[TakeFive]

Developers Keep Building Offices, But Workers Are Using Fewer Of Them Than Ever
December 12, 2019 By Jared Schenke - Biznow

Few interesting morsels.

Developers are building more office buildings today than at any point in the last decade, but the changing nature of the work could threaten long-held beliefs about the way the office market will behave as we enter the next decade.

Experts ascribe the reasons for the seemingly illogical divergence in office supply and demand — a gap that figures to widen — to a host of reasons, but they all come back to one connecting factor: the millennial worker.

Go Gig:

An increase in teleworking, the explosion of gig workers in the economy, open office plans and coworking are all influencing how much space companies are using and will use in the future. The gig workforce — anyone from Uber and Lyft drivers to social media monitors, IT contractors to freelance journalists — made up 34% of workers in the U.S. in 2016, according to an Intuit study. By 2020, that percentage is expected to reach 43%.