How Much Office Space Do I Need in 2019?

When working with an office tenant, one of the first questions we ask is, “How much space do you need?” Surprisingly, many times a client isn’t sure, or has unrealistic expectations of their size requirements. In the past, office buildings were built to accommodate approximately 3 or 4 people per 1,000 square feet of rentable space. With rent being one of the highest expenses for a company, many organizations have looked to place more people in the same square footage. Why is this not always feasible? Well there are a few reasons:

Will Shared Working Space Disrupt Traditional Office Leasing?

In the now seemingly distant past, all work was about leaving your home and going to your office. Then the digital revolution changed that and gave people the opportunity to work within the comfort of their homes. Even startups that evolve into the leading companies of the world start from the homes of their CEOs.

The startup and freelancer mode of work hasn’t yet managed to dominate the working sphere, and we already have another trend that’s gaining in popularity and influence – the shared working space. Only a decade ago, shared offices were practically unheard of, and now we’re discussing their effect on the very existence of traditional offices.

But how much of an influence does this mode of work have? And more importantly, is it disrupting traditional office leasing?

CBI News, Commercial Real Estate, CRE AdviceCommercial Brokers InternationalFebruary 13, 2019commercial office building experience, office parking, office layout, office market, offices, office real estate, real estate returnsComment

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