Every year, more commercial property makes its way onto the popular Airbnb platform…but why? Why are commercial property owners choosing to make their buildings available on this platform?
Firstly, we can take a look at the reasons from the perspective of the property owner. Many commercial properties are large, meaning that they can comfortably accommodate larger groups of people than a traditional residential rental. This is perfect for families or groups of friends who are looking to travel together and have a comfortable place to stay.
Another reason is that commercial properties often come with a variety of amenities that can make guests’ stays more enjoyable. For example, some properties may have on-site laundry facilities, swimming pools, or gyms. This can be a major selling point for potential guests who are looking for a property that has everything they need in one place.
Finally, we can’t forget about the financial benefits of listing a commercial property on Airbnb. Because these types of rentals can accommodate more guests and often come with additional amenities, they have the potential to generate higher nightly rates than traditional residential rentals. This means that investors who are looking to maximize their return on investment may find that commercial properties are the way to go.
Optimising Your Rental for Airbnb
If you need to renovate or fit out your commercial property, BTF Projects is one of the best companies around for such projects. They will help you commercialize your space and make it look amazing, which is essential for getting those all-important five-star reviews on Airbnb.
For example, optimising your rental for Airbnb means providing high-quality furniture, art, and decor that will make your rental stand out from the rest. It also involves ensuring that your property is well-equipped with all the amenities that guests need in order to have a comfortable stay.
If you aren’t sure where to start, research existing commercial properties available on the platform. This will give you an idea of what type of space is in demand and how much you can expect to charge for your rental. Once you have an idea of what guests are looking for, it’s time to start sourcing commercial properties that fit the bill (if you don’t have one already!). Look for spaces that are centrally located, close to public transport, and in safe neighbourhoods.
If you’re thinking of listing a commercial property on Airbnb, we hope this article has given you some food for thought. It’s an increasingly popular option that offers plenty of benefits for both investors and guests, so it’s definitely worth considering if you’re looking to get involved in the short-term rental market.
What Do Airbnb Guests Seek?
Before finishing, what do Airbnb guests look for in a rental? According to a study done by TrustYou, the most important factors for guests are:
- Location (37%)
- Price (30%)
- Cleanliness (28%)
- Comfort/Quality of the property (26%)
- Facilities and amenities offered (25%)
There you have it – some things to think about if you’re considering listing a commercial property on Airbnb. With its many benefits and increasing popularity, it’s an option worth considering. As you can see, location is key when it comes to sourcing commercial properties that meet the needs of guests.
Why not contact a fitout contractor today to see what you can do with the space that you have available? You may just be surprised by what features and rooms you could introduce to the commercial space.