"Where we bring extreme value is in situations where tenants arelooking for space that falls in the range of 3,000 sf to 4,000 sfor less," notes Bodenstab. "No one has the time to do a 3,000-sfdeal when they can do a 10,000 sf deal in approximately the sameamount of time. What SpaceLease.com does is provide both analternative and a real solution for tenants looking for a smallamount of office space."

Under the strategic alliance, Colliers International will managethe extensive database of Puget Sound office space for SpaceLease,ensuring accurate, up-to-date information on the office spaceavailable. Bodenstab says the goal is to make SpaceLease.com abrand for Colliers International. The e-brokerage service, whichfollows a traditional brokerage model, is free to prospectivetenants. The service currently covers the Puget Sound regionincluding Pierce, King and Snohomish counties, and is slated forrollout in other major West Coast cities beginning early nextyear.

To use the service, the tenant enters desired criteria such aslocation of the office space, the amount of square footage needed,and the price range he or she is willing to pay, and SpaceLease.cominstantly delivers a list of available office spaces that meet thecriteria. Registered users also have access to more detailedinformation such as photos of the office building and of the floorplan, and a list of precise amenities. If desired, the site allowstenants to schedule an appointment on-line to view the property orto submit an immediate bid.

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