Co-working space provider WeWork is exploring the idea of leasing retail space, according to The Real Deal. Applying its model — furnished spaces on short-term leases — would be a logical extension to its existing business, sources told the publication.

The company, which investors have valued at some $20 billion, is also reported to be looking at managing retail spaces in its buildings as a potential amenity for its office tenants, these sources say.

WeWork garnered retail headlines recently when it purchased Hudson's Bay Co.'s Lord & Taylor flagship store for some $850 million. A push into co-living spaces is also under way.

"WeWork has justified its sky-high valuation on the promise that it has the data and design expertise to help businesses become radically more efficient in their use of office space," writes Axios reporter Christopher Matthews. "The move suggests that WeWork believes it can also make money helping retailers invent the brick-and-mortar store of the future."