• By Carlo L. Batts, MAI, Rittenhouse Appraisals

The ever-evolving modern day office

Trends in the office market are constantly evolving, having gone from smaller footprints to coworking spaces, then back to traditional offices exploding with services and amenities. In order to attract younger employees and create an environment for collaboration, employers are loading offices with all of the amenities one could want to function in a relaxed, creative environment with dining rooms, lounge space, gaming rooms, outdoor space and fitness centers. Lobbies that used to be walls of marble are now meant to feel like your living room, with coffee stations and food ordering stations. Roofs that used to contain only mechanical equipment have been fit out with decks, pergolas, even Astroturf to brighten the space and create an urban oasis amongst the neighboring rooftops. Building owners and investors are looking for buildings that allow the floor plates to be more interchangeable and to serve more than a single use. They seek flexibility to ebb and flow with the market, looking for floor plates that could be easily converted from office to residential and vice versa.



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