Office Evolution Seeks Suburban Coworking Middle Ground

Coworking

Posted by: Andrea Pirrotti | March 23, 2020

As seen in the Sacramento Business Journal:

Office Evolution Seeks Suburban Coworking Middle Ground

Marcus Cain, the owner of the franchise Office Evolution location in Folsom, sees his office space solution as a happy medium between corporate-run coworking spaces and purely local operations.

With 7,200 square feet of office space on two floors at 50 Iron Point Circle, the Folsom Office Evolution space opened in November, and it will have a grand opening event on Wednesday.

“You have all the amenities of a corporate structure, plus you have a local owner. It’s the best of both worlds,” Cain said.

50 iron circle FolsomOffice Evolution inhabits a middle ground between corporate coworking space managers such as WeWork and Regus, and smaller independent coworking spaces.

Cain still works in software sales, which he calls his day job, out of an office at the Folsom Office Evolution. For years, he worked out of Regus offices, which are small and targeted at professionals and remote workers. Founded in Belgium in 1989, Regus PLC is based in Luxembourg now and has office space in 900 cities in 120 countries.

Office Evolution, founded in 2003 and based in Louisville, Colorado, has 67 locations open and operating in 24 states, according to its website.

Office Evolution targets more local companies seeking office space for the first time, Cain said.

In Folsom, the offices range from 70 to 150 square feet. They can be rented month-to-month or for a year or longer. The Folsom location also has an open coworking space, where clients can use shared desk space.

Office Evolution has secure mailboxes, which allow startup businesses to have a mailing address that isn’t a post office box.

Cain has a 10-year lease on the space in Folsom. He and the building owner, Iron Point Investors LLC, shared the cost of several hundred thousand dollars to build out the space.

“We have companies that start small, and then they grow into needing more space. It is a good feeder for the owner,” Cain said.

Cain is also looking to open an Office Evolution space in Roseville, he said. “Downtown is not our niche. We are looking at suburban markets.”

Marcus Cain’s business partner and wife, Jennifer, used to be a Round Table Pizza franchisee. That made the Cains more comfortable with being franchisees and receiving support from a national franchiser, he said.

For more information about the Office Evolution location in Folsom, click here. Or find an Office Evolution location in your area.

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