A recent marketplace trend reveals businesses are striving to make their workspaces more efficient and to decrease their square footage.
Law firms especially have started to reduce their space, and many are assigning more lawyers to a single assistant than in years past. Baker & McKenzie in Chicago is going to move down the street from its current office building to reduce space used per attorney by 300 square feet.
And many other corporations are moving or changing their space into more open floor plans to be able to house more employees in less space. Architects and furniture designers have taken note and are helping companies reduce their needed space by building flexible workbenches, for example. Even the federal government is trying to make better use of its space.
The trend may even carry on after the economy recovers. Click here for more information. For updates on marketplace trends, commercial real estate, real estate values and the changing workplace, subscribe to our blog by entering your email address in the box on the right-hand side of the page. Just confirm the subscription to make sure you start getting our updates delivered straight to your inbox.
Photo from picses.eu
Tags: business moves to smaller space, businesses use less space, commerical real estate, marketplace trend, office tenants, smaller workplace, workplace
