WareSpace Scales Micro-Bay Network with Five-Property Portfolio Deal

The acquisition adds nearly 500 micro-bay units to the firm's national footprint, which now spans 30 locations. By converting these assets into climate-controlled, move-in-ready workspaces, WareSpace aims to provide local contractors, e-commerce brands, and distributors with the amenities of large-scale industrial facilities without the burden of long-term, oversized leases. CEO Levi Cohen noted that the firm specifically targeted these regions due to their acute supply constraints, where finding professional-grade space under 2,000 square feet remains a persistent challenge for small business owners.

Following a recent $700 million capital raise, the company is utilizing its vertically integrated model to expedite the rollout of these hubs. The new portfolio breakdown includes 223 units in Austin, 91 in Miami, 90 in the Inland Empire, and 80 in San Diego. COO Joseph Ely emphasized that the move validates the growing institutional appetite for co-warehousing, transforming underutilized industrial sites into essential infrastructure for local economies.