Saturday, May 21, 2011

Is The Traditional Office Becoming Obsolete?

A great question, with many answers. Of course, the variety of answers depends on who you talk to.

A new report from Regus and Unwired says the office of the past is not likely to to become completely extinct, but must evolve to meet the needs of new kinds of workers driven by technological advances, and management's desire for a lighter, cheaper real estate footprint.

Case in point? The modern real estate office, at least in my opinion. But this piece looks mostly at large traditional corporate buildings and the challenges faced by heads of real estate for companies, and the interests of their increasingly mobile work force.

This is a very good read, both for owners and prospective investors who need to know what the Tenant of today -- and the future -- want and are willing to pay for.

Click here for the full story.

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