THE NEW OFFICE

One of the most impacted groups during the economic downturn was real estate developers. We are now starting to see commercial professionals in this space bounce back – with a new office development strategy.

OPENING UP

A recent Wall Street Journal article detailed how office space with creative, open floor plans in San Francisco had a 2.54 percent vacancy rate, compared with a 10-plus percent vacancy rate for more traditional, closed-door layouts.

More open work areas have become more critical as mobile and technological advances in communication have allowed workers to move more freely. Standard, highwall office cubicles are being replaced by smaller workstations with smaller separators.

Adjustments to employee barriers are designed to encourage more interaction and teamwork. They also play a role in changing the dynamics of stuffy, crowded meetings inside formal conference rooms. Companies are using open office space to mimic a town hall feel, making employees feel more invested in important business decisions.

COST CONTROL

More open space also can mean more savings to owners’ bottom

It’s no longer considered viable to build expansive, expensive complexes for the common Main Street business.

Developers are instead focused on smaller spaces and energy-efficient additions. lines. Heating costs can be slashed by increased access to sunlight, and cooling costs can similarly be decreased with access to fresh air.

According to the Society for Human Resource Management, company absenteeism and health costs can be reduced by providing employees with a more attractive office with better access to natural light and air versus more contemporary office spaces.

DOWNTOWN DESTINATIONS

This need for cozier, more collaborative space is making the older downtown building an attractive option for business owners, as well.

The National Trust for Historic Preservation reports an uptick in company owners seeking locations close to local shopping and services.

Buildings situated in walkable neighborhoods are closer to dry cleaners, health clubs and restaurants.

Having these options nearby can give employees an increased incentive to spend more time in the office, while also saving owners money in spending on such amenities in their buildings.