As a real estate agent for the past 7 years, I feel it’s my moral obligation to say this: $2,200/month for 650 sq ft in Fort Worth is absolutely absurd.
That’s over $3.30 per sq ft for what is essentially warehouse/storage space. They told me Wi-Fi is basically one of the amenities, which is a joke when you can get business Wi-Fi for around $30/month.
Texas is known for having some of the most affordable commercial real estate in the country, with traditional warehouse space often available around the $1/sq ft range depending on the area and lease terms. Paying more than triple that for a tiny space is insane.
You could literally be putting $2,200/month toward a mortgage on a house instead.
I highly recommend talking to local warehouse owners and comparing traditional commercial leases before paying this. Personally, I’d rather have another business owner receive my shipments and operate out of a storage unit temporarily than pay $2,200 for 650 sq ft. Absolutely outrageous pricing.
*Edit* Response to owner: I appreciate the response, but I think several of these points are misleading and I feel obligated to clarify for anyone reading this.
In Florida, 12-month commercial leases are very common, and your pricing is actually more expensive than what I’ve seen in Florida. In Texas, two-year leases are also very common. I encourage anyone reading this to fact-check me and simply call a few local commercial real estate agents before assuming a traditional warehouse requires a 3–5 year commitment with a personal guarantee.
As for the “additional features,” most of these are things you would expect from a normal warehouse. Loading docks are standard. You don’t necessarily need a forklift if you have a loading dock — you can use pallet jacks, which you can find for around $100 used on Facebook Marketplace. Industrial racking is also not some massive added value. You can buy shelving for around $130 at Costco or get it from Home Depot.
And honestly, nobody is running up some massive utility bill in a warehouse. The utilities being included is not exactly a game-changing benefit.
But even if everything you said is true and all of these features have value, $2,200 a month for 650 square feet is still absolutely a joke. You could literally purchase a 1,000-square-foot house in some rural Texas counties for significantly less than that monthly payment, rent it out, and potentially operate your business out of it.
Please, anyone reading this, do your own research. Call local commercial real estate agents, talk to warehouse owners, and compare your options. You can even knock on the doors of local warehouses and ask about partnering with them to receive shipments while you operate out of a more affordable space.
I’m not saying your service has no value. I’m saying the price is completely disproportionate to what you’re actually getting, and I strongly encourage small business owners to explore every alternative before committing to this.
*Free advice*
As constructive criticism to WareSpace, I think there’s a huge opportunity to offer something much more valuable. Partner with a local Dallas charity, tool library, or organizations like the Frisco Public Library that provide equipment, and include those resources in the membership.
Imagine a true coworking warehouse with embroidery machines, CNCs, 3D printers, laser cutters, etc. Even offering “free 3D printing for members” would be a huge selling point.
I’m saying this because I genuinely want to see small businesses succeed, and I want to see WareSpace succeed too. This is constructive criticism, not an unfair attack. There’s a much better business model here if you focus on giving small businesses resources to build and manufacture, rather than primarily providing expensive storage.
