SAN FRANCISCO—More than 750,000 workspace reservations were processed through LiquidSpace last year with customers ranging from individual freelancers to Fortune 500 executives and teams. The world's largest marketplace connecting people with flexible workspaces has hit several milestones recently. It surpassed its 1 millionth transaction and acquired $14 million in additional funding, both last year, and launched a redesigned iPhone app as of today.
Through LiquidSpace, workers can find professional venues to meet and work. LiquidSpace customers see real-time availability of more than 5,500 flexible offices, meeting rooms and coworking spaces in 600-plus cities in the US, Canada and Australia. From there, space users can instantly book and confirm by the hour, day or longer through LiquidSpace.com or its mobile app.
To delve into the success of LiquidSpace and find out what the company has planned for future growth, GlobeSt.com chatted with Mark Gilbreath, CEO/founder of LiquidSpace.
GlobeSt.com: What is fueling LiquidSpace's growth?
Gilbreath: From a market standpoint, the macro issue was the global financial crisis. This was a wake-up call for efficiencies in commercial real estate (CRE) and the compression of space in portfolios has been one result of that. From a micro perspective, markets are igniting so space is scarce in larger markets. This is resulting in more flexible workplace solutions with the theme of workplace freedom. The place of it and the pace of it can be determined by individual workers.
GlobeSt.com: What are the plans for this year?
Gilbreath: We are rolling out monthly space on demand in New York and San Francisco. We've seen a need for longer term use of space for more than just task work. “Minutes to Months” offers move-in ready space for flexible terms of a month or more.
GlobeSt.com: How do your services enhance the services of the CRE industry?
Gilbreath: When you consider that 80% of North American leased space is 5,000 square feet or less and not on the radar of the traditional leasing model, we are filling that smaller space requirement niche with maximized efficiencies.
GlobeSt.com: What partnerships do you have in place to collaborate directly with CRE companies?
Gilbreath: Any strategic partners can offer space on LiquidSpace. Workspace on Demand by Marriott and WeWork are examples of corporate partners. We also have many private company partners that have extra space, conference rooms, etc. to offer.
GlobeSt.com: What types of enhancements are available in the upgraded iPhone app?
Gilbreath: It gives professionals the ability to find and book workspace with one finger in one minute, or three total clicks. We've also added tasks for the meeting booker, such as inviting and tracking meeting guests, as well as attendee directions and access codes. And there is an extend feature if the meeting is running long.
GlobeSt.com: What other enhancements are coming down the road for LiquidSpace?
Gilbreath: In the future, we'd like to integrate with work-related services such as catering, personal assistants, courier services or ground transportation, all of which could be booked at the same time someone books a workspace.
To celebrate the app relaunch, LiquidSpace is offering a 30% discount on any workspace booked through its mobile app by May 10, 2015. The code GOMOBILE is valid for one use per person.
Earlier this year, Gilbreath discussed online office leases and the new style of office rentals.
Founded in 2010, LiquidSpace is backed by leading investors and partners including Greylock Partners, Floodgate Fund, Shasta Ventures, Roth Capital, GPT Group, Black Diamond Ventures, Lucas Venture Group, Steelcase, CBRE and Avison Young.
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