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When it comes to making office space decisions, tenants are continuing to find that less is more. For nearly a decade, increasing mobility among office space users has prompted companies to lease fewer square feet to operate their businesses, said Mason Capitani, SIOR, of L. Mason Capitani/CORFAC International in Troy, Michigan.
As a result, office owners and landlords have had to up their game to attract tenants in a competitive environment. “Landlords are offering collaborative meeting spaces and service-based amenities to make their buildings more attractive to tenants,” Capitani notes.
Watch CORFAC’s latest video interview to learn more about current office space trends.
CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 49 offices in the U.S., 5 in Canada and 17 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Japan, Mexico, Romania, Russia, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 620 million square feet of space valued in excess of $8.2 billion in 2018.
CORFAC International
Corporate Facility Advisors, Inc.
2700 S River Road, Suite 105, Des Plaines, IL 60018
phone (224) 257-4400 | fax (224) 567-8674 | info@corfac.com
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