The pandemic has left many offices, gyms, retail stores and restaurants closed for extended periods. Some enterprising landlords and tenants have found ways to fill space and recoup a little lost income in the process.
In San Francisco, a WeWork location saw many of its technology company tenants cancel their leases as employees began long-term remote work. So, the landlord of the building decided to rent out a floor of the building for storage.
"They did a full build-out, and they converted the whole space into an actual storage locker," Neighbor.com CEO and co-founder Joseph Woodbury. "So it looks and feels very much like traditional self-storage." Neighbor.com is a startup that focuses on repurposing and monetizing empty space for storage
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
