Frequently Asked Questions
Why is Rapid important to you?
Rapid helps you lease faster and acquire more business.
What are the criteria for Rapid Offices?
Spaces listed on the Rapid marketplace are new spec suite or former coworking space offered in Stream leased and managed assets.
Is Rapid coworking?
No. Rapid is an online marketplace for leasing first generation, finished space directly to the occupiers of the space.
Where is Rapid offered?
Currently, Rapid is established in Atlanta, Chicago, San Diego and Washington, DC with Houston and Los Angeles coming online next quarter.
Are Rapid leases short-term leases?
In a word NO. Rapid leases are an expedited process, short form standardized lease. Most leases are 3-5 years, with some as long as 10 years.
How is the short form lease different from
The Rapid short-form lease is a standardized document with a number of areas for limited customization, based on the location, tenant and date. As a standardized document, there
is no third-party attorney involvement in the drafting and signature process for the lease.
How do you process payments for leases?
Payments are processed either via credit card or ACH, reducing the need for manual payment processing or collections activity.
Why is this solution important for owners and investors?
As the office market evolves, more large blocks of finished coworking spaces are back on the market. Rapid offers a turnkey and quick solution to lease finished space, whether they be former coworking or smaller spec suites created in more difficult to lease sizes. Rapid drives revenue and occupancy on these finished spaces without the long process of locating a replacement tenant for large spaces or custom finish tenant for smaller spaces.
Does Stream need to lease and manage my property to be part of Rapid?
Yes. Rapid is allows for seamless leasing and occupancy of space, especially the management of shared amenities in Rapid Flex+ and Rapid Studio locations.
How are space inquiries managed?
Inquiries are directed to the Stream leasing professional for your asset, who responds directly to the inquiry, answering questions, scheduling tours and finalizing lease arrangements.
What does it cost for my property to have spaces listed with Rapid?
Owners pay the usual and customary costs for marketing a property such as professional photography. There is a fee percentage charged monthly for credit card payment processing.
How long does it take you to lease Rapid space?
Though results vary, spaces have been leased in as little as 4 days from inquiry to move-in.
How do I learn more about Rapid?
Contact your Stream representative to learn more or enroll your asset.
How do we tour space?
Complete the information on the Inquire button and your information is sent directly to the Stream leasing professionals in the market requested. They will contact you directly, answering questions, scheduling tours and finalizing lease arrangements.
What services are offered with my space?
Available services vary by property and Rapid offering. RapidFlex+ and RapidStudio spaces offer shared amenities, based on location. Reference the space listing on the Rapid
Offices marketplace to determine the amenities offered with the spaces of interest.
How long does it take to lease a space after I’ve toured?
Based on the property and finish status, you could occupy space 2-3 days following lease signature. The timeline for occupancy depends on any space modifications required for occupancy
Do you have flexible payment options?
Yes! Payments are accepted either via credit card or ACH, depending on your preference.
Why is Rapid a good option for my business?
Rapid offers a turn-key and quick solution to lease finished space, either former coworking or smaller spec suites created in a number of flexible size options. Rapid allows you quick occupancy of turnkey space with easy, short form leases and automated payment options. Rapid allows you to spend less time and energy on where to locate your business and more energy on running and growing your business.