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Reusing abandoned spaces to turn them into urban self storage rooms

To help owners of offices or commercial spaces that are being abandoned to generate a new source of income.

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Many companies will not survive the economic impact of this crisis and will have to shut down, others will look for ways to reduce their costs, such as cutting leases that are no longer profitable.


In Spain only 33% of the flats for sale have a storage room; and if we talk about flats for rent the percentage drops to 23%. Moreover, in Madrid and Barcelona the purchase is 15% - 18% more expensive if the house includes this room and the rent goes up between 14% and 20%, according to the portal "Idealista". 

Spain in 2018 the demand for storage rooms increased by 69%, while the supply only increased by 31%.


We want to use the convergence of both situations, to provide a solution that relieves both parties.


IDEA

Use spaces that are being abandoned, by adapting them as self storage rooms .

Broad distribution, for convenience and to avoid unnecessary congestion in a few districts or neighbourhoods. 

We want to give the opportunity to generate revenues to those who have committed fixed assets that are not being used.



What is the need are you focusing on?

Loss of rental contracts, which generates losses for commercial space owners.

Deficit in the availability of storage rooms on urban spaces.



Which type of submission are you sharing?

  • Sharing a pivot idea your organization is considering or could consider

Describe the business pivot or adaptation in 3-4 sentences.

Use spaces that are being abandoned due to the Covid19 economic impact, by adapting them as self storage rooms . In countries like Spain, there is a deficit in the supply of storage rooms, which gives us an opportunity for this idea. We want to give the opportunity to generate revenues to those who have committed fixed assets that are not being used.

Do you plan to implement this solution?

  • No

Describe the impact that this solution will create in the world.

Provide an alternative source of income for commercial space owners

What is the name of your business or organization?

B.yond

What does your business/company do? Whose needs does your business/company address? Who do you serve?

Strategic Consultancy, we are a global team working from different parts of the world, we collaborate with small and medium enterprises with an aim to democratize innovation

What is your profession?

Marketing

Where are you located (country)?

Peru

Where are you located (region)?

  • Latin America and the Caribbean

What industry is your business/company in?

  • Business/Consulting

How many people does your business/company employ?

  • 0-10

How old is your business/company?

  • Less than 1 year old

What kind of stakeholders and partnerships are needed to pursue this solution?

  • Funding- Investment
  • Stakeholders/Partnerships- Private Sector

Website URL

https://waybyond.com

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