Brightspark 3.0 Inc.

Brightspark 3.0 Inc.

September 01, 2009 07:30 ET

iStopOver Helps Businesses Find and Rent Short-Term Business Space

New social media website helps businesses rent the business space they need, when they need it - Rent a desk, office, studio, boardroom or even a parking spot by the day, week or month.

TORONTO, ONTARIO--(Marketwire - Sept. 1, 2009) - Brightspark, the creators of iStopOver for Home Rentals, today launched its Internet rental site for business space, iStopOver for Office Rentals (www.istopover.com/office). The Internet business facilitates direct, hassle free, short-term rental of office space. iStopOver provides a fully automated service for booking office space in cities around the world, offers a convenient, secure and cost-effective alternative to signing long-term leases with agents or property managers.

Unlike renting through online classified listings, iStopOver's booking process is completely automated, with financial transactions being handled through the website, creating a streamlined process for Guest and Host. Posting and browsing listings on iStopOver is free. Guests pay a small service fee only upon a successful stay.

Many companies continue to spend a great deal of money on long-term leases for space that they are not currently fully utilizing, with virtually no opportunity to sublet. At the same time, a large number of small businesses, professionals and startups are looking for short-term access to business space. iStopOver brings these two groups together.

The office vacancy rate nationwide in the US rose to 15.2 percent and will likely surpass 19.3 percent over the next year, according to a March 2009 report from Reis, a New York firm that tracks commercial property. That would put the vacancy above the level seen in the real-estate bust of the early 1990s, the worst on record. Subletting blocks of space is becoming more and more difficult. iStopOver for Office Rentals provides an alternative that enables businesses to recover costs and even make a profit from excess space.

iStopOver enables companies to capitalize on extra office space that they may need in the future, but don't currently use. "iStopOver made it so simple to list our excess space, I don't have to give it another thought," said April Grieman, owner, Made in Space (madeinspace.la).

"Just as the Internet travel sites changed the face of booking travel through by-passing agents, iStopOver is facilitating direct home and, now, office rentals without agents," said Mark Skapinker, co-founder iStopOver. "Office real estate rentals are among the last markets still dominated by high agent fees and the inconvenience of indirect selling. iStopOver is offering a useful service that automates the process."

iStopOver for Office Rentals follows Brightspark's successful release, earlier this year, of iStopOver for Home Rentals which lets travelers rent rooms in Host's homes directly from the Internet.

For more details, visit www.istopover.com/office

About iStopOver

iStopOver is the place on the Internet for short-term direct rental of excess capacity in homes and offices. iStopOver for Home Rentals caters specifically to direct rental of space in people's homes - rooms, apartments, B&B type accommodation. iStopOver for Office Rentals specifically caters to direct rental of business space - cubicles, desk space, offices, meeting rooms, boardrooms, presentation centers, warehouses, studios - even parking spots.

iStopOver is part of Brightspark 3.0 Inc, Canada's leading startup experts. Brightspark's founders and managers are experienced technology entrepreneurs that have been creating and running software and Internet businesses for over 25 years. Brightspark's focus is to build and operate market leading Internet businesses.

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