Office Evolution Expands Michigan Footprint

Wow Bao closes and relocates its Chicago unit as it goes cashless.

Read the original at Franchising.com
Office Evolution Expands Michigan Footprint

TL;DR

Office Evolution is expanding its Michigan footprint with a new location in Troy, in addition to its existing location in Ann Arbor. The brand has 67 locations open and nearly 80 in development, and is the largest coworking franchise in the US.

The new Office Evolution space will join an existing location in Ann Arbor. Though a lease has yet to be signed, the brand is looking at potential sites in Troy.

“We are excited to see the Office Evolution brand continue to grow in markets across the country,” said Mark Hemmeter, founder and CEO of Office Evolution. “We ended 2019 by signing several deals, and that momentum has carried into the New Year. Our industry leading business and franchising models have provided us with the opportunity to help small businesses and independent employers achieve success. We will continue to make progress and enter new markets and we cannot wait to begin serving the small business community in Troy.”

Office Evolution, with 67 locations open and nearly 80 in various stages of development, is the largest coworking franchise and the fourth largest network in the U.S. The model is based on local owners who are committed to serving their community, and is backed by the resources and distribution of a national brand. This sort of model is unique to the category. With more than 24 million non-employer businesses in the U.S. and more than 3.5 million U.S. businesses with four employees or less, demand for shared office space is high.

With dedicated work spaces, including private offices, conference rooms and shared workspace, Office Evolution has solutions for every business. There are also phone-answering services, address & mail services and other professional capabilities to help each small-business owner exceed their goals.

“It is very fulfilling to see our concept enter a new market,” Office Evolution COO and Global Workspace Association Board Member William Edmundson said. “Office Evolution’s goal is to help independent employers and small business owners elevate their operations and take their business to the next level. By establishing our presence in markets like Troy, we can continue to broaden our reach and help business owners exceed their goals and reach new heights.”

Founded in 2003 and franchising since 2012, the Colorado-based company is the largest coworking franchisor in the U.S. With 67 locations open and nearly 80 in various stages of development, Office Evolution is leading the workplace revolution that is projected to see nearly 30 percent of all office space become shared office space by 2030, according to a JLL report.

Office Evolution is currently operating in 24 states, including Arizona, California, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Massachusetts, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Utah and Virginia.

In this story

This story was originally published in Franchising.com on February 28, 2020. Burnaze summarizes and links to the original reporting.

Read the full story at Franchising.com

Liked this? Get the week's franchise news, explained

  • Sunday 8 AM ET weekly + a monthly deep dive
  • Sections picked for the industries you follow
  • Every claim linked to its source. Free.

Free. We'll ask you to confirm. Unsubscribe anytime.