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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