I came across an interesting blog today that posed a very interesting question “Should companies be looking to cut jobs, or can they reduce cost by cutting their leased office space?”  Now being a person that makes his living representing tenants with their office space needs, when companies need less office space it hurts the wallet.  However, in putting my clients’ needs first, it is a very interesting question.  Could corporate America reduce costs enough by reducing their office space footprint that they don’t have to lay off as many works?  The workers that are chosen to work at home, are they as productive?  Is technology out there to make it a seamless transition to go from working at the office to working at home?  The answer is yes to all of the above questions, the blog post Technology’s Effect on Commercial Real Estate in a Recession goes into technology behind it

Here is an excerpt of the above mentioned blog post. 

With our daily dose of eye popping layoffs, the top question on every company’s agenda is how to cut costs. When looking to cut costs the typical first question is how many people can be cut and how much of a cut in productivity can be tolerated. But with all of this technology, there is now the possibility to cut costs and keep the same amount of productivity. This wasn’t a viable option in previous recessions, but this time around companies can start sending people home to work, which is all made possible by the giant leaps in communication. People have been telecommuting for years, but with the great expansion of communications technology coupled with a downward economy, the cost cutting choice between cutting a group of employees and cutting out leased floors in a building has become a whole lot easier. The last time we saw a boom in telecommuting was the September, 11th attacks and the catalyst was the fear of travel and a shaky economy. Audio and video conferencing sales soared and using the technology was all the rage. The big problem back then was that the technology was a bit more difficult to use and everyone went back to their old ways of working…….  To read more please click here 

Tags: Atlanta Office Space