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- Title
"TURN OFF THOSE LIGHTS!" -- AND CUT OCCUPANCY COSTS.
- Authors
Couch, Robin L.
- Abstract
The article reports on the cost of leasing office or business space in multitenant buildings. According to surveys by the Office Network, the occupancy costs can range from $5 to $15.35 per square foot in the United States and $7.33 to $15.35 per square foot in Canada. The real estate consulting group, Cushman & WakefieId, attributes some of the price increases to economic and business conditions. In a weak economy, corporations often postpone relocation decisions and renew their leases without investigating other options.
- Subjects
COMMERCIAL real estate; OCCUPANCY rates; PRICE increases; OVERHEAD costs; BUSINESS relocation; OFFICE Network Inc.; SURVEYS
- Publication
Financial Executive, 1991, Vol 7, Issue 2, p4
- ISSN
0895-4186
- Publication type
Article