SAN FRANCISCO—In 2017, North American offices average 151 square feet per worker, down from 225 square feet in 2010, according to real estate data provider CoreNet Global. Why the shift? Companies, which have historically been constrained by space limitations, are moving toward proactively reducing their footprint, while capitalizing on the benefits of shared office space such as increased flexibility for employees and more collaborative work environments.

The impact of shared workspaces goes beyond the corporate work environment. Landlords are working to meet the demand for space as a service to tenants rather than providing a space for tenants to service. From the rise of coworking, to the growth of smart building technology, the evolution in how we work is ultimately changing our social and our built environment.

Coworking