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It could earn $60,000 a month.
There’s a third option for empty commercial space. Not selling. Not leasing to one tenant for $2/sqft. You convert your space into a shared-use facility and run it yourself - with our training and our technology. Same building. Ten times the revenue.
Most landlords have two playbooks. There’s a third.
If your space sits empty - or under-rented - you’ve been told there are two paths: hold and wait for a tenant, or sell. Both leave money on the floor. The third path treats the building like an operating asset, not a static lease. You become the operator. Same building. Same title. Different return profile.
Lease it to one tenant.
Vacancy risk between leases. TI dollars paid up front. Five-year hold with a rate cap and tenant-driven buildouts you don’t recover. The standard playbook - and the one that yields $1.50–$2.50/sqft.
Sell the asset.
One-time appreciation. Capital gains. You exit. You no longer own the cash flow, the upside, or the building - and you’ll pay market to buy back in. A reasonable choice in a hot market. A bad one in a flat year.
Run it yourself as a shared-use facility.
A new playbook for shared-use space. Commissary Connect trains you on the model; coconnect is the technology that runs the floor. You keep the title, you keep the revenue.
Single-tenant leasing was built for a different decade.
Industrial, retail and small-bay commercial across BC sits at $1.50–$2.50/sqft/month. When tenants leave, revenue is zero. When they stay, it caps at the lease rate. The numbers below are what that costs you in real dollars.
An empty bay earns nothing - and that money never comes back.
BC industrial small-bay vacancy ran 9–14% last year. Every month a 3,000 sqft space sits empty is $4,500–$7,500 of revenue gone for good. The next tenant doesn’t make up the difference; you start the meter back at zero.
One tenant means one rent cheque - even when they’re killing it.
A fully-leased single-tenant building earns what the market rate allows. The operating margin the tenant generates inside your building belongs to them. You wrote a lease at $2/sqft; they’re doing $40/sqft of business in there.
$100K+ of TI, then a tenant who folds.
Build a kitchen for a restaurant; they close in year two. You’re left with a half-finished space, a marketing problem, and a buildout the next tenant probably wants different anyway. Tenant improvements rarely come back.
You’re operating real estate - not a business.
Single-tenant ROI requires market appreciation to make sense. A managed shared-use facility trades on operating multiples - 5–10× EBITDA in this category. Two buildings of identical sqft can sell for very different numbers depending on which one runs as a business.
You run the facility. We give you the playbook and the platform.
Two partners stand behind you. Commissary Connect teaches you how to design, launch and operate a shared-use facility - the curriculum is built from running nine of them. coconnect is the technology platform that runs the floor: bookings, access, metering, billing, A/R. You stay the owner-operator on every dollar of revenue.
Free space assessment.
A Commissary Connect operator walks your property, checks zoning and utilities, and models the conversion against comparable facilities. Underwriting-grade projection in 5 days.
Free, no obligationOperator training.
You enroll in the Commissary Connect operator program: vertical selection, station design, member acquisition, pricing, A/R, compliance. Mentor support from operators running facilities today.
You: complete the programBuildout + tech install.
You project-manage the conversion against our spec. Stations, kiosks, controllers, sensors and the coconnect OS get installed. Activation is $18,500 standard (or $9K upfront + installments); hardware itself is billed monthly per active device - no upfront capex on the equipment.
You: project-manageOpen the doors. Keep the revenue.
The platform handles bookings, access, metering and billing from day one. Pricing scales with your facility - a workstation tier base fee, a software tier (Core or Pro), hardware subscription on active devices, and a 2% revenue share. Every dollar above that is yours. Mentor calls weekly through ramp.
You: run the floor · own the upsideWhat does your space earn under coconnect?
Conservative numbers from operating facilities. Adjust the sliders to match your space - the projection updates in real time. Numbers below assume average utilization for the vertical (~70%).
Your space
Adjust for your actual conditions.
The honest answers, before you ask.
If this all sounds too good, it’s because most landlords have never seen the operating model. Here are the questions every owner asks on the first call - and the actual answers.
Activation is $18,500 standard, or $9,000 upfront with the balance billed in installments. Hardware (controllers, kiosks, sensors, gateway) is billed monthly per active device - no capital outlay for the equipment itself. The buildout is yours to manage against our spec, and Commissary Connect covers how to scope and tender it.
None of the above. You stay the landlord and become the operator of the facility inside the building. Commissary Connect is your training partner; coconnect is your software vendor. You keep title and you can sell at any time.
The platform agreement is month-to-month after an initial ramp period. There’s no multi-year operating lockup; you’re paying for software and training, not selling rights to your building.
You’re left with a fully-equipped, market-ready commercial facility - worth more leased traditionally than when you started. Downside is bounded; upside is uncapped.
Most industrial, light-industrial, M-zoned and commercial parcels do; some require a minor amendment we walk through during the assessment. We tell you up front whether your specific parcel qualifies.
9 facilities. 128+ stations. Revenue flowing.
coconnect isn’t a concept. It’s a proven platform operating across British Columbia with paying members every day. Here’s the building the model was first proven in.
Industrial Ave
4,500 sqft converted to a 15-station commissary kitchen. The reference deployment for the operating model - gateway stability gate passed, ECU Pro v2 in the field, stabilized at $60K+/mo gross. The building was bought half-empty in 2023 and was generating roughly ten times the rental income inside 90 days of conversion.
“We bought a half-empty industrial bay. Inside 90 days it was generating ten times the rental income. coconnect runs everything - we just collect.”- Property Owner, Vancouver
Tell us about your space. Get a projection in 5 days.
A real operator (not a sales rep) walks the property, models the conversion against comparable facilities, and sends you an underwriting-grade projection. Free, no obligation, no follow-up sequence.