The typical procedure when renting a sales area is currently fraught with unnecessary bureaucratic effort, which is largely due to the need to act through a middleman, ie a real estate agent. Additionally, knowing where you work and how your offer compares to the competition can be difficult, resulting in a long wait for your offer to be rejected.
Floorly (starting 2022) is a platform for commercial real estate that aims to make it easier to conclude a lease. Floorly is a platform that eliminates all of the above by allowing you to monitor competitor listings and adjust your listings accordingly, as well as facilitating many of the standard tasks associated with renting a commercial property. By removing the middleman, the electricity is returned to the tenant, so you can get a better deal on your lease while minimizing the hassle.
What is PropTech?
To properly understand Floorly and why it is different from other options on the market, the first step is to understand the movement it belongs to. PropTech. PropTech, short for real estate technology, is an innovative approach to real estate where technology improves the way individuals research, rent, buy, sell, and manage a property.
Fortunately, PropTech has become a contemporary trend in commercial real estate as the cross-industry technology benefits everyone involved – especially developers, investors, property managers and, of course, tenants. PropTech commercial real estate firms strive to improve the overall functioning and efficiency of the real estate market. Everyone who has dealt with the commercial real estate market knows about the welcome change that these technologies will bring, because a technological and conceptual change has long been necessary in the real estate market, especially when it comes to meeting the requirements and needs of the Renter.
Rental of commercial, retail and shopping centers worldwide
With listings in over 2000 cities worldwide, Floorly makes it easy for you to find your dream business space, no matter where your business is. Plus, there is a wide variety of listings available (both commercial and retail) so all you have to do is filter your search settings to find a list of properties that meet your business needs.
Mall spaces are also listed on the website and are an excellent opportunity at this particular time. With COVID-19 nearing its end, the economy is on the verge of a resurgence. Securing space now in a mall that already has higher footfall in some cities than in 2019 could result in an incredible return on investment. In contrast to other popular platforms, it is possible on Floorly to evaluate all of these options at the same time.
Submit offers and sign documents online
Landlords use real estate agents to assist them in renting out their properties for a variety of reasons, the most obvious of which is convenience. After all, most real estate transactions involve their fair share of tedious paperwork and time-consuming rental price negotiations. When the landlord owns several properties, it is practically impossible for them to take care of all these matters personally, which is why it has always been a matter of course to hire a company to act on their behalf.
Enter Floorly. Landlords can use their platform to carry out almost all of the essential tasks for concluding a contract, from documentation to price negotiations. As a result, commercial real estate leasing is being revolutionized by streamlining communication between tenant and landlord, resulting in lower rental prices for the tenant as the landlord does not have to pay expensive property management fees.
See how your bid stacks up
Most of the time, it has been virtually impossible to see who else might be interested in a property you might want to rent. This lack of transparency makes it difficult for tenants to assess their prospects for the desired apartment, as they do not know which advertisements are involved or whether they even have a chance.
That will change with Floorly. Your platform will get rid of the outdated secret bidding war and make the bids of all parties fully transparent. In addition, potential tenants can adjust their bids at any time. So if you see again that a competitor has made a counter offer, you can change your offer immediately to put your application back at the top of the applicant pool.
Direct communication between tenants and property managers
Another great feature of the Floorly platform is the embedded communication skills. As mentioned several times, Floorly enables landlords to manage their applications on a single platform. This gives you easy access to all inquiries, references and supporting documents in a secure online repository. So, say goodbye to all that physical paperwork!
Take maintenance as an example. Say the door locks and sockets need to be fixed. Well Floorly will be ready to handle these requests. In addition, it serves as a high-speed communication channel through which tenants can make maintenance inquiries, request further assistance or alert the landlord to possible problems – whereupon the landlord can react and offer timely support. This will improve the experience for both the owner and the renter which is a win-win all round.
Unfortunately, most popular real estate platforms still lack the transparency and functionality required for modern leasing contracts. These blatant omissions become even more apparent when Floorly offers a more pragmatic and streamlined solution that helps streamline the process and then adds great value to both parties at each end of the transaction. Looking ahead to 2022 and beyond, you can expect Floorly’s innovative platform to secure a large share of this huge market that has been crying out for disruption for quite some time.