Peerspace is a brokerage site used for short-term rentals for photo shoots, video productions, events, podcasts, meetings and the like.
Historically, Peerspace made their revenue by taking a percentage off of every single booking done through their website. However, recently Peerspace has instituted a bidding system which allows location managers to pay to have their spaces ranked higher in the site’s search algorithm.
What will this do for renters? What will this do for location managers?
Short answer; things are likely to get more expensive for everyone.
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