Multiple Generations and The Future of Office Space

What does the changing of the guard within America’s workforce mean for the office market? Firstly, the retirement of the largest generation in history – the Baby Boomers at 80 million – has caused some to resign themselves to the fact that we will be needing less office space. But the reality is more complicated because people are working into their retirement years: the raw numbers say that, as of 2016, nearly 9 million people aged 65 or older were still on the job.  Beyond this, there are the later Boomers, now aged 55 to 64, numbering 25.5 million in the workforce, and are likely to swell the ranks of the 65+ (working) cohort with an additional 15 million by 2025....   ...more

RSK: Gen Z and Boomers working well past 65 will not be enough to create a demand for more office space.