Office Space Goes from From Me to We

Collaboration is the new normal in today’s offices. (Photo courtesy of JLL Real Views)

SAN FRANCISCO—There are fundamental changes that are taking place in the office sector to meet the growing demands of the new workforce. Space per worker is on the decline, which has been happening for some time. Individual work areas are less about corporate rank and more about functional use, according to Kroll Bond Rating Agency.

With baby boomers retiring from the workplace and millennials moving in, the shift in workforce demographics has forced corporations to rethink space needs. While the me generation of baby boomers may still crave the corner office, younger workers typically prefer a more flexible work place. To accommodate both generations and work preferences, the hybrid office is becoming the new normal, says KBRA.