The increasing need for effective space utilization is no more a challenge with the space-as-a-service model.
FREMONT, CA: Space-as-a-Service (SAAS), advanced proptech, is rapidly getting the attention of real estate experts. The revolutionary proptech solution helps real estate professionals in managing property space utilization issues by bringing adaptability to explore different business opportunities in the global market. The changing lifestyles of today's customers encourage real estate businesses to improvise their current business model with compliant and customer-centric solutions. SAAS-based models help the real estate business experts explore new possibilities to target digital-age consumers with optimized solutions that trigger real estate property smart utilization while boosting revenue.
1. Remote and Flexible Working Solution
Today, more and more businesses and enterprises are promoting the idea of remote and flexible working options that increase the concept of co-working model. Co-working space providers use SAAS to maintain the schedule of space utility by various organizations and recognize the availability of spaces in the building for future allotment.
The end-to-end service model guides the freelancing experts or solopreneurs to make maximum use of their workspace and only spending for the days and times that they utilize the workspace. The space utilization solutions increase the adoption of the space-as-a-service model across the real estate technology experts dealing with workspace demands, as the model can efficiently balance the growing workspace demands with customer satisfaction.
2. Solution for Continually Shifting Professionals
Today, relocation of corporate experts makes it difficult for them to hunt for a house and set up home appliances consistently. The professionals' constant relocation restricts them from buying essentials like kitchen appliances, furniture, and more. Like co-working spaces, SAAS models provide co-living spaces, a perfect solution to face the existing challenges of continually shifting professionals.
Co-living spaces work on the micro-rental system where the customers pay only for their used day. Co-living areas offer all the conveniences like home, including kitchen appliances, furniture, various rooms for multiple purposes, and more. The initiative attracts massive attention of the consumers searching for residential locations and automatically raises the revenue of living space providers.
3. Space as-a- Service Business Model
Both large and small retailers are addressing the space-as-a-service business model. SAAS model offers optimized space with various facilities for retail stores. The SAAS model places often offer modular walls and lightings, repositioned in accordance with the retailers' requirements, enabling flexible ways to increase the usability of retail stores. The high-level concept eradicates the system of long-term leases and high rents, saving the capital expenditure of retailers and giving easy and numerous renting possibilities for space providers.
The real estate's new tech partner, space-as-a-service, creates an active usage cycle of real estate properties, limiting the regular need to change the infrastructure according to different tenants. SAAS delivers innovative installation property solutions and applications, which helps the real estate property providers obtain future demands of high-tech clients. As the rapidly evolving lifestyles of the consumers impact their needs, the real estate business experts continue to search for radical solutions and keep drawing the attention of new customers for business growth.