1. place for dancing; dance floor
2. landing (of a staircase)
連れてこられたのは、屋上へと続く階段の踊り場だった。The place I was brought to was the landing of the stairs leading up to the roof.
3. leveling off (e.g. in the economy); cooling off; (period of) stagnation; lull; plateau
景気は今、踊り場にある。The economy is currently in a lull.