Coworking Co. Likes What It Sees In the North County
A San Diego husband and wife are going into the coworking business by opening a San Diego County location of Office Evolution, a company based in Colorado.
Ritika Sehgal and Saurabh Singhal are looking for a location, preferably in North County.
“We’re in the process of looking for the exact location. We’re looking in the coastal areas, just a little north of UTC up into Carlsbad,” Sehgal said.
Sehgal has background in software engineering and previously worked for a medical technology company.
Singhal’s background is in customer management.
“The need for coworking is expanding, in our minds,” Sehgal said. “I’m definitely looking to build more than just an office space. I’m looking to develop a community having access to people who can offer help to each other.”
She hopes to appeal to a “younger entrepreneur.”
“By young, it doesn’t mean young in age. It means someone who is just starting out,” Sehgal said.
“San Diego has such a dynamic and diverse population. We’re looking to provide an opportunity for people who don’t want a long commute, who want to work nearer their homes,” Sehgal said.
That’s particularly true in North County, Sehgal said...
“Our sweet spot is being in suburban markets,” Edmundson said. “Because our model is focused on the small business, the professional service companies, we do really well in suburban markets. Our centers are smaller than a traditional coworking space, 7,000 to 10,000 square feet.”
The company has coworking spaces in 64 locations with plans to expand to 80, including in San Diego. In California, it has coworking franchises in Mill Valley, Walnut Creek, Los Gatos and Folsom.
Office Evolution has more than 70 locations open, 140 units sold in markets across the country and is poised for further growth as the demand for affordable and safe, workspace close-to-home continues to rise.