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| Office Space per Worker: Evidence from
Four European Markets Author: Jacco Hakfoort and Robert Lie Start Page: 183 Abstract: Most analyses of
future office demand rely on employment forecasts, taking office space per worker as
given. This study analyses the determinants of office space per worker. After listing a
number of hypotheses, an economic explanation is developed. Office space per worker is
perceived as a function of rent, expected growth of the firm and uncertainty of this
growth, the lease period, substitution possibilities on the market and search and
adjustment costs. Survey data from European office markets are analyzed vis a vis the
hypotheses. |
