A new online real estate marketplace in Japan is helping land owners make use of even the tiniest space.
A new online real estate marketplace in Japan is helping land owners make use of even the tiniest spaces.
Nokisaki.com looks for slices of dead, unused or underused space in urban areas and rents them out for short periods of time. Starting at $15, vendors, or other street-based businesses can have a place to work from. The company also rents full size offices when they’re between long-term renters.
The Wall Street Journal reports:
The idea for Nokisaki is fairly simple. Landlords upload information and photos of a location. Renters look through the listings and reserve properties they like. Nokisaki verifies the information about the location and the renter, who pays Nokisaki by credit card or bank transfer. The site transfers the money to the landlord minus a 35% fee. “There are lots of spaces that owners would never think of renting out,” said Akiko Nishiura who runs the Web site with her husband, Tohru.
Mrs. Nishiura, who had worked at Sony Corp. in sales and marketing and several Internet ventures, came up with the idea for Nokisaki after struggling to find a place to set up a temporary store to gauge customer reaction for a new business idea: selling plates imported from Chile.