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The Future of Office Leasing: Shorter Commitments and Increased Flexibility

Yarooms

Nor their overall need for office space square footage. Research shows that by 2030 demand for office space will be 20% lower than it was in 2019 (and that’s the optimistic scenario).

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Office Leasing Simplified: Comparing Coworking with Traditional Office Options

Launch Work Places

Office leasing has evolved over the decades, and businesses today have options that were virtually unheard of ten years ago. The current professional landscape is largely rooted in flexibility and adaptability, and office leasing trends are following suit.

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US law firms make up two thirds of global law firm office leasing activity

Workplace Insight

New York accounted for a third of all leasing activity globally in the legal sector in the first half of 2024, says Savills , equating to over 1.4 The post US law firms make up two thirds of global law firm office leasing activity appeared first on Workplace Insight. million sq ft of space, out of a total of 4.3

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Office lease lengths may be decreasing but majority of firms will increase their footprint

Workplace Insight

Responding to reports from property management platform, Re-Leased, that UK office lease lengths has fallen to the lowest on record and that vacancies rates had soared, office designers Unispace are suggesting firms should be wary of making ‘rash decisions’ regarding their office footprint over the long term.

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London office market sees sharp decline in leasing activity

Workplace Insight

The London office leasing market kicked off 2024 with a significant downturn, according to a new report from Devono. After a strong end to 2023, leasing activity plummeted by 45 percent in the first quarter, with only 2.3 million sq ft of space leased.

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People spending more time in offices in search of social interaction

Workplace Insight

Office workers now spend more time in the office, with the average creeping up to three and a half days per week compared to three days in 2022 , according to a new report from international law firm, Gowling WLG.

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London’s office market is reshaping the city and the way people experience the workplace

Workplace Insight

The long road to economic recovery after multiple lockdowns shaped 2022, in which ‘long’ became the de facto word for the industry seeing little change in capital values for commercial real estate, including office space, in 2023 after a fall of nearly 20 percent in the latter half of 2022 (CBRE).