Monday, July 8, 2013

You thought you had the office market all figured out

There have been a lot of articles written about the smaller office of the future, perhaps getting as small as 100SF/person.  Gen Y and technology all playing a role and the recent trends in office leasing weighing in as well, all giving credence to the small office.  Then I read an article that said, wait a minute, this may be the result of where we are in the economic recovery.  Small businesses tend to downsize faster than mid and large size companies.  They also are the first to start adding jobs.  So small businesses are leasing space again, under 25,000SF, to suit their needs.  The big guys should weigh in later in the recovery and perhaps move that office size to the larger size.  Interesting to see what will happen here. You have to believe that with technology eliminating the square footage for housing servers and paper files that the office footprint will still be somewhat smaller.

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