TL;DR
Office Evolution aims to strengthen its foothold in the Dallas market, fueled by the area's thriving economy and growing demand for startups. The brand has nine locations planned or currently under construction across Dallas/Fort Worth, Austin and Houston.
Fueled by a strong industrial and financial sector, the Dallas economy is thriving and as a result, businesses are flocking to the area looking to get a piece of the pie. What was once a city known for manufacturing, the area has since become a hub for many Fortune 500 companies including ExxonMobil, AT&T, Southwest and American Airlines, just to name a few.
But aside from corporations, the Dallas/Fort Worth market has also become a great place for startups to grow, and executives are choosing to abandon their corporate jobs to go out on their own. Area resident Bob Fox, former Senior Manager of Global Development for Halliburton, is a great example of a corporate executive who followed his passion to find entrepreneurial success.
After spending nearly 30 years with one of the world’s largest oil field service companies, Fox jumped into consulting in 2016, running his own company as a strategic advisor to private equity and public companies. Through this transition, he realized how much he loved helping companies grow, and decided to pursue other business opportunities that would allow him to drive the success of local businesses. This search led him to Office Evolution.
“There is such a wide variety of professionals in the Dallas/Fort Worth market that are in need of support,” said Fox. “There are corporations that have commuters frequently visiting from all over the country, a growing number of small business professionals, lawyers, financial analysts and tech startups, and all of them need office space. We knew Office Evolution could provide them with a solution.”
In partnership with his wife Vicki, a former surgical nurse, the couple opened their first location in Southlake, Texas in June 2018. In just six months, their location has frequently reached capacity, proving that there is a high demand for space.
“Aside from the growing economy, much of our traffic can be attributed to our location. We’re in a great facility in the Southlake Town Square,” said Fox. “We were able to lease our office space much faster than we anticipated.”
Because of this growth success, Bob and Vicki are already in the process of looking for their second real estate location with plans to potentially grow beyond two units.
“The DFW area is a great place to be right now,” he noted. “It has a growing ecosystem of startups and Fortune 500 companies that can benefit from our affordable and flexible space and services. We aim to continue capitalizing on that.”
This Dallas area growth is part of Office Evolution’s larger plans for the state where the brand has nine locations planned or currently under construction across Dallas/Fort Worth, Austin and Houston.
“We look to develop in areas of the country that are seeing strong economic growth, and Texas has a number of cities where we know our model would thrive,” said CEO and founder of Office Evolution Mark Hemmeter. “Texas is a state that celebrates community, and the great thing about our concept is that we don’t just open workspaces, we open communities for entrepreneurs to connect, collaborate and network to achieve their dreams. For this reason alone, we believe our model will help us achieve statewide growth.”
In this story
This story was originally published in 1851 Franchise on December 21, 2018. Burnaze summarizes and links to the original reporting.
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