Seattle-Based Listing Service Expands into South America

SAO PAULO, BRAZIL-The commercial real estate listing service Officespace.com has expended its presence to South America through a licensing agreement with a Brazilian partnership. This new service, which operates under the name Officespace.com.br, marks the Seattle-based company’s first expansion outside the U.S.

After several months spent translating the site into Portuguese and populating the site with data, the site was launched last week with 149 buildings totaling 11.8 million sf of rentable space and 453 available spaces. Officespace.com president John Suryan tells GlobeSt.com he expects further expansion throughout Brazil over the next several months and throughout South America over the next couple of years.

“Brazil is like the U.S. was twenty years ago in terms of available real estate information – you can find it, but you have to know where to look and who to call,” says Suryan, whose firm will receive an annual licensing fee as well as a percentage of revenue. “Our service will bring tremendous efficiency to a fragmented market and we see this as a great opportunity”