Saturday, 1 April 2017

5 Bright Ideas to Put your Unused Space to Good Use

Put your lesser used commercial spaces to use and turn your fixed asset to a lucrative professional renting venture to corporate houses and independent entrepreneurs. 

Install Amenities

Just a few changes can help transform your unused storage room or meeting room into a cool renting space for corporates seeking to work in comfortable environment - far from noise and personal stress. Some common amenities often needed in meetings, conferences and all professional purposes include flipcharts, projectors, AV Equipment, audio conferencing facility, video conferencing facility and printing & photocopying machines. Also if you have spots for car parking and valet it will make things convenient for your clients and will give you added preference. Keep extra tables & chairs available and you may charge extra for these depending on the requirement of clients.


Upgraded Inclusions

Include necessary items often used by professionals - individual wifi connect, whiteboard with markers, private telephone lines, multiple charging points for laptops, cellphones, tabs. Care for stressed corporates by installing refrigerator with beverages, menus of nearby restaurants or catering services and regular housekeeping to keep things tidy. Upgrade these regularly to keep things interesting and make your facility value-for-money.

Minimal Decor:

Keep the decor minimal and simple - walls and furnishings in neutral tones are easy on the eyes and also can be quickly adapted to the corporate or intimate look you want to offer your clients. A streamlined design without overly defined divisions and loud accessories such as art or chandelier lights helps as they make your spaces appear larger and drama-free. Storage spaces in discreet corners or inbuilt in walls, away from main area are a good way to maximise your space. If the space you want to offer is connected, connecting doors can be built to keep private and professional spaces separate.

Make it Multipurpose

Keep an open mind about the room you’re planning to lease out as the same space can serve many purposes, if designed and marketed the right way. Your space could be a meeting room, a conference room or one of the business conference venues, a space to hold an intimate/ private gathering, workshop space for kids to learn art or pursue hobbies, a place for study classes/tuitions for school/college students and even a temporary address for visiting officials seeking a corporate space for closing important deals.

 Feasible Commercials

You could adopt a flexible commercial approach for pricing - charge on a daily, hourly, monthly or yearly basis to give your clients a lucrative deal. Think of long-term benefits and keep pricing competitive - you could offer packages, charge lump sum amounts for for longer period bookings and include taxes on every booking. Barters are not recommended as it could hinder the income that could take care of your overhead costs. The ideal way to find clients for your space would be listing it on portals like www.meetingsandoffices.com as it makes the process simple and fair. So if your client is looking for a conference room, they can visit the portal, select the location, compare the options and book a conference room of their choice.


Share your views with us on sprucing up unused spaces and making them purposeful.

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