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Yardi Kube automates flex & coworking operations
Home News

Prop tech startup works to get rid of real estate agents

Aayat AlibyAayat Ali
March 1, 2019
in News
Reading Time: 1 min read
A A
Daily Digest   A   T

Office Hub, an Australia-based workspace marketplace company, has developed a new cloud-based technology called Abacus. It combines artificial intelligence (AI) and automation to allow tenants to bid and negotiate rental agreements with workspace firms.

The software allows operators to provide personalized rental quotes in about 8 minutes on average.

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Nexudus - Is Your Space Performing?

So far, Regus, WeWork, Servcorp and Hub Australia are some of the more prominent coworking companies to implement Abacus into their operations.

Flexible workspaces have readily adopted prop tech, but real estate agents have been slow to incorporate it into their services. The real estate industry is also largely untrusted by many due to a lack of transparency and openness during transactions. Abacus works to omit those concerns.

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“The efficiency, transparency and cost-effectiveness of technologies that help you find flexible space make far more sense than employing a real estate agent and securing a commercial lease,” said Grant Philipp, CEO & Founder at Office Hub.

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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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