Four Trends Affecting the Office of the Future
Trends in office space are transforming and offering more to tenants. Amenities—retail is becoming critical to attracting tenants whose employees are searching for a more robust amenity base. Vouchers in exchange for parking—as parking options are declining within CBD submarkets, landlords have opted to provide vouchers for Uber and Lyft. Tech infusing all of office—smart technology is growing and landlords are providing connectivity to office lighting and HVAC systems via iPhones and employee tablets. Sticker shock will only get worse—as demand outpaces supply, rents have gone up. Take into consideration rising construction costs, and boosts in rent will only increase. To build a new building, particularly in Atlanta, developers estimate a cost of $500 per square foot (sf).