Serviced Office Leasing Business Success Stories [2024]
Need flexible office space without the hassle? Consider a serviced office leasing business. This involves renting fully furnished and equipped office spaces to clients who require a professional work environment without long-term commitments.
The model is straightforward: you lease or purchase commercial properties, furnish them with essentials such as desks, chairs, and high-speed internet, and offer these spaces to businesses on short-term leases. Clients benefit from a ready-to-use office, while you handle the management, maintenance, and amenities.
With the increasing demand for adaptable workspace solutions due to remote work trends, this business can cater to freelancers, startups, and even larger corporations seeking flexible options. Although it requires an initial investment in property and fit-outs, the recurring income and potential for premium pricing make it a compelling venture.
By meeting modern business needs, a serviced office leasing business can be a profitable and scalable opportunity.
In this list, you'll find real-world serviced office leasing business success stories and very profitable examples of starting a serviced office leasing business that makes money.
1. SpaceBox Business Center ($1.2M/year)
Jai Karan Walia founded Spacebox Business Center in Dubai after recognizing the need for a dedicated workspace for freelancers and businesspeople in the bustling city. With his experience in the real estate sector and the success of his previous company, Clever Corp, Jai seized the opportunity to provide luxurious private offices, dedicated desks, and hot desks at the prime location of Convention Tower.
How much money it makes: $1.2M/year
How much did it cost to start: $300K
How many people on the team: 6
Dubai-based Spacebox Business Center offers luxury private offices, dedicated and hot desks to a large freelancing workforce while achieving 80% occupancy in its two prime locations, driving leads through Google Ads and social media while securing clients with Clever Corp.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
