Web site targets leasing needs of smaller businesses

  • JOHN WOLCOTT / Herald Business Journal Editor
  • Tuesday, November 14, 2000 9:00pm
  • Local News


Herald Business Journal Editor

SEATTLE — The Seattle office of Colliers International, the global commercial real estate giant that is used to thinking big, has learned to think small.

It’s launched a new Web site with SpaceLease of Seattle that targets the office needs of small and medium-sized businesses, including those in Snohomish County.

The new Internet presence, at www.spacelease.com, went live on the Web this week, prior to Tuesday’s announcement.

Combining a new Internet company with an established leader in the real estate leasing field should make a profitable "clicks and mortar" partnership, its partners say. The venture is expected to generate $100 million in annual revenues by the end of its first five years in business, even with only a 10 percent market penetration.

Both SpaceLease President Gary Bodenstab and Rob Aigner, executive managing director of the Northwest region, agreed that Snohomish County properties are an important part of the region’s inventory of commercial space, particularly since businesses are moving north from King County as rents rise and available space shrinks.

"We’re specializing in leasing office properties in the Puget Sound region under 10,000 square feet," Aigner said. "We’re the first brokerage in the nation to introduce this" on the Internet.

Bodenstab said the market for such spaces "hasn’t been addressed well" because it provides the smallest return in revenues for brokers and takes a lot of time. Most firms concentrate on the larger properties and larger tenants, he added.

"That’s why this is an important niche for us," Bodenstab said. "We provide a Web site where smaller tenants can find properties, then we help them, both online and in person, to tour properties, plan their needs and put together proposals."

By using the Internet’s power to attract customers who are already looking for space, rather than having to seek out tenants, Bodenstab and Aigner expect to create a more profitable way to serve smaller businesses.

The site’s inventory already includes more than 2 million square feet of commercial properties in sizes under 10,000 square feet. That total climbs to 10 million square feet when new office space under construction and in planning stages is included.

In Snohomish County, properties are listed in Everett, Bothell and as far north as Marysville. Listings will increase as more property owners contribute to the Web site. Presently, owners can fax information to SpaceLease, but soon the site will accept online submissions.

Talk to us

More in Local News

Marysville firefighters respond to a 12-year-old boy who fell down a well Tuesday May 30, 2023 in Marysville, Washington. (Photo provided by Marysville Fire District)
Marysville firefighters save boy who fell 20 feet into well

The 12-year-old child held himself up by grabbing on to a plastic pipe while firefighters worked to save him.

Highway 9 is set to be closed in both directions for a week as construction crews build a roundabout at the intersection with Vernon Road. (Washington State Department of Transportation)
Weeklong closure coming to Highway 9 section in Lake Stevens

Travelers should expect delays or find another way from Friday to Thursday between Highway 204 and Lundeen Parkway.

Students arriving off the bus get in line to score some waffles during a free pancake and waffle breakfast at Lowell Elementary School on Friday, May 26, 2023, in Everett, Washington. (Ryan Berry / The Herald)
800 free pancakes at Everett’s Lowell Elementary feed the masses

The annual breakfast was started to connect the community and the school, as well as to get people to interact.

Marysville Mayor Jon Nehring speaks at the groundbreaking event for the I-5/SR 529 Interchange project on Tuesday, May 23, 2023 in Marysville, Washington. (Olivia Vanni / The Herald)
$123M project starting on Highway 529 interchange, I-5 HOV lane

A reader wondered why the highway had a lane closure despite not seeing work done. Crews were waiting on the weather.

Justin Bell was convicted earlier this month of first-degree assault for a December 2017 shooting outside a Value Village in Everett. (Caleb Hutton / Herald file)
Court: Snohomish County jurors’ opaque masks didn’t taint verdict

During the pandemic, Justin Bell, 32, went on trial for a shooting. Bell claims his right to an impartial jury was violated.

Gary Fontes uprights a tree that fell over in front of The Fontes Manor — a miniature handmade bed and breakfast — on Friday, May 12, 2023, at his home near Silver Lake in Everett, Washington. (Ryan Berry / The Herald)
Everett’s mini-Frank Lloyd Wright builds neighborhood of extra tiny homes

A tiny lighthouse, a spooky mansion and more: Gary Fontes’ miniature world of architectural wonders is one-twelfth the size of real life.

Will Steffener
Inslee appoints Steffener as Superior Court judge

Attorney Will Steffener will replace Snohomish County Superior Court Judge Janice Ellis, who is retiring in June.

Mountlake Terrace Library, part of the Sno-Isle Libraries, in Mountlake Terrace, Washington on Thursday, June 1, 2023. (Annie Barker / The Herald)
Sno-Isle workers cite safety, unfilled positions in union push

Workers also pointed to inconsistent policies and a lack of a say in decision-making. Leadership says they’ve been listening.

A view over the Port of Everett Marina looking toward the southern Whidbey Island fault zone in March 2021. (Olivia Vanni / The Herald)
Snohomish County agencies to simulate major disaster

The scenario will practice the response to an earthquake or tsunami. Dozens of agencies will work with pilots.s

Most Read