Office space demand has reached its highest total since the first half of 2020 and the sublease market inventory is shrinking significantly, according to a recent report by Cushman & Wakefield. Meanwhile, “the market is also adapting to changing consumer tastes and tenant demands, leading to an increase in renovations, conversions, and demolitions of office space that is no longer competitively viable.”
A new design strategy is emerging amid this market fluctuation: office designs are taking cues from boutique hotels and the hospitality industry to include both informal and formal space types for collaboration and connectivity. While this practice is not entirely new, our tenant and landlord clients have been asking for this approach more frequently, while the concierge services industry is expanding into commercial real estate at the same time, according to Bisnow. Today, the most successful workplaces provide an appealing alternative to the comfort and flexibility of the home office. Nodding to the “work resort” concept, they are human-centric, collaboration-driven, wellness-focused environments that cannot be duplicated at home. In an era of hybrid- and remote-work options, employers want to ensure their offices are worth the commute.






