8 Uses for Vacant Space

Decided you want to join the sharing economy but not quite sure which category your space falls under? With over 6 different core categories of space on our website, your vacant space may be suited to new opportunities you may have never considered. Here are eight different categories of spaces your unused space could fall into (pro tip: it can even fall into multiple categories). It’s time to capitalise on space.  

Capitalise on space with;

Office

If you’ve got any sort of spare room or building, it can become an office space. Within office spaces, there are subcategories of coworking spaces, private offices, hot desks, and serviced offices. If your space is large, you could choose to rent out many individual desks on a casual basis (hot desks), as opposed to renting it to one group of guests at a time. 

Retail 

If your space is unfurnished, on street level, or near other retailers or consumables, this could be an option. These days retailers don’t always opt for a traditional space within a shopping centre or along a strip of shops. The more unique retailers or those who have an established online base often opt for pop-up stores or shop locations that aren’t in typical ‘shopping’ precincts. If your space is relatively large and empty, this could be a great way to go. You’ll most likely have mid-term guests who need the space on a more permanent basis. 

Fitness

If your vacant space is a larger room, it can be turned into a fitness space. Wooden or carpeted floors will do, and if you’ve got full length mirrors, it can be used for dance classes. Even if you don’t have much lighting, it could be the perfect space for a yoga or meditation class that doesn’t require bright lights. 

Medical/Treatment/Clinic Room

Even what looks like an office can be turned into a medical space or a treatment room. The specificities needed like running water and size of the room will change depending on the guest, but for the most part, a spare room can be used as a private treatment room. 

Warehouse/Storage

What if you have a large, empty, somewhat abandoned space? We often use spare rooms to store things we don’t constantly use. In the same way, your vacant space can be used as a warehouse or storage space. These spaces range from the very basic (think just walls and boxes), to fully functioning manufacturing warehouses. At its most basic form, you spare space is just that – space for others to store things. 

Studio

Similar to warehouse space, if you have a plain or empty room, it works as a studio for creatives, freelancers, or entrepreneurs. Usually these individuals bring their materials with them, so you won’t have to worry about fitting out the space. Turn your spare space into a studio with a good source of natural light. Capitalise on spare space!

Event 

If you have a larger space, or a whole building, consider renting it out as an event space. If you’re concerned about potential mess or damage, make clear that guests need to restore the space to its original conditions, or better yet, provide setup and cleaning for them from a third party. You are within your rights to be fussy about the type of event your space can host too. 

Hospitality/Kitchen

If your space doesn’t fall into the conventional categories and happens to have concrete floors, ample power sources and maybe even benchtops and cooking appliances, you should definitely consider renting it out as a hospitality space. Whether it’s as a commercial kitchen, or a pop-up restaurant or cafe, it’s useful for someone. 

Are you ready to capitalise on space?

These are just a few of the possibilities for your vacant space – there are so many more that you may not encounter until you have your first guest! Capitalise on space and join Spacenow to list your unused space today.