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With the exodus of tenants who have adapted to remote and flexible working, landlords and business owners are left in a predicament. What should they do with their empty office space and how can they claw back some of the lost revenue?.

Recouping lost revenue by utilising empty office space

There’s no doubt that the pandemic has reshaped how and where we work. As a result of the work from home guidelines many commercial real estate landlords, building and business owners have been left out of pocket with empty spaces which were once regularly populated offices.

Prior to the remote work from home movement even when tenants were occupying the space they were only doing so for a set number of hours a day. This begs to question. What can be done to use the space outside of office opening hours to make use of the space and create additional revenue?

Landlords must think outside the box, it is about making a former workspace dynamic. A space that was once used for one purpose but now has the potential to house multiple purposes.

One simple solution is setting the empty office space up as a coworking space. Little preparation is needed as the existing space is already an office that benefits from facilities such as fast internet access, desks with computer monitors and printing facilities on-site as well as being conveniently located for commuters. Pay as you go hot desking allows for a steady stream of revenue for the hours you want. Business owners or landlords just have to get Doordeck setup for the time periods they want to allow customer’s access for and then count the dollars coming in.

The visitor management system solution
‍Doordeck’s visitor management system makes driving additional revenue from managing an empty office space straightforward. However the space is being utilised, a landlord or building manager can remotely control access to the space, with the option of setting time periods for customer access. This allows secure cloud-based access control for guests and for the building manager, landlord or whoever has been approved as the Doordeck admin to maintain control over how their building is being used, when and for how long, without compromising the building’s security.

A good example of this concept in action at an insurance brokerage whose offices are used during the day Monday – Friday but not in the evenings which is ideal for a nutritionist consultancy firm who mainly has online client consultations in the evenings. The Health Nutritionist, a London based nutritionist consultancy uses Doordeck to access the building and the pre-booked and paid for meeting room on a pay as you go basis.

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