Translation:Today, there is room for understanding.
Space and room have the same meaning when they are describing the capacity of something:
There is no space/room for you in the car. I don't have any space/room here. Move over!! I'll make some space/room for you on the shelf for your things.
These words are not synonymous when room is preceded by an article and it is describing the specific place of a building:
I painted the room white. This house is huge. There must be 20 rooms. We are in room number 34.