I’ve noticed this myself out here in Los Ángeles. The market is getting saturated in the area
I am experiencing the same issue here in Chicago. I feel like it is related to clients being asked to now pay 50% up front by Peerspace.
I’m in Boston and I’m seeing a big drop-off in requests too. I’ve been hosting for a few years and I will say that summer tends to slow down bookings, which I think is mostly related to people choosing to do more outdoors, whether shoots or events.
My work has a photographer has also slowed a bit, though not as substantially as PS bookings. I agree that economic uncertainty, the WGA strike, and possibly A.I. could all be factors.
I hope things pick up again as it gets colder/rainier - we’ll get through it!
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Hi Harold,
Thanks for expressing your concerns! I wanted to hop in and clarify that historically, Peerspace has collected 100% of the booking cost from guests upon confirmation/ host acceptance. Recently, we implemented the option to pay 50% upon booking confirmation, and then 50% later on. This was designed to make it easier for guests to book spaces without having to pay 100% upfront.
That being said, demand on Peerspace is cyclical and can be subject to some seasonality. We normally see less demand throughout the summer months, followed by an uptick in the months leading up to the holidays.
If you have any questions, please feel free to reach out to our Customer Experience team.
Thanks!
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im sorry to hear that, how do i start to get book ?
I’m in Brooklyn as well. Similar issue. Not crickets, but certainly a dip in inquiries.
I generally dial down paid advertising in the summer and up my free social media and email marketing.
Listing services and Peerspace a never a priority in the summer.
I noticed around the end of March that Peerspace effectively turned off their Google AdWords campaigns in my market (Kansas City Metro).
Although great for my business as the bidding became way less competitive for leading keywords, I think that spend in the local market put my space along with hundreds of others on the map and in front of customers who otherwise wouldn’t have found us. That yielded a nearly total drop from a couple thousand a month in revenue to under a $500 dollars a month in revenue for our photo space in less than two months. We had 140 hours of bookings in February and now have a total of 8 on the books for this entire month.
I double checked the auction insights and it seems they’ve shifted their ad strategy and effectively cut their spend almost entirely in certain markets. Facebook/Instagram ads are also minimal.
I’m just a few miles from the West Coast Studios and many, many, production companies. My last booking for a production was April. Today, I get an inquiry for a MOS Commercial. I hope to get it, I count on this income.
Someone who gets the big picture!! Good on you for looking up your AdWords.
I’m in NYC so the bidding here is tough and volatile. Haven’t looked at what Peerspace is doing in my local market, but perhaps that’s part of the reason for the dip here too.
I’ve never seen a Peerspace FB or IG ad in my life.
Atlanta is suffering the same fate at the moment
Brand new stunning space in the SF Bay Area. Not a single inquiry so far. Hoping it’s just economic jitters. Tech companies are doing lots of layoffs right now. Trying not to freak out.
Natural light studio in historic building.
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It’s the slowest I’ve seen in 33 years of renting out my studio, I believe this one is due to the writer strike in Hollywood.
The strike could last for months.
It looks grim out there.
I have zero booking and inquiries this past few months.
Is there any instances same with mine? I am not sure if I am even visible in search result.
I’m in New Jersey, but close to NYC. Only two inquires this year, with 1 - two hour booking late March. Dead ever since. When I do random Google searches for a studio, let’s say 20 miles from a particular location, I hardly ever see a Peerspace listing come up on Google. I also question the Peerspace search engine that seemingly lists studio on the other side of the country at the top of the results when I search in my city.
Have other has the same experience in search?
I have zero booking and inquiries this past few months.
Is there any instances same with mine? I am not sure if I am even visible in search result.
ive barely had anything! a few inquires, and then i never hear from them again. right after i turned on instant booking, all the inquiries went away 
I have zero booking and inquiries this past few months.
Is there any instances same with mine? I am not sure if I am even visible in search result.
Hi everyone! I’m having trouble getting many inquiries (let alone actual bookings) since I’ve joined a couple months ago. I’m not sure if I’m marketing my listing the best I can and wanted to get feedback from the community in case anyone had recommendations? I’ve also created an Instagram account (@greenlanebooking) to see if that helps direct more traffic to my page but obviously its still very early stages. Would love to hear your feedback, thanks!
It all came to a crashing halt once I made Power Host. The inquiries literally stopped cold … and I’m talking since January! Anyone else experiencing this? I doubt it has to do with gaining Power host status, which I’ve since lost by the way, but what is it then? Thanks for any feedback!
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Hi everyone – While bookings as a whole are increasing steadily on Peerspace each year, we understand that decreases in demand for your own space can be frustrating. There are several factors at play. First, this business is seasonal, and it’s normal for hosts to see increases and decreases in demand depending on the time of the year and region. Second, guest preferences and trends change regularly and vary market by market. Third, there may be some macro factors at play – for example, hosts who typically receive production bookings may see a decrease in demand as a result of the actors and writers strikes.
All this said, we’d love to see you get more inquiries that you can turn into bookings! Fortunately there are some time-tested strategies you can implement to increase your competitive edge.
Below are some of the key metrics used to determine your listing’s sort order:
Conversion Rate: The first metric used to sort listings is your inquiry-to-booking ratio. This means, the more inquiries you convert into completed bookings, the higher your listing will be ranked. Additionally, if you feel that a guest is on the fence about your location, we recommend sending them a custom booking offer with a slight discount. A sales mindset will be an asset to your conversion rate!
Response Rate: The faster you respond to all initial messages, the higher your listing will be sorted.
Reviews: The better your average review, the higher your listing will be on the platform. To achieve this goal, we recommend answering any and all pre-booking questions, making sure your space is in pristine condition when the guest arrives, and being on-site to assist with any issues. World-class customer service will be key in raising your review score!
Number of Bookings: The final piece of the puzzle is the number of bookings you execute. This metric is very much tied to the conversion rate. In order to grab the attention of potential guests in the age of scrolling, we have a couple of recommendations:
Guests typically enter an hourly budget between $80-$300. If you are priced above $300/hr, you may have an opportunity to increase your minimum hour requirement in order to lower your hourly rate. If this does not apply to your space, make sure your pricing is clear and all-inclusive.
Revisit your images. High-quality photos set the tone of your space and are key in attracting initial demand. Consider adding a floor plan (if applicable), additional shots of the raw space, and photos from past activities. To have the most impact, choose your best, most unique photograph as your cover photo.
One thing we would be remiss if we did not mention, is that we do not have the ability to manually adjust the sort order. If moving up in the sort order is a goal, it is key to improve these metrics. In the event you are not getting enough inquiries, we also recommend advertising your space on social media and using word of mouth with friends, family, and your local community.
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