Renly is a start-up that's trying to prove that it has what it takes to be the next platform for temporary location bookings.
Renly founder Chris Sheng was inspired to design this platform through his hairstylist ex-wife, who would sometimes rent out temporary locations to house her clients. Additionally, Sheng noticed the multitude of Los Angeles businesses that underutilized their spaces, which caused a financial strain on the property owners. Seeking to find a solution to both issues, Sheng designed Renly as an "Airbnb for commercial business spaces."
The service works so that commercial business can temporarily rent out any available space to other small businesses or individuals who might need it. Sheng hopes Renly will expand into other markets, providing a valuable for business owners, both large and small.
Business Space Rental Platforms
'Renly' Offers Commercial, Temporary Location Bookings
Trend Themes
1. Temporary Location Bookings - Disruptive innovation opportunity: Develop a platform that allows businesses and individuals to easily book temporary locations for various purposes.
2. Underutilized Business Spaces - Disruptive innovation opportunity: Create a service that connects businesses in need of space with underutilized commercial properties, helping property owners generate revenue.
3. Sharing Economy for Commercial Spaces - Disruptive innovation opportunity: Build a platform that facilitates the sharing economy model for commercial spaces, enabling businesses to efficiently utilize existing resources.
Industry Implications
1. Real Estate - Disruptive innovation opportunity: Implement technology solutions in the real estate industry to connect property owners with businesses in need of temporary spaces.
2. Hospitality - Disruptive innovation opportunity: Apply the principles of the sharing economy to the hospitality industry, allowing businesses to rent out underutilized spaces to generate additional revenue.
3. Technology - Disruptive innovation opportunity: Develop innovative online platforms and apps that facilitate the booking and management of temporary business spaces, disrupting traditional methods of space rental.