Friday, May 3rd, 2019 May3rd2019

Sell for More News: Office Depot enters coworking business

Published on May 3rd, 2019

Sell for More News is a weekly blog series with interesting information from the world of commercial real estate.

 

You know Coworking has officially gone mainstream when office supply companies are trying to get their piece of the action.

Office Depot recently announced it will add new coworking spaces to its stores as it expands its business services offerings.

The coworking centers, dubbed Workonomy Hub, most recently opened in Lake Zurich, IL and Irving, TX following the concept’s August debut in Los Gatos, CA.

Customers pay into a variety of membership plans to use the in-store coworking spaces, which include private offices, conference rooms, dedicated desks and access to mailing, shipping, marketing, printing, concierge and tech support services.

“Coworking spaces are a natural extension of our retail stores and are the latest example of our company’s transformation from a traditional office products retailer to a broader business services and solutions provider,” said Kevin Moffitt, executive vice president, chief retail officer for Office Depot.

The company is attempting to transition from a big-box retailer into a business services provider.

 


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About Beau Beach, CCIM

Beau is a tenacious Commercial Real Estate Broker, author and adoring father of four. His clients appreciate his no-nonsense demeanor and his legendary work ethic.

Beau leads Beachwood which is a commercial real estate broker for sellers in the Nashville, Milwaukee, South Florida and Chicago markets.

He’s the author of the books The 3 Reasons: Why Most Commercial Properties Don’t Sell and True Wealth: What Every Seller Should Know About 1031 Exchanges.

Beau can be reached at 414.324.4938, 615.603.9770, click to schedule a call or Beau@ProwessIRES.com