[Photo: Office Depot] "When we really did the analysis and said, 'What do we really sell?' we realized that we had excess space from a store perspective," Smith said. "[My wife and I] actually lived in Los Gatos before we moved down to the Florida, so I knew the store, knew the market. It's impossible to get office space in Los Gatos, and the store was old and needed some juice." That said, Office Depot has a steep hill to climb to gain traction in an industry so dominated by WeWork, which has more than 14 million square feet of space worldwide. Office Depot declined to offer any clear roadmap on how it's going to edge its way into the market or where new locations may be. But if choosing Los Gatos is an indicator, Workonomy Hubs may be where there's not direct competition but still considerable demand.