5 pricing strategies to consider for your space.
Last updated on April 20, 2026
Once your space has been approved on Spare Space, the next step is to set your pricing. How you price your listing can directly impact how often you get booked and the kind of guests you attract.
While pricing is completely up to you, here are a few tried-and-tested strategies to help you find the right balance between visibility and profitability.
1. Compare your pricing with similar spaces nearby
Start by researching other listings on Spare Space in your area. Look for spaces similar in size, design, and purpose - whether they’re used for shoots, workshops, or small gatherings.
Check their hourly rates and see how many bookings or reviews they have. Spaces with more positive reviews and social proof can generally command higher prices, while newer spaces may need to start a bit lower to attract early bookings.
2. Offer competitive pricing to build traction
If your listing is new, consider setting a slightly lower price at launch. This can help you attract your first few guests, collect reviews, and build credibility faster.
Once you’ve earned some positive feedback and photos from real bookings, you can gradually increase your rate to match market standards.
3. Be transparent about your total pricing
Guests appreciate clear and upfront pricing. Include everything in your hourly rate that comes standard with your space - furniture, lighting, and amenities.
Avoid hidden fees wherever possible. If you charge extra for cleaning, overtime, or add-ons like equipment, catering, or décor, mention them clearly in your listing description.
Transparent pricing builds trust - and trust leads to repeat bookings.
4. Adjust pricing based on use and demand
Different activities bring different levels of wear and tear and booking duration.
- Events usually have higher demand on weekends and involve more setup and cleanup — consider setting a higher rate.
- Shoots and productions tend to last longer, so you can balance this with slightly lower hourly pricing to encourage longer bookings.
- Meetings or workshops may be shorter, so a slightly higher hourly rate can make short bookings worthwhile.
Pro Tip: Keep an eye on your booking trends for the first few months — they’ll help you fine-tune your pricing strategy and find your space’s sweet spot.