New trends in office space: smaller spaces, more common area, and modern design.
We have been seeing that top management of all NYC businesses—from law firms to finance firms—are reducing the amount of their office space in order to cut costs. Any reduction in office space costs goes right to the bottom line.
A few specific trends happening now:
1) Big executive offices are passé. If executives do have private offices, they are smaller than in the past. If a space is already built with big offices, these “ego offices” are repurposed to accommodate several employees, creating a type of bullpen.