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Launching an on-demand furnished living platform in a multifamily building can offer several advantages and disadvantages. It is crucial to consider these when making an informed decision. In this blog, we explore the pros and cons of on-demand furnishing in multifamily buildings. The pros: More and more people in the US are seeking furnished accommodations. […]
If you’re running a short-term rental, you know how important it is to keep your unit economics in check. The unit economics of a short-term rental unit can vary depending on various factors, such as location, property type, rental rates, occupancy rates, operating expenses, and management fees. In this blog, we explore what to consider […]
Plug-and-play office spaces are becoming increasingly popular for office landlords to attract small to medium-sized businesses. They offer a variety of benefits, including flexibility, cost savings, and convenience. If you’re considering setting up a plug-and-play office space, here’s what you need to know. Property owners can benefit from leasing out their spaces to small businesses […]
One of the most overlooked opportunities in multifamily communities is the lobby and common areas. A well-designed common area can contribute to a sense of community, help you stand out against other rental options, and even increase rental rate. From the furniture to the art, there are many ways to optimize the lobby and common […]
As the US office market experiences higher and higher vacancies, it makes sense for landlords of speculative office spaces to keep units furnished and set up. All factors considered, keeping office spaces empty can be costlier in the long run. The benefits of furnished office spaces arguably outweigh maintenance costs. Don’t believe us? Check out […]
As expected, hotel occupancy and revenue are still recovering from the impacts of COVID-19. U.S. hotel leisure travel revenue is in 2022 projected to end 14% above 2019 levels, but business travel revenue is expected to come within only 1% of 2019 levels, according to a new analysis released by AHLA and Kalibri Labs. These […]
It’s no secret that the economy is in a state of flux. Prices are rising, and we’re met with a lot of uncertainty about what’s to come. The 3rd Quarter (Q3 of FY22) ended with an inflation rate of 8.2% which is exponentially higher than the 3.2% average (source). As current leases end and you […]
Coworking spaces have seen a rise in the recent past and for good reason, It can be tough to stay focused at home: you might find yourself getting up to make coffee every hour, or taking too many breaks to watch Netflix. One way to combat this is by coworking with others. In this blog […]
With the revenue of the hospitality industry expected to reach $168 billion by the end of 2022, there is no doubt that the hotel industry is booming. Consequently, the demand for hotel rooms is also on the rise. As a result, hoteliers are constantly looking for ways to improve their properties and make them stand […]
If you’re figuring out how to furnish your office space, you may be wondering whether it’s a better idea to buy or rent furniture. The latter has recently gained a lot of popularity, with a surge in companies providing their employees with work-from-home options and the idea of a more flexible workspace taking root. Why […]
