Breather Products is rapidly growing in the “sharing economy” and recently acquired $60 million for expansion. Breather leases commercial real estate in North America and Britain in high density and expensive locations. Breather then rents out the space for terms from hours to months on a digital platform. Julien Smith, co-founder, believes the need for “flexible real estate” is large and hopes to expand to major international cities in continental Europe and Asia.
A new way for the future, that provides flexible locations for the smaller business and better occupancy for the owner. Yardi is now offering a new co-working platform to assist its clients to handle this new asset type. Please see full article.