The space time continuum – will more efficient use of office space and automation lead to less demand?
There has been a big shift towards occupiers trying to use their space more efficiently – taking smaller sq ft offices and minimising the space required for desks. The UK government in particular has done a huge reduction in space per employee in recent years. How is this likely to affect the office market in the future, will we actually end up with too much space? Should developers be anticipating this shift in building design?