Sometime next year, finding temporary retail space might get easier in Boston.
That’s because a small, but growing San Francisco-based startup that focuses on finding short-term leases for retail outlets will most likely be turning its attention on the Hub – potentially changing the concept of a traditional lease.
"It makes sense to come to Boston," Storefront co-founder Tristan Pollock said in an interview with Banker & Tradesman.
Storefront, which in recent months raised $1.6 million in seed funding, already has a following in San Francisco and New York, helping retailers find space. Founded by Pollock and Harvard University graduate Erik Eliason, the company was created last year with the goal of making unused, underutilized retail space easier to find.
The concept is the commercial real estate equivalent of AirBNB, the popular website that allows consumers to find vacation rentals or apartments for the short term.
Pollock said that the service would tackle a problem that plagues the commercial real estate industry across the country: the retail space vacancy rate is higher than it’s ever been (10 percent on average). It would also make it easier for potential tenants to connect with property owners, he said.
"We’re trying to rethink how this industry can work," said Pollock. "Online does convenience really well, and offline is the ultimate in experience."
Although Pollock said anyone can list on the service, a heavier focus on Boston would most likely happen sometime next year.
Currently, the only Boston listing is in Faneuil Hall — a free-standing glass box going for $1,200 a day.





