb for place of work space’.

Particularly, potential tenants — which, of program, involves startups — are able to rent furnished and unfurnished place of work place by means of the on-line service for shorter durations, starting off from a a single month rental period of time.

It is presently rolled out in Berlin, Munich, Hamburg and Frankfurt, but Optionspace claims it strategies to grow to even further German metropolitan areas “within the future weeks”.

“Most lease agreements in the place of work place are lengthy-time period and rigid,” claims Optionspace co-founder and CEO Moritz ten Eikelder, who was beforehand World Head of Finance at Rocket Internet’s property providers company Helpling. “This, on the other hand, is not compatible with the scheduling horizon of most businesses. For several businesses, consequently, entering lengthy-time period rental contracts can pose a major fiscal risk”.

In comparison, the Optionspace market only provides place of work place that can be rented flexibly. This involves lease agreements that are open up-ended but have shorter notice intervals. You can also specify sought after place of work type, number of people, and minimum place of work sizing. The whole transaction will take place on-line, while there is nevertheless the selection to have an in-human being viewing beforehand.

“On the offer aspect, we have two kinds of consumers: We allow businesses, that have abnormal place, to monetize unused rooms. Also, we work with house entrepreneurs or asset managers, who advantage from tenants’ increased willingness to shell out for adaptability,” provides ten Eikelder.

Optionspace’s business model is very regular. As soon as a lease settlement has been signed, the startup receives a month-to-month ten for every cent cost of the rent from the landlord, capped at a most of 12 months.

On competition, the Optionspace CEO had this to say: “Looking at the present-day offer for flexible workspace, we mostly compete with business centers and co-working spaces for tenants. We have worked in this kind of spaces for a number of months, but hardly ever felt like it was a true option for an place of work. Apart from the high fees, most business centers or co-working spaces do not meet the demands of a company at the time it reaches a certain size”.

The company is backed by Vito One (the seed financial investment arm of the Viessmann Team), pre-seed investor Makers, factory founder Udo Schloemer, Helpling founders Benedikt Franke and Philip Huffmann, Andrew Goldstein (co-founder of LMU Entrepreneurship Heart), and Paul Bauwens-Adenauer and Dr. Patrick Adenauer (entrepreneurs of BAUWENS Unternehmensgruppe).







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