The next time you are hesitant to attend an event, consider that the venue could be a technicolor church or a 150-year-old synagogue or the set of Walking Dead!
If you did, Peerspace already beat you to it and made it happen. The peer-to-peer marketplace is for renting eclectic venues for everything from baby showers to board meetings. Peerspace or the 'Airbnb for event venues,' is now launching spaces in D.C., Atlanta and Boston. These cities join the ranks of San Francisco, Los Angeles, New York, Chicago, Seattle, and Austin.
The company has added over 250 spaces in the three cities ranging from technicolor church, presidential cottage, and 150-year old synagogue in DC; the set from the Walking Dead, mansion built by a TV Tycoon, and loopy circus training center in Atlanta and a colonial farmhouse, a fully-operational TV studio, or an ad agency’s artsy office in Boston.
As corporate culture gets less formal especially in emerging startup hubs, gatherings and events have gotten more personal and quirky, signaling a shift away from conventional venue spaces like banquet halls and hotels.
Party and event rental revenue is projected to show a 2% cumulative growth over the 2016-2020 time period. This, in turn, propels growth in ancillary services including food and beverages, furniture rentals and transport. Peerspace knows this -- the company recently forged partnerships with 50 event services vendors which are brands like Cort Furniture and Le Pain Quotidien.
Peerspace has venue locations in 45 states across the country. The company raised $11M in funding last year from investors including Foundation Capital, Carthona Capital, Red Bridge Partners, and Mitsui Fudosan, a real estate developer in Japan.
According to the company, hosts in D.C. have already earned $20,500 in extra money for renting out their spaces.
