Written by Sarah Hoban | September/October 2018
Some factors are constants in the commercial office market — Construction costs. Occupancy rates. Employment rates. Availability of skilled labor.
But landlords and real estate professionals now are contending with a new slate of elements as a result of a new labor force, technology, and the changing nature of work itself. These factors are driving an evolution of office space that’s changing the look and feel of today’s workspaces.
“Work is increasingly more fluid today,” says Christian Beaudoin, research director for JLL in Chicago. “People work from home, work from third places. Offices today are changing to meet those needs, so workplaces are necessarily becoming more fluid.”
For different types of work, people want different spaces, Beaudoin says. “Maybe they want heads-down workspace, quiet space where they can concentrate, or interactive workspace with a tech-connected screen for meetings. There are various forms of work which are redefining what the traditional office looks like today.”
Larry Dietz, an associate broker with Saurage Rotenberg Commercial Real Estate, LLC, has over 30 years of Sales, Marketing and Public Relations experience. He is a Designee member of the Certified Commercial Investment Member Institute (CCIM) and CCIM Louisiana Chapter; a member of the Commercial Investment Division of the Greater Baton Rouge Board of REALTORS® (CID); as well as an affiliate member of the National Association of REALTORS® (NAR). He is a licensed real estate broker in Louisiana and Mississippi.
Saurage Rotenberg Commercial Real Estate, LLC is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).