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🏭 WareSpace buys 5 buildings, hits 32 sites
Eric Golman at WareSpace shares that the co-warehousing operator bought five buildings from an Expand 👇 institutional fund (440k sq ft), taking it to 32 US locations and into Austin (x2), the Inland Empire, San Diego and Miami. He ties the expansion to his own early miss: a 40,000 sq ft warehouse when he needed ~1,400, plus surprise build-out costs that left him with ~$250k of personal guarantee debt.
Flex for small industrial users is the same movie as coworking: right-sized space, predictable monthly cost, building ops already handled. Watch co-warehousing keep industrializing that pitch.
🗞 Week 29, 2026
🔗 Direct Link
🤝 Market Moves
⏱ 8 days ago.
📦 FlexEtc opens Phoenix cowarehousing hub
Shannon Price of FlexEtc announced a nearly 70,000 sqft cowarehousing hub opening in Phoenix’s South Expand 👇 Mountain industrial corridor this summer.
The site will offer flexible warehouse suites, loading access, conference rooms and content studios for entrepreneurs, e-commerce brands, trades and distributors.
🗞 Week 26, 2026
🔗 Direct Link
🤝 Market Moves
⏱ 29 days ago.
🛋️ IKEA-backed circular-economy furniture rental startup raises €50M
Danish-Swedish furniture-as-a-service company NORNORM secured €50M in mixed equity and debt from Expand 👇 existing investors including Inter IKEA, Verdane, Banco Santander, and Philian Invest (H&M heir Karl-Johan Persson’s investment vehicle), bringing total capital raised to €170M. Founded in 2020 by former IKEA executive Anders Munk Jepsen and Skype co-creator Jonas Kjellberg, Nornorm rents office furniture to businesses on flexible subscription basis with six-month cancellation notice, focusing on easily refurbished pieces sent to warehouses for repair and re-rental.
The company more than doubled revenue in 2024 from €1.47M to €3.11M and achieved profitability for the first time, operating a circular business model where reuse and refurbishment directly improve margins rather than encouraging higher material consumption.
🗞 Week 41, 2025
🔗 Direct Link
📰 News & Views
⏱ 288 days ago.
📉 Florida eliminates commercial lease tax effective October 2025
Florida Governor Ron DeSantis signed House Bill 7031 on June 30, 2025, eliminating both state and Expand 👇 local sales tax on commercial property leases effective October 1, 2025, making Florida the last state in the U.S. to end this tax category. The repeal removes the combined 3%-3.5% tax burden (2% state rate plus 0.5%-1.5% local surtax) on office, retail, industrial, and warehouse space that has existed since 1969, saving commercial tenants $2.5B annually while costing the state approximately $1B in sales tax revenue. The tax applies based on occupancy period rather than payment date, with rent for periods after October 1 exempt from tax even if paid earlier, though short-term residential rentals under six months and vehicle/boat/aircraft storage remain taxable under separate statutes.
The elimination represents Florida’s first statewide tax repeal since the intangibles tax ended in 2006 and is expected to reduce occupancy costs for coworking operators, flexible workspace providers, and all commercial tenants statewide.
🗞 Week 41, 2025
🔗 Direct Link
📰 News & Views
⏱ 288 days ago.
🏗️ Another office to shared warehouse conversion project
Portal Warehousing announced the recent closing of 3200 Gateway Centre Blvd in the Raleigh-Durham Expand 👇 MSA. The property will undergo conversion from office to warehouse space, involving primarily interior demolition and the addition of loading docks.
Once operational (Spring 2026), Portal Raleigh will house over 70 different businesses, while Portal continues actively seeking new expansion opportunities.
🗞 Week 33, 2025
🔗 Direct Link
🤝 Market Moves
⏱ 344 days ago.

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