NY Startup Takes Advantage of Vacant City Spaces

Since many people now work from home, companies are finding that they no longer need a physical building to run their business. More and more office spaces are vacant and on the market for lease or sale. Along with these empty offices are retail spaces that have lost too much business to survive the pandemic, as well as parking lots that have been long abandoned. Neighbor.com is looking to take advantage of the opportunity to transform these vacancies into rentable storage spaces. 

Neighbor.com started with the rental of people’s extra garage space or unused bedrooms for storage. Now that people are leaving cities and returning to their family homes or downsizing due to Covid-19, they are in need of a place to store their belongings until they can return to their lives in the city. That’s where Neighbor.com comes in, turning empty city space into safe storage solutions. While finding a tenant for a restaurant might be difficult right now, there are plenty of people looking to store their things. 

Are you developing a new process in response to Covid? Did you know your R&D experiments could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes. 

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