Real Estate Leasing
Revolutionized.
At OurSqFt, we advocate for individuals and businesses to explore the auction method as an alternative to conventional leasing approaches.
About us
We're on a Mission to Transform Commercial Real Estate.
Our mission is to revolutionize the commercial real estate market by providing an efficient and transparent platform that connects landlords and tenants seamlessly.
Commercial
Space For Lease
Simplified leasing process with online auctions and transparent listings, making it more efficient and convenient for landlords and tenants.
Transparent
and Secure
We prioritize these principles for a trustworthy and worry-free experience for both landlords and tenants.
Connects
Connecting Landlords and Tenants the Smart Way.
Our platform completes all of the otherwise manual tasks that a tenant and landlord need to complete prior to leasing office space.
We will help you lease your vacant space for a fraction of the cost of traditional brokerages.
Swift Leasing
Quickly transform vacant units into revenue generating space. With our platform your properties won’t stay empty for long.
Pre-Screened Tenants
All registered bidders go through a rigorous screening process with full background and credit checks.
Effortless Process
Enjoy a hands-off experience as we take care scheduling of showings, inquiries, screenings, and leasing paperwork. Your time is precious, and we make sure you use it wisely.
General FAQs
Oursqft is an auction platform for Commercial Real Estate Leasing. Our goal is to make the process easier, faster and more transparent for both the landlord and tenant.
We are currently building out the auction platform and expect to be live in Q3 of 2024. If you are a Potential Tenant, we appreciate your interest and your patience. If you are a Landlord, please feel free to contact us at info@oursqft.com or click here to enter in your information to join our mailing list.
Our auction is similar to most online auctions, where registered bidders place increasingly higher bids before the end of the auction duration. Unlike other auctions, there is no reserve price, the Landlord has the ability to refuse or accept the highest bid.
All bidders will have a chance to visit the unit and review the lease and other Landlord documents before bidding.
Landlord FAQs
Oursqft allows landlords an alternative to lease vacant space that they have had trouble leasing through regular means and methods. Oursqft provides a seamless process for landlords to review and/or accept below or at market pricing, as competed on by prospective tenants, within their region. Oursqft provides a solution for landlords to ramp up occupancy within their vacant spaces fast.
Yes, Oursqft understands that each property, lease, and/or other factors may be prohibitive from accepting certain businesses. Therefore, the landlord has the ability view all registered tenant information and has the ability to allow or reject any tenant from participating in the auction or from viewing the property.
Yes, all landlords will upload a copy of their required lease during the property listing submission. No terms other than rent price, security deposit, term, and TI would be affected by participating in an Oursqft auction.
The Landlord has about 48 hours after the Potential Tenant signs the lease to review the Potential Tenant’s information and either sign the lease or reject the bid. All Potential Tenant information, including credit, identification and criminal background checks, will be available for the landlord to review.
Oursqft realizes that unlike a sale, a lease is a long-term partnership between the tenant and the landlord. Because of this relationship, the Landlord retains the right of refusal, regardless of the auction results. There could be various factors for rejecting a winning bid, including the price being too low, financial concerns, past history, etc.
Broker FAQs
Oursqft enables tenant brokers to help their clients find suitable lease properties at significant discounts.
On the other hand, landlord representative brokers will have the benefit of tapping into a market of eager tenants that have already provided their due diligence documentation.
As a landlord representative, brokers can work closely with their clients to create a landlord profile and upload property information to the landlord’s account.
Tenant representative brokers have the option to either work directly with tenants to create a tenant profile or allow tenants to create their own profile and indicate that they are working with a broker by inputting the broker’s information. By inputting the tenant broker’s information, brokers will be included in all communication between their clients and Oursqft.
OurSqft will share a previously agreed upon commission with a tenant broker.
Brokers’ involvement in the oursqft process is based on their clients’ discretion.
Tenant FAQs
Oursqft allows tenants to bid on vacant space in hopes of getting a below market price on rent. Oursqft provides a seamless process for tenants to review lease terms, unit details, and to schedule showings directly through the platform.
A tenant can register for an auction by completing the registration form and by completing a background and credit check. Once completed the credit and background check will stay live for 60 days, allowing the tenant to complete registration for any other unit auction that the tenant is interested in.
All auctions are subject to landlord final approval. Winning an auction does not guarantee a mutually signed lease between the tenant and landlord. Landlord will review the tenant’s criteria prior to, during, and/or after winning an auction to determine if the tenant is an appropriate lessee for the space.
The tenant will be notified that the landlord did not accept the final terms of the bid and the tenant will be able to continue bidding on other units. A tenant may always bid on more than one unit at a time.
Unlike property sales, landlords not only look at final lease price, but they also look at tenant financials, credit worthiness, and background. If a tenant believes one of these areas might not be up to par with what a landlord is looking for the tenant can add a guarantor to the lease.
Get in touch
Q3 2024 Launch Date.
At oursqft.com, we advocate for individuals and businesses to explore the auction method as an alternative to conventional leasing approaches. Sign up below for updates on the OurSqFt launch date!
