SAN FRANCISCO, CA -- For tech and media businesses and startups in LA or San Francisco, excess space often prevails. It's the nature of incubators. Businesses can scale up rapidly.
With expansion, comes the need to dispose of office space that worked during earlier stages. Businesses may also need to downsize. Finally there's a steady stream of newly- launched ventures needing 1,000-5,000 square feet or more.
So SpaceGrab seems to makes sense.
While it might seem an encroachment into leasing agents territory, it should enhance tenant reps as they service their client's needs. Landlords and their agents will find the platform another useful tool.
Of course, SpaceGrab is itself venture. It will need to draw listings rapidly, and expand into the Bay Area and other fluid office space markets. How quickly SpaceGrab can expand will determine the site's popularity. Listings are currently only available for the Los Angeles market.
It would be helpful if listings at the SpaceGrab website indicated square footage available. You must click on the building's photo for detail. That's the difference between Airbnb and SpaceGrab. Photos at Airbnb create initial interest. But for those needing office space, available square footage is prime.
SpaceGrab could be an important tool for startups, and bring relief to companies downsizing or expanding that need to address vacant space. It will depend on the variety and extent of their listings.