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Warehouse Exchange Announces Expansion of Warehouse Marketplace to 154 Warehouses in 33 States

Warehouse Exchange, the virtual place of space

Warehouse Exchange announces a growth stage with 154 warehouses in over 33 states on its marketplace platform (www.warehouseexchange.com).

LOS ANGELES, CA, USA, June 6, 2022 /EINPresswire.com/ — In 2020, Warehouse exchange raised $2.2 million in seed funding to build and scale breakthrough digital warehouse market. With the addition of key staff in leadership positions and a focus on sales and marketing, Warehouse Exchange experienced a huge expansion in its user base, at the height of the COVID-19 outbreak. 19. Strategic hiring, along with constant improvements to their digital marketplace, has generated strong results. Q1 2022 produced a 416% increase over Q3 2021 in total contract value (TCV) and the company exceeded its internal goal of providing warehouse space in over 33 states with a total of 154 warehouses.

“The initial challenge for Warehouse Exchange was to find large owners of warehouse space who could see the vision of a platform allowing them to benefit from flexible tenants on demand. It was a new idea for them and Our success is built on partnering with these early adopters. They helped prove the model and we are now building on their initial commitment to open up a new world for small businesses in need of warehousing space. – Grant Langston, CEO of Warehouse Exchange.

Warehouse Exchange quickly expanded its supplier base with significant gains in categories such as regional industrial properties, 3PLs and retail. Through agreements with retailers like outdoor shopping giant Tanger, Warehouse Exchange is adding facilities at a rate that will cover the United States by the end of 2022 and lead to international expansion in 2023.

These supplier categories, among others, have contributed to a cultivated supply pipeline of over 10 million square feet.

Warehouse Exchange is seeking the next round of funding needed to fuel the growth of the flexible warehouse market. CEO Langston says, “The right strategic partner is vital for us in this phase. They need vision to understand where we are going and practical experience to guide us through the challenges of growing beyond 100 employees and 1,000 suppliers.

The warehouse industry is booming in the United States. A recent study by the National Association of Warehousing and Logistics (NAWLA) revealed that the demand for warehouses has increased significantly in recent years and is expected to continue to grow in the future.

This demand is driven by several factors, including the growth of e-commerce and the need for businesses to stock more inventory. The NAWLA study found that the average size of warehouses in the United States has increased by almost 50% over the past decade and the number of warehouses has increased by 30%. Warehouse Exchange has continued to capitalize on these business needs year after year.

This growing demand for warehouses has shown a direct correlation with the continued success of Warehouse Exchange, further developing its online market and expanding its transnational profile. Businesses looking to rent/lease warehouse space can now easily connect with warehouse owners listed on the website interface.

About Warehouse Exchange

Warehouse Exchange, The Virtual Place for Space, is a digital marketplace for buying and selling warehouse space. It focuses on connecting warehouse owners with companies looking for available warehouse space. Warehouse Exchange is leading the global shift to flexible, on-demand warehousing. Companies with excess storage space list their location on our site and using our algorithms we provide the best match to space buyers. Warehouses are listed across the United States. These warehouses are easy to find and book with the user-friendly navigation of the Warehouse Exchange website.

Max Timko
Warehouse Exchange
+1 732-278-8500
write to us here

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