Shifts in the Office Sector
Overview
To date, the slow national recovery in the office sector has been driven largely by negative forces such as high unemployment rates and owner desires to reduce operating costs. Today, however, there exists an opportunity to counterbalance those negative influences by understanding the technological, generational and locational forces that are driving the new frontier in office space demands. This demand for “creative space” offers an opportunity for investors to leverage changing space utilization trends through investment in office assets that provide a competitive advantage against other space in the market.