With more and more startups tapping into the sharing economy, its no wonder peer-to-peer storage marketplaces are popping up everywhere. Netherlands-based Storage Share B.V., recently announced intentions to expand into the UK just one month after launching.
Entering the UK will be facilitated through Storage Share’s association with UK-based investor Pi Labs, a 13-week mentoring program which helps bring technology startups to market.
“Storage Share has joined the latest cohort of businesses in the Pi Labs accelerator programme as part of its bid to bring the concept of fluid storage to the UK,” reads a recent article in TechTalk. “Through Pi Labs, the firm hopes to gain access to key UK property companies and build up a supply of potential storage facilities throughout the country.”
Storage Share’s peer-to-peer storage platform relies not just on residential owners with extra space in the garage or basement, but also owners of commercial properties that are vacant or have available space—such as an empty office. Like a storage version of Airbnb, it “connects the individual and the provider, enabling local space to be found at reasonable rates,” according to TechTalk.
Those with available storage—residential or commercial—can list it on the Storage Share website for free. Those in need of storage can search for free as well. When a user requests a storage reservation, the property owner has 48 hours to confirm the transaction.
Storage Share started out like many other peer-to-peer storage platforms, catering to individuals with extra space on their residential property. While still in the development stage, however, owners Julian Doorten Tiendeveen and Niels van Eck said they were approached by owners of vacant offices.
“At our start-up phase, we were approached by an institutional real estate party in Amsterdam for the leasing of commercial spaces,” said Doorten in a release. “With a large number of offices, we are at an advanced stage to establish similar collaborations.”
The company has chosen to expand into the UK based on the growing number of Londoners, like Amsterdamers, who are willing to rent smaller and smaller places in order to live in the city and who now need storage space outside the home.
“Now more than ever, space in the UK is at a premium, but that doesn’t mean it’s not there,” said Doorten, in the release. “Our platform has created a win-win solution. On the one hand, those with property can earn money with their vacant space, and on the other, individuals can now save about 50 percent compared to what they would pay for traditional self-storage.”