By David L. Church, CCIM
Over the past thirty years many corporate offices have given way to cubicles or open work spaces. Some office buildings developed before 1990 with parking ratios of fewer than 4 spaces per 1,000 s/f became functionally obsolete as parking ratios of 5 or 6 spaces per 1,000 s/f became the norm for many tenants. In recent years, the use of shared workspaces by sole proprietors, independent contractors, and employees working remotely exploded – the demand was met largely by WeWork and similar entities that emphasized large interactive common areas and limited office space. Read More
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