Average earnings of $18k p.a. from filling unused office space

Kinglet, the online marketplace for unused office space which launched in September 2014, has released its first Baltimore economic impact study which shows the average host earns $18,000 p.a. from renting unused space to small companies. The report shows 70% of hosts have enjoyed business collaboration with guest companies, and 91% of those are creating new jobs in the region which Kinglet projects will have a $6m positive impact on the local economy. Kinglet has more than 1,700 spaces in the Baltimore, DC, and Cincinnati Metro areas.

The Workspace Startup Releases 2016 Economic Impact Study

In just its second year of business, Kinglet is on pace to impact Baltimore’s economy by over six million dollars in 2016. The early stage tech company allows businesses to rent unused office space to small businesses looking for spaces with built-in vibe and shorter term commitments. The company just released its’ first Baltimore economic impact study and the results are powerful:

- Regional Economy Impact projected at over $6 million in 2016

- The Average Kinglet Host earns $18,000 annually

- 92% of Kinglet Guest Companies are creating new jobs in the region

- Kinglet has created a new class of office space options - 81% of listings are from existing businesses with extra space vs. landlords

- 70% of Kinglet Hosts have enjoyed business collaboration with Guest Companies

Any company with extra office space can create a listing on Kinglet for free. Kinglet markets spaces to small companies and freelancers looking for exceptional work space on flexible monthly agreements. Kinglet streamlines the process handling all communication, legal and payment processing for worry free transactions.

About Kinglet

Kinglet is an online marketplace that plays matchmaker between businesses with unused office space and small companies looking for a better place to work.

Launched in September 2014

Kinglet has in excess of 1,700 spaces in the Baltimore, DC, and Cincinnati Metro areas

The typical Kinglet guest ranges from 1 – 6 team members

Several hundred companies have found space using Kinglet