The trend to right-sizing office space in the expanding world of mobile working has been progressing since the big bang of the internet.  The trail has been blazed by the same tech companies who ironically, invented noisy creative office space.  Fast forward to the just-before-COVID-19 present and we were seeing workers in most industries allowing staff to do some of their work away from their offices.  

 

There were some holdouts…until now.  Now every business in every sector of the economy has been forced to figure out how to be productive with their employees working from home.  So while the trend has been around for some time, it has no doubt been accelerated by the COVID-19 situation.

 

If you are a decision maker for your business, you too may be thinking about whether you need al of the office space that you are currently occupying.  If you are hoping to get out of your space altogether, your options are limited to subleasing (and there will be a lot of that going on very soon) or buying out of your lease which could be a viable solution of you can write a check.  But if you are just looking at downsizing, there are win-win ways to negotiate something creative with your landlord.   Engage an experienced tenant representation broker to be your advocate and you can create a new future for your workplace and your business. 

 

If you or your clients are feeling unsure about their options or strategy going forward with respect to their business real estate, feel free to reach out to me for some complimentary guidance at (213) 258-6921.