This paper introduces a compositional semantics of locativeprepositional phrases which is based on a vector space ontology.Model-theoretic properties of prepositions like monotonicity andconservativity are defined in this system in a straightforward way.These notions are shown to describe central inferences with spatialexpressions and to account for the grammaticality of prepositionmodification. Model-theoretic constraints on the set of possibleprepositions in natural language are specified, similar to the semanticuniversals of Generalized Quantifier Theory.