EAST RUTHERFORD,NJ—Cushman & Wakefield'sSpaceMatters.Cushman & Wakefield'sJason PriceSpace Matters
- Office density: Occupiers have been allocating lesssquare footage per employee, but that trend is starting to slowdown as businesses grapple with the right balance of personal,private, communal, and break space.
- Amenities: Common amenities—such as fitness centersand cost-effective food options—still remain very important.However, there is large opportunity for growth in how technologyamenities are leveraged by occupiers and landlords.
- Parking: In many urban sub-markets parking supply is achallenge. Prices have been increasing, and occupiers are lookingat creative options to meet the challenge. Also looming in thefuture is what impact autonomous vehicles may have on parkingdemand.
- Concessions: Free rent and tenant improvementallowances increased over the past year, but gains were driven bygateway markets in 2017. This trend will spread, and some secondarymarkets will soften as absorption slows down and/or new supplycomes online.
RevathiGreenwoodCushman& Wakefield
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