4 Factors Driving Office Space Decisions

There is a lot of talk about how much the landscape has changed in the commercial office sector, with the rise of the creative office at the forefront of the conversation. Global brokerage firm Cushman & Wakefield recently released a report, Space Matters, detailing the reasons for some of these changes to traditional office spaces and how space decisions are being made by occupiers today.

According to Cushman, there are four main factors that are highly important to today`s commercial real estate executive when making space decisions. Read on for the breakdown...

#1. Office Density...
#2. Amenities...
#3. Parking...
#4. Rent Concessions...

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RSK: Good study. When it comes to CBD office space the problem with the older buildings are not enough on-site parking. The newer buildings all have sufficient underground and/or bi-level ramps. With a few large buildings on the books on East Washington, some of these older buildings may suffer in occupancy or rent concessions.