What does going green, technology, job cuts, and a recession all have in common?They are all factors in why office rehabilitation is currently a trending topic in the office industry. Keep reading to learn more about how being aware of these changes in the marketplace can help YOU as a commercial real estate professional make the best decisions on behalf of your clients:
The “Less Space” Desire
- No more big, private offices: shared private enclaves where people can "touch down" and be connected without taking up large amounts of space and being too tied down to a physical desk is the new approach.
- A shift in design that is geared towards activity-based planning: employees are doing more activities throughout the day that may include meetings, planning sessions and coffee dates and thus require more different types of space to collaborate.
- Goodbye to drywall: "Clients are looking for more flexibility, which translates into lower construction costs and lower tenant improvement costs. Forty percent of the space in private offices requires a lot of drywall. Going to fewer than 17 percent private offices cuts drywall by a third or a half."