An innovative new concept that has sprouted multiple locations around Texas is expanding into Florida and targeting Orlando for its market entry.

XSpace Group originated its concept in Australia and now has projects built or in the works in Austin and Houston, Chairman Howard Ecker told GrowthSpotter. The company has engaged veteran Orlando developer Tom Nelson to assist in site selection.

“Florida is a great target for us — Orlando, Daytona. We have two potential sites in Daytona. We’ve identified Miami is also a target of ours. There’s several cities in Florida that I think could take an XSpace, but my belief is we crawl before we walk before we run — and we’re in the process of just starting to run in Texas. And at the same time, we’re quite interested in sites in Florida and we’re going to look at them. I think Orlando will probably be our first venture into Florida, just because of the demographics and all that’s going on there.”

Each XSpace building runs about 100,000 square feet and sells customizable office suites as small as 400 up to 10,000 square feet, with mezzanines and terraces. The concrete construction buildings include vehicle lifts and center drive aisles so the owner can park right in front of his suite. Each building costs about $20 million to build.

What exactly is XSpace?  Watch the video below:

Source:  GrowthSpotter