Workspace Demand Grows: Office Evolution Announces New CFO
Office Evolution’s Senior Vice President of Finance, Mike Brower, has been promoted to CFO to continue to strengthen the brand’s leadership team during this crucial time for the industry. With the pandemic accelerating the evolution of the flexible workspace field, the accomplished OE leadership team can continue to ensure there will be plenty of locations providing a “safe haven and great culture, for small businesses and remote workers.”
“This is such an exciting time for Office Evolution and I am proud to help propel this brand even further,” said Brower. “This year has been transformational for Office Evolution. Amid unprecedented challenges, we remained committed to our strategy of offering flexible workspaces that are close to home, which has resulted in an expanded portfolio. I am looking forward to helping continue to drive our strong performance.”
Office Evolution has continued to see an increase in demand for its franchising opportunities, in addition to the demand for safe, flexible, and affordable suburban office space. Since the start of 2020, nine new Office Evolution flexible workspace locations opened across the country, and OE awarded 10 new development deals. This demand indicates that business professionals are looking to secure their financial future with a unique semi-absentee business model that yields significant recurring revenue.
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.