tecdeck.work
Digital upgrade tuned up occupancy from 60% to 100% for tecdeck.work
A commercial building that struggled with managing costs, retaining existing tenants and attracting more while navigating a market beyond its peak, tecdeck.work got massive returns from repositioning with PB3 digital operating system. Digitally-operated shared spaces increased occupancy from 40% to 100% in an unreliable market situation and provided much needed funds for further property development.
Challenge
6000 m² of vacant office space, a total of 150,000 m² in the surrounding areas and a multi-year vacancy rate of 60% – this building wasn’t exactly a hotspot of Glattbrugg-Opfikon.
That was the case, until Performance Buildings unlocked the potential for attracting interest and revenue.
Solution
In a stagnant market tecdeck.work (part of UBS Property Fund) was able to generate 560,000 CHF/year over a period of 3 to 4 years in additional recurring revenue.
How, you ask? By installing the pb3 platform when rethinking rental models and refurbishing spaces.
They could reap immediate benefits from the powerful performance that pb3 platform’s building operating system offers and achieved payback in 2 years.
pb3 allowed us to digitally create, operate and market tecdeck.work’s spaces on a risk-sharing basis. Once the system was installed, teckdeck.work could generate cash flow by renting out serviced offices and meeting rooms that can be operated with minimal staff and that tenants can use on-demand.
Results
With pb3 platform tecdeck.work was able to discover untapped potential in their spaces, that could immediately be digitalized to generate cash flow. Digitally-operated shared spaces increased occupancy from 40% to 100% in an unreliable market situation and provided much needed funds for further property development.
pb3 released the landlord of the trouble of finding and negotiating with third-party providers. A challenging task in an unstable market, pb3 helped them to benefit directly from a share of the operations income.
This approach maximizes the space’s utility and increases revenue potential without the hassle of managing external providers.
tecdeck.work used our services to maximise their performance potential
Shared spaces
Adjust and divide your space flexibly to fit your tenant’s needs and maximise your profit. No renovation work required.
Serviced offices
We’re the only partner you need to provide a fully serviced office experience that your tenants will stay for.
Digital-first ops
Skip the middleman and free your staff from repetitive admin work with digital experience at its best.
Profit optimisation
Start small but dream big. We advise on solutions to unlock your building’s profitability, one step at a time.