Fiverr cancels plans to lease space on Wix campus
Fiverr has canceled its plans to lease office space at the Wix campus in Glilot, Israel. The decision leaves the future of the real estate deal uncertain as Fiverr continues to evaluate its office needs.
Why it matters
This cancellation highlights ongoing adjustments in the commercial real estate market as tech companies re-evaluate their physical footprint.
The leasing deal in which Fiverr (NYSE: FVRR) was to move to the Wix (Nasdaq: WIX) campus in Glilot has been canceled, "Globes" has learned. This brings the curtain down on one of the prominent office real estate deals for the Wix campus, after it was first revealed in "Globes" last year that Fiverr was in talks to lease space there.
According to the original plan, Fiverr was supposed to lease about 4,500 square meters on the Wix campus, with an option for expansion in the future. This was the area that Wix is offering for rent as a subtenant from its campus in Glilot, which spans about 60,000 square meters.
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