The ideal office space is changing. Per Lee Harkness’ article below companies are opting for more commercial areas. The shift comes from a general downsizing of employee desk or office space and the desire to be where the action is.
At Office Furniture Outlet we see a trend in smaller work spaces. Customers are seeking out multiple use furniture, for example, a conference table that breaks down into training tables. The second trend Harkness mentions is wide open space for better interaction between employees. Doing away with the closed door office layout. The third and fourth trend is all about environment making sure offices have natural light and in a walking neighborhood. The article below suggests that employees who have access to local shopping spend more time in the office. The commercial office space is going to become a part of the revitalization and rehabilitation of downtown’s and neighborhoods.
This means that businesses can be creative in selecting a new office space and landlords need to be prepared for a new kind of tenant.
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April 16, 2012
By Lee Harkness – DJDC executive director , The Post-JournalSave
Recently I was reading an article in Main Street Now with regard to trends in commercial office space.
Actually after reading the article it may also pertain to retail business space. Advanced technology has made huge changes in today’s workforce as well as locations for today’s workforce.
Smaller, older buildings have become much more attractive for conversion into office space – and we have seen this trend right here in Jamestown. Today’s workforce also requires less space, so many of our commercial district locations are now becoming much more attractive.
What exactly are trends in todays commercial office and business space?
The first trend indicates tenants are reducing their office space needs by using less space per each employee. The need to cut expenses has led tenants and potential tenants to look for flexible office space with overall goals of decreasing costs per employee.
The second trend indicates it has become very obvious that commercial space and layouts are shifting. There is a shift to remove barriers in offices to increase interaction among employees. Office space is becoming more open. As stated, a recent Wall Street Journal article reported how “creative” office space with open floor plans had a 2.54 percent vacancy rate compared with 10.55 percent vacancy rate for more traditional spaces – this included the typical closed door office layouts.
The third trend shows landlords and tenants are more sophisticated about sustainability and the bottom line. Building owners, and tenants, are becoming much more aware of office costs while taking into mind employee satisfaction. Company absenteeism and employee health costs can be reduced by providing employees with more attractive offices that have better access to natural light and ventilation – this is particularly so when compared to the older types of office setups. Buildings located in walkable neighborhoods that offer basic services and retail opportunities provide much more flexibility for building owners and tenants alike. Managers are learning that employees who have ready access to local shopping spend more time in the office being productive.
The fourth trend says that, “The redevelopment cycle of some neighborhoods has now reached the commercial office space stage.” It has been discovered that downtowns undergoing revitalization and rehabilitation are now becoming attractive location for commercial office space development. If enough of this development occurs you will see more restaurants and retail growth starting to appear.
The emerging trend in office space design of smaller, open work stations with more collaborative shared spaces allows formerly obsolete buildings to be redesigned into more contemporary office space. In addition, the positive environmental attributes of older buildings are appealing to both tenants and landlords. As reported in the article regarding these trends, Main Street building owners should be prepared to tell potential tenants, along with commercial real estate brokers how their buildings and real estate can meet these trends. A real proactive approach is critical in appealing to new types of tenants and owners who are looking at new building options that they might not have a few years ago.
via Main Street Now Report Highlights Trending Office Space Changes – post-journal.com | News, Sports, Jobs, Community Information – Jamestown | Post-Journal.