Short-term rental of spaces for different purposes is quite common these days. Space renting is done when the requirement of the space is temporary. Renting offers the flexibility to rent the space by the hour, day or on a monthly basis. Renting does not involve long-term agreements. It gives a businessman more flexibility to decide on the duration he wants to spend on the premises. It also helps him save on his initial outlay as he can set up his business in a location of his choice at minimal cost. He also does not have to spend time on maintenance of the premises. Once, he is able to save time, effort and money, he can utilize them for his business.
Stores can be rented for a brief period of time when a businessman is trying to promote some new products and trying to gauge the response of the customers. At this stage, it is easier on his pocket to rent a temporary space rather than invest in buying a store. Sometimes, the owner of a store might want to move to new premises for expansion or he might just want to close his business. There is also a possibility that a businessman might need shop space and may not be sure of the duration he will require it for. In such cases, renting a store is the best solution. Another benefit of renting shop space is that you can get a space in a location where the traffic is high and you have a better chance of building a clientele for your products.
One way that a workspace is shared is by having a system of Co-Working. In this case, a number of businessmen with different nature of businesses share space in the same premises so that they can get the benefits of an office space while working independently. The requirement for workspace is temporary and so a short term rental is the best solution for it. A co-working space is beneficial because it enables the individuals to socialize and network. There is a possibility that a businessman may find someone in the co-working space who could provide a service that he could benefit from. There are many cases of a business growing because many freelancers in the space may collaborate to start a new enterprise.
Though the demand for storage space is perennial its need is temporary. People prefer renting storage space for short-terms. Storage might be required when one is shifting residence or office or for storage of excess goods of any kind. If you own storage space which could be a shed in your backyard or your own garage you can easily rent it out. All you need to do is provide a secure storage. Storage spaces rented can be of any size.
As there is a consistent demand for different types of spaces on a rental basis, it is a lucrative business proposition to rent out your extra space. Renting spaces have become easier these days due to the availability of various online space listing portals.