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Open office space—whether you call it create office or progressive office—is the most sought-after office configuration these days. While there are many benefits for tenants, like talent recruitment, talent retention and a smaller office footprint, there are also benefits for landlords. Open office leases faster and at higher rates, and it is easier to release with fewer tenant improvement costs.

“It is not expensive to have a few private offices and the rest open. When you don’t have a lot of money in the TI, it is easy to release the space if they don’t renew,” John Combs, a principal at RiverRock Real Estate Group, tells GlobeSt.com. “With traditional private offices, it is really difficult to keep it the way it is and find tenants for it. A tenant that wants an open space works with a designer to create the space that they want.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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