Fiverr leases house on Wix campus

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Israeli freelancer platform Fiverr (NYSE: FVRR) is shifting out of central Tel Aviv to Glilot simply north of the town and can sublease house within the new campus that Wix.com Ltd. (Nasdaq: WIX) is constructing, “Globes” has discovered.

Fiverr at the moment leases 4,000 sq. meters in Farmers Home at 8 Kaplan Road in Tel Aviv, within the coronary heart of the “Scooter Circle” – the realm that features Sarona, Yigal Alon Road, Azrieli, and Hassan Arafa, which has develop into the popular space for tech firms.

Wix goals to sublet a part of campus for double hire

Fiverr’s iconic constructing on Kaplan Road has additionally served as a base for the tech protest towards the judicial reform, as it’s positioned at a strategic level close to Kaplan and Start Streets. Fiverr founder and CEO Micha Kaufman is among the leaders of the protest and through demonstrations on Saturday nights, he often distributes water to passersby from the places of work.

The corporate’s lease for the Kaplan Road places of work expires in about 18 months, and Fiverr is searching for a bigger workplace house that might accommodate future growth. Market sources say Fiverr has been unable to search out its personal constructing and has due to this fact signed a contract with Wix to lease a barely bigger space of about 4,500 sq. meters, with an choice to broaden. As reported by “Globes” about two years in the past Wix plans to hire about 7,000 sq. meters of its workplace house in Glilot.

The quantity of the deal was not reported, however market sources consider that Wix is paying about NIS 120 per sq. meter monthly, earlier than property taxes and administration charges.

The Wix campus in Glilot, which the corporate moved to in October 2022, covers 60,000 sq. meters. The developer is Israel Canada, which signed a 10-year lease with Wix. Sooner or later, a station on the sunshine rail Inexperienced Line will likely be positioned by the campus.

Printed by Globes, Israel enterprise information – en.globes.co.il – on June 12, 2025.