Adapt or Perish: This Company has Big Plans for Renting Out Commercial Space

August 10, 2020
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If the COVID crisis has taught us anything, its what is working and what isn’t. Companies are running the data, doing the research, and listening in hopes that they can change quickly enough to keep up with the unstable market climate. 

One trend that has begun popping up is utilizing real estate in a number of ways. Neighbor, an Airbnb-style self-storage company, has seen an uptick in demand, according to CEO and Co-Founder Joseph Woodbury. The reason behind this? More people are moving. Neighbor offers an avenue for those with storage looking to help those who have items they need storing (like boxes, boats, etc.).

News surrounding this company pertains to a strategic partnership with Bridgeton Holdings. With this partnership, Bridgeton will facilitate filling vacant office space with self-storage, starting with the San Francisco market.

Woodbury stated that this is just the first of many partnerships dealing with turning commercial office spaces into self-storage for their customers. 

Neighbor has also secured $10 million in a Series A funding round led by Andreesen Horowitz, Pelion Ventures, Album Ventures, Uber’s original CEO, Ryan Graves, and more. 

August 10, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

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