'GaragePointer' is the name of a new service that makes it possible for users to share or rent out excess garage storage space.
The service is expected to be a hit among car collectors who simply find themselves short on space, although there is also room for garage-seekers who could use a bit of extra storage space for their personal items. As of now, the service is currently only operating in California, Oregon and Washington, although there are plans for expansion in the coming summer months. There are also future plans to offer insurance policies to both parties involved in the shared rental service.
The sharing economy has inspired the creation of everything from P2P delivery services to shared vehicle insurance plans, making it possible for all parties involved to enjoy the benefits of shared ownership.
Why This Trend Is Growing
- Shared Garage Storage Spaces
- The sharing economy has opened the door for more services like GaragePointer that make it possible for users to share or rent out excess garage storage space.
- Peer-to-peer Services
- GaragePointer is an example of a peer-to-peer service that makes it easier for garage owners to monetize their unused space.
- Expansion of Rental Platforms
- The plans for expansion of GaragePointer in the coming months signify the growth of rental platforms in the sharing economy.
Industries Being Reshaped
- Automotive
- GaragePointer is expected to be popular among car collectors who need extra storage space for their vehicles, indicating potential for car rental platforms.
- Real Estate
- The success of GaragePointer highlights the potential for other niche rental markets within the real estate industry.
- Insurance
- GaragePointer's plans to offer insurance policies to renters and owners highlights opportunities for insurance providers to cater to the sharing economy market.
