• DOI:10.1108/JCRE-07-2013-0016
• Corpus ID: 154845296

Workplace trends in office space: implications for future office demand

@article{Miller2014WorkplaceTI,
  title={Workplace trends in office space: implications for future office demand},
  author={Norman G. Miller},
  journal={Journal of Corporate Real Estate},
  year={2014},
  volume={16},
  pages={159-181}
}

• N. Miller
• Published 31 July 2014
• Business
• Journal of Corporate Real Estate

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...