LiquidSpace Hits 2 Million Mark

Gilbreath says there is a huge appetite for flexible space.

SAN FRANCISCO—Since its launch in 2011, LiquidSpace , the largest real-time network for office space, has successfully helped individuals and teams from more than 53,000 companies locate and reserve office and meeting space. The company specializes in providing a vast range of workspaces that scale with businesses at every stage of growth, including its own impressive growth rate as total booked revenue has increased by at least 30% every month during the past six months. Mark Gilbreath , founder and CEO of LiquidSpace, tells GlobeSt.com: “The expansion in our business in the last 10 months has tapped into veins we hadn’t worked with in the past. There is a huge appetite for flexible space, for example, in the institutional building owners group. These owners can rent out previously vacant spaces with enormous implications. The big owner can connect with the small occupiers in ways they haven’t before.” LiquidSpace has now successfully powered more than 2 million space bookings on its platform. The company seeks an additional 100 million square feet of office inventory listings to support that growth. This activity is being driven by the company’s expansion into longer term space transactions last fall. Now for the first time, growing teams can locate permanent office space with simple, flexible terms ranging from a month to a year or more. In addition, the company’s enhanced network support and functionality now extends to the greater real estate community. “As demand for flexible office space accelerates, our network is well-positioned to serve and connect each member of the broader commercial real estate supply chain, from startups and enterprise teams to brokers, building owners and architects. In addition to activating 100 million square feet of new listing inventory, we’re ramping up supply initiatives to streamline onboarding and meet projected demand over the next year from startups and large enterprises,” says Gilbreath. Originally developed as a traditional, two-sided marketplace with hourly and daily space availability, LiquidSpace has grown to become the largest commercial real estate network for office space, providing greater flexibility than any other platform. LiquidSpace offers real-time access to on-demand workspaces including meeting rooms, coworking and private office space as well as ongoing office solutions for growing teams, from move-in ready office suites for 50-person teams to designated desks for individuals. “This week our team moved into a new office in San Francisco that we found and rented through LiquidSpace,” said Natalia Panowicz , COO at Codility . “Using LiquidSpace was super fast, simple and gives us the flexibility that we need as a rapidly growing company. What a difference compared to the traditional way of finding an office. A few months ago, when we knew we had outgrown being in a coworking environment, we went through the traditional channels of finding an office or sublease and were frustrated to receive an aggressive 50-page lease for three years. With LiquidSpace, we found a great space our team is excited about and decided to commit to six months and then month to month after that. This is the perfect solution for us right now.” LiquidSpace recently implemented additional network functionality to personalize the end-to-end booking process and intelligently connect additional members of the commercial real estate ecosystem. This provides the ability to create collections of favorite spaces and quickly share with team members or clients. In addition, it is possible to follow individual workspaces or new properties to be the first to know about availability. Finally, there are customized listing tools to create space listings, communicate directly with growing companies, schedule tours and manage every aspect of a booking including payment.