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A New World In Commercial Real Estate

Wednesday, January 11, 2017 4:53
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(Before It's News)

When we were raising our fund, I still made a couple of angel investments.  One of them launched their platform yesterday.  Build Truss is going to disrupt the commercial real estate market.

The low end of the commercial real estate market really sucks.  For owners that want to lease smaller spaces, it’s really hard.  Commercial Real Estate brokers don’t make money leasing a 5000 or 10000 square foot space.  They make the big bucks by leasing out large floors in buildings over multiple years.

For people looking for that small office, it sucks as well.  No one wants to pay attention to them.  Searching for an office is time consuming.  It’s one dead end after another.  Doing the paperwork for the lease is painful as well.

Build Truss fixes all that.

I have made prior investments in the commercial real estate space.  It’s a core competency of Chicago.  My prior investments all dealt with satisfying independent workers, small teams, and individuals looking for a place to hang. Deskpass and Nextspace align perfectly with trends we are seeing in the global economy.   Deskpass is awesome for all kinds of workers that want a place to work that is not a crummy coffee shop.  I find I get a lot more done in a co-work space than I do at home, or in a food establishment.  Nextspace can provide an office to a small team, but what about when you get to be larger?

That’s where it becomes a massive pain point.  Co-work spaces cannot solve for it.

“Office space is the second largest expense to small businesses and we believe this complex business transaction should be as simple and transparent as possible,” said Truss Co-Founder Bobby Goodman.

I had startups that outgrew co-work spaces.  But, they had a really painful time trying to find a new office.  For early stage startups once you get past a certain point, it’s important to have an office.  It gives the team a sense of place.  It helps create culture.  It helps set up boundaries.  It also gives the team a sense of accomplishment.  They grew enough to have a real office.  As my daughter says, #adultingishard and so is building a company.



Source: http://pointsandfigures.com/2017/01/11/a-new-world-in-commercial-real-estate/

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