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It's disappointing to see the layoffs, but I think its smart of them to stick with the core focus of providing excellent listings for office space. There are a
by tswartz 12y ago
It's disappointing to see the layoffs, but I think its smart of them to stick with the core focus of providing excellent listings for office space. There are a lot of costs ($$s and energy) associated with doing business as a brokerage company and for a small startup it makes sense to focus on one thing first. Perhaps they will be able to add the brokerage arm once they've proven out the search side.
- davemel37 12y agoI suspect this is less about focus and more about conflict with other brokerage houses. Most commercial real estate is owned by an owner-broker who syndicates a deal and primarily makes a good portion of his money off closing the sale, property management and leasing... In other words, the people they depend on for the listings probably had no interest in sharing leasing fees with them...but are thrilled to be able to list and even pay a premium listing fee. Focus is the right buzzword for them to spin this...but my bet is that they shot themselves in the foot when they decided to compete with their users.