AI-powered real estate tech platform Truss launches in Washington, D.C. to help startups and SMB find office space
Real estate tech platform Truss today announced that its AI-based platform for finding and leasing office space is now available to startups and small & medium sized businesses (SMBs) located in Washington, D.C. Launched in 2016 by Andrew Bokor and Bobby Goodman, Truss’ end-to-end platform significantly simplifies, speeds-up and tailors the office-search process for tenants looking for spaces under 10,000 square feet. Landlords utilizing the new platform include Carr Properties and Washington REIT.
Truss uses its AI-based chatbot, Vera, to gather and analyze tenant requirements and preferences to create a list of properties that will match their needs. They are then able to virtually tour available spaces without leaving their desk. These 3D tours coupled with the platform’s total price transparency cuts down the number of property tours by 50 percent, ultimately speeding up the process for everyone involved.
“The process of finding an office space is overwhelming. It’s unclear where to begin and fast-moving startups cannot afford endless hours of time to figure it out,” said Max Kamin-Cross, Director of Product Partnerships at Hustle. “I was shocked to see how quickly Truss was able to provide a list of properties that matched our needs. Startups no longer have to dedicate tons of resources to finding their next office space, thanks to Truss.”
In recent years, Washington, D.C. has solidified itself as a major tech hub and home for startups to fund and grow their businesses. At the close of 2017, Washington, D.C. housed nearly 2,000 startups that raised over a total of $935,000,000 in funding*, making it an attractive market for Truss.
“Across D.C., you’re seeing older properties being renovated, adding new systems and amenities that attract tenants and give them a better quality of life at work,” says Tom Fuge, Regional Senior Vice President of Truss. “Landlords also see the importance of flexible leases, providing tenants with pre-constructed suites and shorter lease terms. We started seeing the trend in up and coming submarkets like NOMA and the Navy Yard but now see it carrying over into other core submarkets, like downtown and East End.”
“Startups and SMBs used to be neglected by brokers, but not anymore,” said Bobby Goodman, Co-Founder of Truss. “We look forwarding to offering these D.C.-based businesses a platform that will significantly streamline the process of finding and leasing the perfect office space.”Truss is a commercial real estate solution for small and medium tenants and landlords focused on commercial space under 10,000 square feet. The startup makes leasing space simple, intuitive and cost effective in a way that’s never before been possible. The company has raised a total of $9 million in funding to date.