Assuming very conservatively that an office with 20 employees requires 4400 sq ft, 2million/4400=454. Isn't that an extremely low number for one year of operations?
They are connecting on average 2,000 sf per office, so they are smaller startups, probably averaging 10 employees.
>Isn't that low for one year of operations?
I'd be pretty happy with that ramp. Those are serious numbers in a short span of time. I worked in Multifamily brokerage so we sold apartment complexes rather than renting office space, but the average broker would sell between 1 and 5 assets a year.
Helping to facilitate 1,000+ transactions from a ramp of zero is awesome.
Remember that in the early stages exponential growth looks worse than even linear growth. (example: http://www.wolframalpha.com/input/?i=y%3D1.5%5E%28x-3%29%2C+...)