OfficeSpace.com - Site Release Questions

Thank you for taking time to learn more about our new features. In addition to the answers supplied here, we welcome any additional feedback.

1. What is the main reason behind the new officespace.com?
2. What does it mean to "increase the velocity" of the real estate transaction?
3. How long have has the new site been under development?
4. What impact do we expect the new site to have?
5. What are the most significant changes regarding the new site?
6. Can you describe the new user interface in more detail?
7. Can you describe the mapping changes in more detail?
8. Can you describe the searching changes in more detail?
9. Can you describe the OS Tools in more detail?
10. What distinguishes OfficeSpace.com from other real estate web sites?
11. How will these changes affect OfficeSpace.com’s competitive position?
12. How will the new site benefit the commercial real estate community?
13. How will the new site benefit vendors?
14. How will the new site benefit tenants?
15. Was there a cost to use the old site?
16. Is there be a cost to use the new site?
17. What is the difference between a platinum subscription and a membership?
18. Does OfficeSpace.com have any plans for a national expansion?
19. Are there more changes forthcoming?
20. Can you provide some background on the Company?

1. What is the main reason behind the new officespace.com?

Our underlying objective is to increase the velocity of the real estate transaction

2. What does it mean to "increase the velocity" of the real estate transaction?

	By providing better access to high quality information, we expect our tenant users to become better educated prior to starting their actual search for space
	By having a basic understanding of how the process works, we expect that tenants will be able to make decisions faster
	By working with knowledgeable tenants, agents will be able to spend less time on the basics and added time on the more critical aspects of the relocation process, such as the negotiation of lease terms

3. How long have has the new site been under development?

	For about 5 months, since the middle of January 2005
	The site is the result of many years of research where we have asked what we can do better, and how we can make it easier to use

4. What impact do we expect the new site to have?

	We are changing the way Corporate America finds real estate in a way that benefits brokers and tenants alike
	We anticipate doubling of our web traffic within the first 90 days of launch
	We expect the new site to provide tremendous benefits to all participants in the commercial real estate process

5. What are the most significant changes regarding the new site?

	New corporate identity (logo and tag line)
	New user interface providing for more intuitive navigation
	New mapping technology
	New and improved search capabilities
	New content in the form of OS Tools

6. Can you describe the new user interface in more detail?

	The number of links on our home page has been reduced by more than half, from over 40 to less than 20
	The site invites you in according to your profile and provides for specific links that you will find to be useful
	Our new Quick Search feature is located on every page of our web site

7. Can you describe the mapping changes in more detail?

	With the click of a button, you will instantly be able to map the results of any search for space
	The map will automatically zoom in to the level of detail that shows all of the locations on the screen
	You will be able to mouse-over an icon to get more information about that location
	Clicking the icon will take you directly to more detail about that property
	Maps will also be provided in reports that our members can print directly from the site

8. Can you describe the searching changes in more detail?

	First and foremost, properties are much easier to find
	A new Quick Search feature will be located on every page, allowing you to find matching properties in a matter of seconds
	Search results will be available in map format, list format or both
	Our new Advance Search feature is the most powerful commercial real estate search technology available today
	Our find property feature has been upgraded to also search our database for real estate companies and agents

9. Can you describe the OS Tools in more detail?

	OS Tools represents the area where we have added the most new content
	A new section on Frequently Asked Questions about commercial real estate leasing has been added
	A 20+ page Small Company Moving Guide has been added. The guide is provided in response to the resource gap that occurs from when a tenant signs a lease and when the move into the new space occurs. The guide will be linked in with task management site, allowing our users to start with a set of pre-populated set of tasks, assign responsibilities and track progress.
	A new section offering move related coupons remains under development with a target launch date of August 1st

10. What distinguishes OfficeSpace.com from other real estate web sites?

We are the only web site that has equal focus on all participants in a commercial real estate transaction: Tenants, CRE Professionals and Vendors

11. How will these changes affect OfficeSpace.com’s competitive position?

	We expect that they will solidify and extend our market leading position
	We expect that our OS Tools section will broaden our offerings to the point of gaining new users from outside our core market areas

12. How will the new site benefit the commercial real estate community?

	Agents and landlords will benefit from faster lease transactions
	When working with OfficeSpace.com’s tenant users, agents will be able to spend less time on the basics and added time on the more critical aspects of the relocation process
	Agents will have more tools at their disposal when servicing their client needs
	Our products are competitively priced and agents should see their cost for information continue to decrease

13. How will the new site benefit vendors?

	Vendors can subscribe to daily space activity reports which point them in the direction of potential new business
	Our new section on move coupons will allow vendors to reach businesses on the move at a fraction of the cost compared to traditional direct mail campaigns

14. How will the new site benefit tenants?

	Tenants will be able to gain a basic understanding of the market before engaging the services of a real estate professional
	By having a base knowledge of how the commercial leasing market works, tenants will be better able to utilize the services of their real estate agent
	Often times, the person assigned the task of moving the company has as their only prior experience a household move. Our new OS Tools section and Move Guide will simplify the process and ensure that the move goes as smooth as possible.

15. Was there a cost to use the old site?

	Yes and No
	Most of our basic property information is accessible at no charge
	Our members pay between $50-$80/month for access to additional property details, market statistics and the ability to generate reports
	Our advertisers pay between $25-$75/month to feature a property or add their logo to our web site
	Vendors pay a monthly fee to access market intelligence and building rosters
	Visitors can currently purchase a daily membership license for $15

16. Is there be a cost to use the new site?

	Yes and No. We are introducing three new levels of service.
	Our Silver plan is very similar to what our current registered users receive and will continue to be free
	Our Gold plan will take some of our current membership offerings along with some of our new features and make them available at a monthly rate of $29-$49, depending on the number of months purchased
	Our Platinum plan offers access to all of our Gold features and adds access to OS Tools, our Move Guide, and Moving Coupons, at a monthly rate of $39-$69, depending on the number of months purchased
	A daily membership license is no longer available

17. What is the difference between a platinum subscription and a membership?

	Membership is available at a monthly rate of approximately $49-$79, depending on the type of membership purchased
	Members have complete access to our real time market statistics
	Members have the ability to create client ready reports
	Members can save lists and searchs as favorites for easy access
	For a compete listing of features, visit our membership details page

18. Does OfficeSpace.com have any plans for a national expansion?

	Our current focus is to successfully re-launch, grow our Spokane market which we launched in February, and to continue to service our existing clients
	We will investigate expansion opportunities as they present themselves and we will inform you as soon as we have any announcements to make

19. Are there more changes forthcoming?

	Our entire 10 year history is an evolution based on client and user demands
	OfficeSpace.com’s ability to adapt to changing market conditions is fundamental to our long term success

20. Can you provide some background on the Company?

	OfficeSpace.com was founded 10 years ago this August
	Our first web site went live on January 1, 1996
	After nine years of tracking a billion square feet of commercial real estate for tenants and brokers we think we understand what the market is asking for and have delivered it with the new OfficeSpace.com

Back to prior Page