Elumo launch promises to revolutionise shared space rents

The launch of elumo by proptech firm essensys offers a new solution for managing shared meeting spaces amid the ongoing work-from-home debate.

As workplaces continue to adapt to hybrid systems, the challenge for commercial landlords and building managers remains in how to efficiently monetise shared spaces. Concerns include no-shows and inefficient booking systems that result in poor user experiences and lost revenue opportunities. Essensys aims to address these issues with the introduction of elumo, an integrated hardware and software solution facilitating dynamic bookings and access to shared spaces.

Mark Furness, Chief Executive Officer of essensys, has highlighted the disruptive potential of elumo, stating, "elumo is a paradigm shift, disrupting how landlords and operators of shared, multi-tenant offices manage and monetise their spaces. Meeting rooms should be the most profitable inventory, but managing them is a major challenge that affects both experience and revenue. By combining dynamic booking, seamless access, and real-time intelligence, elumo is a powerful solution that helps optimise demand and maximise revenue potential."

The system utilises mobile wallet technology, allowing tenants to book and access meeting rooms by tapping their phone on the elumo Reader. This method promises efficiency with the process from booking to unlocking taking less than half a second. This capability is intended to reduce frustration and improve access for users, making it suitable for both impromptu meetings and scheduled bookings.

Elumo aims to offer substantial commercial benefits by allowing every meeting space to be monetised instantly, thus providing measurable returns within days. This potential is seen in its ability to convert vacant office space into revenue-generating assets swiftly, removing the need for long waits associated with securing new tenants.

Following the trend of businesses worldwide embracing flexible workspaces, elumo incorporates real-time intelligence features providing operators with insight into how spaces are used and by whom. This data is designed to help landlords develop a deeper understanding of user preferences and optimise their offerings in response to tenant behaviour.

The product is aimed at addressing one of the significant pain points in commercial real estate today, particularly with the increasing shift towards hybrid working models. It offers a contemporary approach to space management, adaptable to evolving needs and designed with future capabilities in mind.

Essensys, founded in 2006, is known for its digital experience solutions for the commercial real estate sector. It delivers products intended to drive occupancy and maximise yield while reducing operating costs. Elumo is set to complement these offerings by addressing the complex challenges associated with managing multi-tenant environments and providing data-driven insights.