Office Depot is no longer just an office-supply store — now, one of its stores functions as an office, too.
Office Depot just launched its first coworking space in its Los Gatos, California, retail location. The coworking space, known as the Workonomy Hub, is the newest part of Office Depot’s Workonomy platform, a larger initiative aimed at small businesses. The initiative includes tech-support kiosks that the company says will be in 141 Office Depot stores by the end of the month and self-service printing and copying kiosks that it says will be in more than 1,000 stores in the same period.
“We are relentlessly committed to helping small- to medium-sized businesses succeed with a consistent and tailored customer experience through Workonomy,” Office Depot CEO Gerry Smith said in a press release.
Office Depot is a few years behind competitor Staples when it comes to coworking — Staples partnered with the workspace startup Workbar in 2016 to offer coworking spaces at three of its Massachusetts locations. The spaces are very similar, but Staples’ space requires a $130-a-month membership to access, while Office Depot’s charges from $40 for daily use to $750 a month for private office.
It makes sense that Office Depot and Staples would want to get into the coworking business. WeWork, the leader in coworking, is said to be raising additional equity funding at a $35 billion valuation.
Take a look inside Office Depot’s coworking space: