NEW YORK CITY-Less personal space and more collaboration are the trends defining the office scene in 2012 – but don’t expect the big users to go away, says Bill Goade, CEO of Cresa. With 55 locations back in North America, 800 employees and $225 million in revenue, the Boston-based tenant representation firm is seeing that from Beantown to the Big Apple, lack of new supply is driving class A space higher. GlobeSt.com talked about that and more below:

GlobeSt.com: The financial services sector is facing a tough leasing environment this year due to looming job cuts and increased federal regulations. How will that impact office space?

Goade: New York has been one of the places that have recovered more quickly than the other markets. We’ve seen that some of the gateway markets have recovered quickly too, like Greater Boston, San Francisco, Seattle and L.A. Anything that will put a little damper on demand in New York is not necessarily a bad thing, certainly from our perspective from just representing the tenant. The class A space has become expensive again. Rates are starting to near where they were in 2007, so that recovery has already happened. I haven’t seen the effects yet of the layoffs that everyone is predicting. There might be some fallout, but I don’t think it will very negatively affect the New York market. The difference with New York is the lead time to build anything new, and the amount of new product is fairly modest. The lack of new supply will continue to have space be at a premium.