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Maybe Everything We Know About Downsizing Space Is Wrong

WASHINGTON, DC—A NGKF white paper finds that the costs of unproductivity and unhappy employees wipe out whatever savings a company realizes by indiscriminately trimming space.

Bethany Schneider, senior research analyst at NGKF Bethany Schneider, senior research analyst at NGKF

WASHINGTON, DC—A new white paper by Newmark Grubb Knight Frank has connected a few dots about rightsizing, confirming what many have suspected: when companies, or the federal government for that matter, squeeze too many employees into a space, productivity declines.

Okay, that is common sense. But what NGKF went on to establish, though, that the margin is surprisingly very thin between productivity and the savings, or conversely additional rent paid for better space.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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