Chicago-based commercial real estate technology startup Truss has unveiled a new platform that will help landlords streamline the leasing process. The platform, which is designed for small and medium tenants and landlords focused on commercial space under 10,000 square feet, already claims several big-name firms as users including Zeller Realty Group, GlenStar Properties, Newmark Grubb Knight Frank and Transwestern.
With Truss, landlords can post listings and subleases at no cost and market vacant spaces directly to tens of thousands of tenants. Landlords can manage listings and transactions in one place via a cloud-based platform using their own lease documents.
“Office space is the second largest expense to small businesses and we believe this complex business transaction should be as simple and transparent as possible,” said Truss Co-Founder Bobby Goodman.
Goodman has over 15 years of experience in commercial real estate, the majority of it with Colliers International and Jones Lang LaSalle, where he completed hundreds of transactions. Goodman has raised $1.5M in initial seed funding for his startup from Chicago Ventures, Hyde Park Venture Partners, New Coast Ventures, the Co-Founders, and others.
According to Goodman, Truss’s platform provides a holistic solution that educates tenants so landlords can spend less time answering common questions. The early vetting of qualified tenants and immediate feedback from tours also leads to a shortened time to lease. With all communication and documentation in one place, everyone remains on the same page throughout the whole leasing process.
“We’re finally introducing smart technology that provides a total solution for Landlords to market their properties to tenants and better manage their leasing workflow,” added Goodman.
Truss is free to prospective tenants. Landlords pay the market rate for tenant representation on a closed lease but shares a “signing bonus” of 30% with the Truss Tenant.