Give auditoriums or Community-hall-for-social-cause:

Community-hall-for-social-cause:

Some of us own a lot of space but, unknowingly, underused it. They can do much more with their spaces than using it once or twice a while. To give a clearer picture, the vacant locations in schools/colleges, say, can actually become brilliant business arenas!

The auditoriums of most of our colleges best testify to it. How many times are these auditoriums used in a year? At maximum, 100 times out of 365 days. Let me fuel some thoughts and you will connect them yourself.

Auditoriums on rent

There are numerous artists, individual or groups looking for chances to showcase their talents. One of the most essential prerequisites for them is a stage. A stage where they can perform before their audience. Audience and sales are important too, but secondary to having a venue. Booking theatres for even small time slots is a difficult task when it is a big, famous theatre. Whereas the primary aim of a budding artist is to make his/her shows a reality which does not require a huge theatre in a primary location of the city. A comparatively smaller stage and an audience will be just enough to give them a kickstart in their field.

Related Post:  Your space is your leverage!

Now, almost all educational institutes have auditoriums and assembly halls. These remain vacant almost every evening sparing a few days. The seating capacity of these auditoriums ranges from 50 to 500 seats, so does the size of assembly halls. If you calculate according to the yearly usage, these rooms are used for less than one-third of their actual capacity!

Connect the dots! The rising artists can very well rent the smaller theatres to start their careers! Auditoriums in institutes have almost all facilities for music performances, dances or dramas. Stand up artists can try out their skills here for an amount lower than what they would spend after the well-known theatres.

Community halls on rent

The institute will be in an equal profit situation. They will charge affordable rent yet earn better than what they used to. All they have to do it sign up on Myrsa as a space owner. Soon more and more brands will discover them and their income will keep increasing multifold. From an empty space in a college to a houseful theatre, that room will be a great advantage to the institute as an extassera income, to the artist as a cheaper stage option and to the customers as an easy destination and of course, a smaller ticket! Like we say at Myrsa, it’s a win-win!

You can find great ideas on a blank page if you look for it. Above we’ve talked about the auditoriums of an institute. There are parking lots, playgrounds, lobbies, art rooms, classrooms, etc with huge potential to generate revenue while solving the biggest problem of the city, space! There is a large number of people wanting to showcase their talent and they just need some space!

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Temporary Retail and Service Spaces

Myrsa matches potential short-term tenants with landlords sitting on vacant/unoccupied real estate spaces.

In an age of seasonal and cyclical in-store sales and poor prospects for long-term tenants, Myrsa could be a blessing for commercial real estate!!

Starting a business can cost you your lifetime of savings if you are a small business — INR 18 to 20 Lacs on an average based on industry standards and yet not even half of them will survive beyond 2 years.

How many more businesses could succeed if entrepreneurs could test out their concepts by slashing one of the major costs of starting a small business: securing a retail/service space.

Yet connecting space users and providers for short-term leases remains cumbersome. If we are successful, renting a temporary store will be almost as easy as booking a hotel room.

Myrsa offers a marketplace for short-term retail or service/workspace that makes renting temporary space feel like booking a hotel on MMT or any travel portal.

Myrsa is focusing on allowing renters and sellers to find each other and exchange inquiries and proposals. We locate and curate vacant spaces on our platform.

If online is about convenience, then offline is about getting your product and service in front of real people and being where your customers are. We see the future of retail and last mile service/web-stores going towards temporary leasing and targeted outreach!

Signing up with Myrsa is super easy, theoretically, it is as convenient as booking a flight or a room, with some additional steps to finalize the booking.

The trend of large retailers using temporary spaces to feature or test new products is moving toward small business owners as well who want to try out ideas without committing to conventional three- to five-year leases.

Related Post: The many talents of the space you own

It’s great news for property owners as well who once coveted big retailers and long-term tenants, but see temporary businesses and exhibitions drawing record crowds, filling up vacancies and even making temporary clients into long-term customers within no time if space works for the tenant.

We believe this model will let landlords generate additional income with unused space while opening up the possibility of a retail store to far more brands, entrepreneurs, service providers,  artists, designers and who could not (or would not) sign long-term contracts in the past.

Potentially, temporary stores could also help give physical retailers some of the low-cost agility enjoyed by online sellers such as Flipkart & Amazon (who have led to predictions of the imminent demise of brick-and-mortar businesses).

Retail in India always had roots in short-term retail; it’s coming a full circle.

The urban shopping hubs of India and especially the metros are transforming. We see temporary shops on all our footpaths, don’t we?  They are everywhere!!

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