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Space as a Service

How Startups Will Impact the Real Estate Industry

These days, most entrepreneurs are opting to use co-working spaces as opposed to renting out traditional offices and committing to leases. This means that there is a growing opportunity for people who want to provide these co-working environments in what’s called space as a service.  A co-working space provider is capable of taking the risk on behalf of entrepreneurs, they can (with enough entrepreneurs on the floor) afford to pay for a long lease to occupy a building or office, something that a sole entrepreneur might not be able to do. In Kenya, current space as a service options for entrepreneurs includes Nairobi Garage, iHub, The Kijiji, Nailab, Ikigai and iBiz Africa. These co-working environments ensure that they take care of providing the services that entrepreneurs would ...