The future of the workplace is starting to change at the local level. Offices filled with employees are being replaced by a more diverse, collaborative environment, one where workers can decide where and when they work.
Coworking spaces are becoming the new norm for employees, providing a constructive environment both for remote workers at larger companies and entrepreneurs in need of their own office site, away from the home.
And so far, there doesn’t seem to be an end to this particular trend.
Shal Khazanchi, associate professor of management at Rochester Institute of Technology’s Saunders College of Business, said how, by 2020, “the average amount of space per employee will drop 250 square feet, down from 400 in 1985,” according to a report in Forbes.
“So clearly, the space for employees is shrinking,” Khazanchi said. “And companies are investing less and less in large office spaces.”
While traditional office space investment has declined, there has been an uptick in converting large spaces into a more diverse coworking model, featuring communal areas, desks and office suites. According to a 2018 report published by the commercial real estate research and investment management firm Jones Lang LaSalle, there’s been exponential growth in this sector.