The office space allocated to both executives and the average American office worker has been shrinking. Office workers are literally feeling the squeeze of their reduced workspaces. In 1994 the average office worker was allocate 90 square feet of useable space. In 2010 the figure shrunk to a measly 75 square feet, a 17% reduction. Mid level executives have seen there space allocation go from 115 square feet to 96 square feet. Sounds pretty tight, doesn't it? On the bright side, new technologies and a more mobile workforce allow office workers to spend less time working in their cramped areas and more time outside of their workspaces.
Intel has even reduced the average size per worker even further, using desk sharing and team rooms. The intent is to promote innovation through closer contact with team members. Employees who used to work in a 72 square foot space now work in a cozier 48 square foot station.
The incredible shrinking American office cubicle
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Join our discussion about co-working office space at LinkedIn OfficeFinder.
What is co-working office space fom http://en.wikipedia.org/wiki/Coworking
Coworking is a style of work which involves a shared working
environment, sometimes an office, yet independent activity. Unlike in a
typical office environment, those coworking are usually not employed by
the same organization. Typically it is attractive to work-at-home
professionals, independent contractors, or people who travel frequently
who end up working in relative isolation. Coworking is the social
gathering of a group of people, who are still working independently, but
who share values, and who are interested in the synergy that can happen
from working with talented people in the same space.
Some coworking spaces were developed by nomadic internet entrepreneurs
seeking an alternative to working in coffeeshops and cafes, or to
isolation in independent or home offices. A 2007 survey showed that many
employees worry about feeling isolated and losing human interaction if
they were to telecommute. Roughly a third of both private and
public-sector workers also reported that they didn’t want to stay at
home during work. Coworking offers a solution to the problem of
isolation that many freelancers experience while working at home, while
at the same time letting them escape the distractions of home.
Business accelerators, business incubators and executive suites do not
seem to fit into the coworking model, because they often miss the
social, collaborative, and informal aspects of the process, with
management practices closer to that of a Cooperative, including a focus
on community rather than profit. Many of the coworking participants are
also participants in BarCamp and other related open source technology
Coworking spaces are now open in cities around the world. A list of many of these locations is available at the Coworking Wiki.
Coworking is not only about the physical space but initially and mostly
about establishing the Coworking community first. The benefits of
Coworking can already be experienced outside of Coworking spaces and it
is recommended to start with building a Coworking community first before
considering opening a Coworking space. However, some Coworking Spaces
don't build a community, they just get a part of an existing one by
combining their opening with an event which attracts their target group.
A lot of Coworking communities are formed by organizing Casual Coworking
events that can take place in people's living room or in public places
such as suitable cafes, galleries or multi-functional spaces. During
these events Coworkers can experience the benefits of Coworking and get
to know each other which lowers the barriers to join a Coworking space
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Office vacancy index picks Packers in Super Bowl | Chicago Breaking Business
JLL "looked at vacant office space in team’ cities since 2000 and found that in seven of the cases, the team whose city had higher office vacancy rates brought home the Lombardi Trophy."
Kind of a safe pick in by book. In any case, as a Seahawk fan, I could never root for Pittsburgh! Go Packers.
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Office Vacancy Rate
INC.com's 10 Tips for Making Employees Love Their Office:
- Stay Organized
- Make it Comfortable
- Give Everyone a Say
- Consider Openness
- Make the Workplace a Community
- Focus on Utility
- Make the Office Optional
- Make Education a Priority
- Consider Mixing Uses in a Great Space
- Add Some Perks
See the details at INC.com
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According to a recent article in the Finance and Commerce CCIM Report "Nationally, office vacancy rates stood at 19.5 percent in the third quarter of 2010, about the same as in the second quarter and just 50 basis points above the rate in the third quarter a year ago. Vacancy and rental rates across all property types were in a stabilization pattern in the third quarter of 2010. Rents are now 6 percent to 18 percent below their prerecession peak... Office rents are down 12 percent."
More news to show that we have hit bottom in the office space market and will begin the slow climb out.
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