Open Plans Put the Squeeze on Office CMBS

The growing trend of open office plans has shown to increase productivity and lower expenses for many companies.  However, the effect on the commercial real estate market is starting to be seen.  “According to a survey by CoreNet Global, companies allocated 225 square feet per employee in 2010,” says Mary MacNeill, managing director for CMBS at Fitch. That allocation fell to 150 square feet or less per worker by last year, a reduction of approximately one-third.  The idea of an open floor-plan is certainly more efficient, but is it also a sign of "a difficult time" for the office sector? Find the full article here.

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Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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