Learning spaces are mission-critical for colleges and universities. Yet institutions lack a commonly accepted set of standards for learning spaces, lack a way to measure how well they work through a third-party certification, and lack a substantive way to compare their spaces to peer and aspirant institutions. Inspired by the success of environmental building rating systems, this paper makes the case for a Learning Space Performance Rating System and describes the development of such as system--currently in its early stages--so as to enlist broader interest and support in the initiative.