A recent headline in the Wall Street
Journal warned, “Less Building Now,
Higher Office Rents Later.” The story
explains that developers have cut way
back on office construction the last three
years due to vacancies and low rents.
Even as potential tenants have stepped
up hiring, many companies are taking a
cue from the airlines and are figuring out
how to pack more people into the same
space. What used to be an ample supply
closet, for example, is now a rather petite executive suite.