Workbox has announced its expansion to Pittsburgh with a new location on the 31st floor of One PPG Place in the city’s downtown area.

The company’s CEO John Wallace cited Pittsburgh’s collaborative business community and strong professional services industry as key factors in choosing the location. The new space, set to open in January 2025, will aim to provide local entrepreneurs and businesses with access to Workbox’s coworking community.

There are so many different terms used to describe flexible workspace. There’s coworking, serviced offices, executive business centers, conference centers and more. And they all seem to be the "future of" the office. Workbox CEO John Wallace recently spoke with Commercial Property Executive on recent market moves, and his take is on the state of flexible workspace.

One highlight of this discussion is the focus on differentiation on the market. Much like hotels have luxury, business travel, long-term stay, all-inclusive and budget brands that focus on their target audiences, coworking and flex is starting to follow suit. Meaning, all office is becoming essentially flex by default, but what type of flex is dependant on who they serve. Enterprise-grade, events and meetings focused, small business focused, content production specific, or even warehousing for logistics and fulfilment.

John Wallace, CEO at Workbox, joins Liz Elam on the GCUC Podcast and shares his professional journey and how their brand differentiates themselves through a combination of a focussed approach and a commitment to sustainability.

The Workbox team announced that they’ve closed their latest funding round, securing $17.5M in capital, with an option to tap in a further $5.5M. The round was led by Chicago Atlantic, who have over $2.1B in AUM.

CEO and Co-Founder, John Wallace, noted that “Workbox has more than doubled its revenue every year since inception, but it took a capital partner with the ability to look beyond office market headlines to see the true size of our opportunity in this trillion-dollar sector. The current environment has opened a path for reimagining the workplace and realigning owner and operator interests in a sustainable way.”

Workbox in the news again this week, this time for their expansion to Dallas, with John Wallace noting that they’ve been looking to grow into Dallas and the wider Texas market for a couple of years now.