Workplace trends in office space: implications for future office demand

Purpose – This study aims to examine the trends in space per office worker and the influence of a number of factors on the ability to reduce space per worker. These trends are important in that they impact future office demand along with property values. Design/methodology/approach – Using both survey and empirical data a simulation model is used to examine the impact on space per worker over the course of a typical lease. Factors considered include the length of lease, the worker growth rate of the firm, turnover and time to fill positions, the type of organizational management hierarchy, whether dedicated or non-dedicated space is utilized and firm policies toward working out of the traditional office. Findings – Space per worker will continue to decline over time, yet collaborative work environments and the effects of traditional management and cultural momentum suggest that downsizing will take time. Counter to the initial hypothesis, growing tenants do not over-consume space in the early years but ra...

[1]  Charles Tu,et al.  The Operations and Management of Green Buildings in the United States , 2011 .

[2]  Eric Sundstrom,et al.  Office Noise, Satisfaction, and Performance , 1994 .

[3]  Office Space per Worker: Evidence from Four European Markets , 2009 .

[4]  H. Schatz,et al.  Mensch und Technik , 1986 .

[5]  Bertfried Fauser.  Projective Relativity: Present Status and Outlook , 2001 .

[6]  N. Miller,et al.  Slicing, Dicing, and Scoping the Size of the U.S. Commercial Real Estate Market , 2010 .

[7]  W. Wheaton,et al.  The Cyclic Behavior of the National Office Market , 1987 .

[8]  Joel Gendelman.  You can't get something for nothing , 1991 .

[9]  Oliver Conradt,et al.  Mechanics in space and counterspace , 2000 .

[10]  Jill Murphy.  A Piece of Cake , 1989 .

[11]  V. V. Roshchin,et al.  An experimental investigation of the physical effects in a dynamic magnetic system , 2000 .

[12]  Amina Hameed,et al.  IMPACT OF OFFICE DESIGN ON EMPLOYEES PRODUCTIVITY: A CASE STUDY OF BANKING ORGANIZATIONS OF ABBOTTABAD, PAKISTAN , 2009 .

[13]  W. Wheaton,et al.  Urban Economics and Real Estate Markets , 1995 .

[14]  Virginia Gibson,et al.  Flexible working needs flexible space?: Towards an alternative workplace strategy , 2003 .

[15]  J. Mcdonald.  A Survey of Econometric Models of Office Markets , 2009 .

[16]  Tadahiko Mizuno.  Cold Fusion By Plasma Electrolysis of Water , 2003 .

[17]  E. Malizia,et al.  Office Market Analysis: Improving Best-Practice Techniques , 1998 .

[18]  J. Rush,et al.  The Speed of Light , 1955 .

[19]  Fenguangzhai Song.  CD , 1992 .

[20]  T. Wells,et al.  Curiouser and curiouser... , 2003, Journal of wound, ostomy, and continence nursing : official publication of The Wound, Ostomy and Continence Nurses Society.

[21]  J. Clapp.  Dynamics of Office Markets: Empirical Findings and Research Issues , 1993 .

[22]  The orientability of spacetime , 2002, gr-qc/0202031.

[23]  Marco Kalz,et al.  Time will tell: The role of mobile learning analytics in self-regulated learning , 2015, Comput. Educ..

[24]  Henry Dircks.  Perpetuum Mobile... , 2014 .

[25]  Donald A. Beattie.  New Energy Technologies , 1980 .

[26]  G. Saville,et al.  Second Law of Thermodynamics , 2003 .

[27]  Colin A. Jones.  An economic basis for the analysis and prediction of local office property markets , 1995 .

[28]  John Robert White,et al.  The Office building : from concept to investment reality , 1993 .

[29]  Michael S. McPherson,et al.  Paying the Piper , 1994 .

[30]  Adrian Furnham.  Energy at work , 2006 .