TROT’s unique flex space marketplace disrupts NYC real estate industry
TROT directly connects building owners with vacancies to companies looking for flexible office space
NEW YORK, June 22, 2022 /PRNewswire/ — TROT, the commercial real estate marketplace, announced today the launch of its online platform that aims to make flex workspace work better for everyone. Through TROT’s easy-to-use platform, building owners can list available office spaces, while “trotters,” those looking for flex office spaces, can easily browse a broad selection of locations, building classes and amenities to find a short-term space that works best for them.
“TROT brings the ease of renting a vacation home or hailing a ride to the commercial real estate market. We believe the flex space opportunity should be simple, transparent and as beneficial for owners as it is for businesses,” said TROT Founder and CEO, David Menaged. “We’re helping building owners finally participate in the flex space revolution, connecting them directly with the users of the space and creating new opportunities for both parties. TROT allows businesses to find and book flexible office space that suits their evolving needs, building a relationship with owners. Our technology-driven approach offers owners and businesses a trusted marketplace that unifies the way flex space will be marketed, managed and booked.”
Menaged founded TROT in 2020 as a direct response to pandemic-related issues facing the commercial real estate industry and seeing the growth opportunity for owners participating in that space. As the nation emerges from the unprecedented times of the last two years, recent workplace movements and talent-forward hiring practices continue to challenge the idea of the traditional workplace and office space. To navigate this new professional landscape, 73 percent of companies plan to support a hybrid working model. With experts predicting that 30 percent of commercial real estate will be flex leased by 2030, compared to the two percent it sits at today, the flex market opportunity is significant.
In response to this increased demand, TROT enables building owners to fill vacant space and own their flex space offerings in full. The platform streamlines the process, eliminating previous challenges and shows owners that offering flex space directly can be truly flexible for all parties and a critical tool in positioning portions of their building for occupiers evolving needs well into the future.
While traditional coworking spaces are more often offering a solution via their managed portfolio, TROT acts as an independent marketplace that brings together any building owner looking to maximize their commercial real estate with all types of businesses looking for flexible space. Owners can sign up for free, listing as many or as few spaces as they like and have complete pricing control.
Similarly, trotters can find office space that fits their needs by simply searching with the platform’s various filters to see and book available flex spaces in three-month intervals with streamlined license agreements. Whether a startup or global corporation opening a new hub, TROT’s marketplace includes a diverse portfolio to accommodate any trotter’s needs. Listings include detailed descriptions, photography, floor plans and virtual walkthroughs of spaces, to help find the right office for them. TROT removes the middlemen, including third-party providers and management solutions to give a fairer deal for businesses and owners, and allows building owners to communicate directly with businesses via the platform for a transparent and efficient process.
In addition to helping businesses find the right flex space, TROT also offers additional services for businesses who book a flex space, including a way to furnish spaces, set up technology such as WiFi and phones, and purchase liability insurance for the premises through their trusted partner network. Partners will deliver prior to move-in, helping create a seamless experience for both owners and trotters alike.
TROT is currently available in over 16 locations throughout NYC and the surrounding areas with more listings being published every day and plans to expand geographically within the next 6-12 months.
To learn more about TROT, list vacant space or search for an office space, please visit trotflex.com and connect on social media through Facebook, Twitter and Instagram.
Founded in 2020 by seasoned new York real estate broker David Menaged, TROT is a commercial real estate marketplace that’s on a mission to make flex space work better for everyone. The platform helps building owners seize the opportunity to fill vacancies and grow profits – and businesses to find and book flexible office space that suits their evolving needs. TROT acts as an independent platform that brings together any building owner looking to maximize their commercial real estate with all types of businesses looking for flexible spaces. This technology-driven approach unifies the way flex space is managed and booked, creating a trusted marketplace for both owners and businesses. To learn more about TROT, visit trotflex.com.
Bolt Public Relations