Startups Can Rent Space by the Month

SAN FRANCISCO—Currently, leases of less than 5,000 square feet represent the majority of US office space transactions. More than 10% of all commercial office property sits vacant and hundreds of millions of square feet go unused in offices annually, with startup teams of one to 50 people typically needing such space between 100 to 5,000 square feet.

As of today, LiquidSpace has launched monthly rentals, enabling those startups and growing teams to rent a primary office space by the month. Monthly space is available in San Francisco, New York, Los Angeles, Orange County and Boston, with plans to roll out monthly office space across the global LiquidSpace network by the end of 2015. LiquidSpace has had its sights on expanding into monthly space for a while, but it considered how to accomplish that in a way that improves on the traditional approach while also extending a new, flexible option for building owners to monetize the excess space.