Over the past decade there has been a move to seriously squeeze-down office square footage per person, to the point where life in the office is almost as bad as the squeeze we suffer in airline seats. Not surprisingly, more companies are realizing that the cost savings of the “squeeze factor” often has diminishing returns in worker productivity. This is prompting businesses to begin to design offices spaces with increasing square footage providing more shared spaces.

The Wall Street Journal reported yesterday that design firm Ted Moudis Associates analyzed 2.4 million square feet of projects they are managing, and found that many companies are expanding the selection of alternative places to get work done such as cafe and kitchen areas, informal living room spaces and quiet zones. The game has changed on the office front, but the challenge is that changes, even if authorized by management, will take at least a year to implement.

Job Listings

THE MICHAELS ORGANIZATION
Controller

(LODI, CA)

Controller will oversee all financial and accounting activities for the organization. Responsible for budget management, financial analysis, forecasting, investor reporting, financial modeling and financial reporting.

BRENNAN INVESTMENT GROUP
Senior Property Accountant
(ROSEMONT, IL)

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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