Booqed matches empty work spaces with potential tenants

CEO Wong: Booqed was set up in 2016 to alleviate the main pain points of finding and booking short-term business spaces (Credit: Booqed)
Companies or restaurants that have unused meeting rooms or private dining space can now let them out as venues for one-off events via Booqed, a digital platform for reserving work spaces. In other words, Booqed acts as a bridge between landlords aiming to lease out underutilised work spaces and potential tenants who are seeking for a flexible office arrangement.
With a focus on enterprise clients, the startup curates listings on its app platform, filtering out the “right” space in terms of quality and location, says David Wong, CEO of Booqed.
Operating out of Singapore, Hong Kong and Shenzhen, Booqed has over 1,600 real estate listings on its platform, with half of them provided by co-working and serviced office partners.
Booqed’s key corporate clients are primarily from the financial services, consulting, insurance, and retail and services industries as well as technology start-ups.
Indeed, CEO David Wong says Booqed was set up in 2016 to “alleviate the main pain points of finding and booking short-term business spaces”.
These include time needed to search for a venue, lack of knowledge about options related to meeting and event spaces, and the inflexibility of long-term contracts, adds Wong.
Although listed work spaces range from a single desk to a 100-seat office, Wong says tenants typically demand spaces ranging from four to 10 seats.
At present, Booqed plays different roles in each of its markets, says Wong. In Hong Kong and Singapore, the team works with clients who are seeking flexibility in their work and meeting arrangements due to high costs or changing space needs.
In Shenzhen, Booqed finds itself “helping domestic enterprises planning to open a branch overseas, or multinationals needing a short-term space,” he says. Some of its services include helping global firms familiarise themselves with the business space options in new markets and helping to bridge the language barrier between landlord and tenant.
Locally, Booqed aims to partner with co-working and serviced offices; restaurants and cafes with off-peak availability; companies that have underused space they can legally sublet as well as dedicated venues for one-off events.
Demand is expected to come from start-ups...