At a recent CORFAC seminar in Las Vegas, I had the opportunity to hear Chris Lee of CEL & Associates, Inc present an intriguing overview of the U.S. commercial real estate market. Among the nuggets that pertain specifically to the office market:Wow! . . but Fairfax planners continue to assert that office space per worker is 300 square feet.
Will office buildings “function more like a Marriott and operate like Sabre”?
- The amount of office space per worker could shrink to 50sf – 75sf, and 25% of workers will be “Club” employees
- Office buildings will shift from 8 to 6 to 24/7 activity centers
- “My Place” will replace “My Space” as workers seek opportunities to create virtual offices, connective portals and “swarming” venues
- Office space will be leased by units of consumption rather than square footage
- Future leasing decisions will be made by the Director of Human Resources to reduce growing generational conflicts and enhance worker productivity
- Moveable, “intelligent” walls will replace fixed offices. Windows will have electro-chromic glass which turn them into multi-touch screens
- “Pop-Up” workplace cubicles, exercise and/or ergonomic office furniture and pink noise systems will be commonplace.
Reston 20/20 is an independent Reston citizens committee dedicated to sustaining Reston's quality of life through excellence in community planning, zoning, and development.
Reston Spring
Friday, May 24, 2013
One Forecast of Shrinking Office Work Space
InSiteSF, a San Francisco commercial real estate blog, reports the following from a presentation at a recent real estate seminar:
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