PORTLAND, Oregon & SAN FRANCISCO--(BUSINESS WIRE)--Radious, an online marketplace that transforms residential properties into private, collaborative workspaces for daily rentals, announced it has achieved 33 percent growth across the Bay Area within the past month. Nearly doubling the number of available spaces it has in cities like San Francisco, San Jose, Oakland and more, Radious has seen property owners quickly join the platform to take advantage of the flexible work movement that is driving demand for ad hoc work and meeting areas.
“The way we engage in the workplace has permanently changed,” said Robin Daniels, Radious investor and former WeWork CMO. “Radious offers a brilliant model for togetherness amid an increasingly remote work landscape.”
Radious is sparking a revolution to end commutes and traditional leases for good. By leveraging residential properties, the company provides a network of close-to-home workspaces, reducing commute times for employees with flexible terms for companies, creating more desirable work environments and greater financial agility. Reducing commutes empowers employees with time and cost savings while leveraging occasional, in-person togetherness, leading to higher job satisfaction, retention, and reduced churn.
“Employees crave more flexibility. Some want to save time avoiding a long commute and others are concerned about the emissions generated by commuting,” said Amina Moreau, CEO and cofounder of Radious. “There is a way for both employees and companies to win in this new world of work that doesn’t require employees to return to office five days a week. By combining the best features of remote work with close-to-home opportunities for in-person collaboration, forward-thinking companies in and around San Francisco can offer employees residential, collaborative workspaces to meet their needs and truly support work from anywhere policies.”
“In the 20+ years I have been researching remote work trends, I have never seen more opportunity to innovate in this space than right now,” said Nick Bloom, Stanford University Economics Professor and Radious investor. “Instead of the old paradigm of workers commuting long distances to one central office, Radious offers companies access to a network of distributed workspaces right in employees' neighborhoods. This flips the script on traditional work and helps companies save money, time and better align to reduced carbon footprint and sustainability goals.”
About Radious
Radious is an online marketplace that transforms houses, apartments, and other residential properties into collaborative workspaces that companies rent by the day. The company provides a flexible solution for facilitating in-person collaboration without the constraints of a traditional, centralized office and is backed by a formidable roster of investors and advisors to support its mission, including Portland Seed Fund, Stargazer Ventures, Oregon Startup Center, former CMO of WeWork, Robin Daniels, and representatives from Slack, Stanford University, eBay and Airbnb. The platform focuses on residential areas, ensuring a diverse range of workspaces within walking or biking distance of employees' homes. Renters can use the spaces for team off-sites, regular meetings, and everyday in-person work. Visit Radious’ website to learn more and follow the company on LinkedIn, Facebook, Twitter and Instagram.
