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WareSpace Expands National Presence through Major Acquisition

In a significant move to bolster its national operations, WareSpace, a prominent player in the micro-bay warehouse industry, has successfully acquired a five-building industrial portfolio. This transaction, announced on July 15, 2026, marks WareSpace's largest acquisition to date and its very first at a portfolio-level.

The total area of the newly acquired portfolio spans an impressive 441,000 square feet, with plans for nearly 500 micro-bay units, each ranging from 200 to 2,000 square feet. This acquisition strategically enhances WareSpace's footprint in four vibrant U.S. markets: Austin, the Inland Empire in Southern California, San Diego, and Miami—regions known for their active industrial sectors.

WareSpace has carved a unique niche by bridging the gap between traditional industrial real estate designed for larger tenants and the needs of small businesses, which often require significantly smaller, yet functional, spaces. By focusing on the needs of residential service contractors, e-commerce brands, and distributors, WareSpace addresses a critical market demand lacking attention from conventional industrial real estate.

Levi Cohen, the Co-Founder and CEO of WareSpace, emphasized the importance of this acquisition by stating, "This acquisition deepens our presence in some of the most supply-constrained industrial markets in the country. These are four of the tightest markets for a small operator to find space, which is what attracted us to these assets." He added that small businesses have long been underserved by traditional industrial providers, and this acquisition demonstrates the strong institutional interest in a business model aimed at these smaller operators.

By offering an inclusive pricing structure, short lease terms, and readily available climate-controlled spaces equipped with essential industrial amenities like loading docks and racking systems, WareSpace is setting a new standard for small business operations.

With this acquisition, WareSpace's total portfolio now includes 30 locations nationwide, a growth trajectory supported by a recent $700 million capital raise, which has broadened the company's capacity for larger transactions and further expansion in the co-warehousing and micro-bay sector.

Breakdown of Acquired Units by Market

• - Austin: 223 units across two locations
• - Inland Empire: 90 units
• - San Diego: 80 units
• - Miami: 91 units

Joseph Ely, Co-Founder and COO, commented on the strategic direction following the acquisition, stating, "This transaction is not a shift in strategy; it is a continuation of what we've been building. We are transforming underutilized industrial assets into vital hubs for local small businesses." He further noted that small businesses are the backbone of their communities, and their spatial needs often go unnoticed by larger industrial landlords.

About WareSpace

WareSpace is a forward-thinking real estate firm dedicated to the development of co-warehousing and small-bay industrial spaces, which range from 200 to 2,000 square feet. By creatively repurposing dated industrial properties into thriving environments, WareSpace supports local small businesses. Its vertically integrated structure allows for stringent quality control across services such as acquisitions, development, construction, finance, operations, marketing, and sales.

To discover more about WareSpace and its offerings, visit warespace.com.