ID Connections

Office space per worker to drop within five years

Published by Julia Salerno, March 28, 2012.

CoreNet Global, a leading association for corporate real estate (CRE) and workplace professionals, service providers, and economic developers, recently released new data from its study conducted in February 2012. The study indicates that, for the first time ever for many companies, the average allocation of space per person in North America will drop to 100 square-feet or below within the next five years.

By 2017, at least 40% of the companies who responded indicated they will reach this all-time low benchmark of individual space utilization, which has been the case in Europe for the past several years. The average for all companies for square-feet per worker in 2017 will be 151 square-feet, compared to 176 square-feet today, and 225 square-feet in 2010.

CoreNet Global attributes the decline to an increase in team-oriented spaces and that companies are stressing a ‘smaller but smarter’ workplace against economic uncertainty and real estate costs. Read the full news release, here.

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