You don’t need to be an expert to realize the office market is changing. With more Millennials in the workforce and the adoption of technologies that allow businesses to be mobile and grow in nontraditional ways, office needs and leasing standards are changing. Over the past couple of years, we've seen teams transition from long-term leases to subleasing and co-working in droves. Today, we're seeing another shift. Teams of all sizes are turning to a new form of space called office sharing with terms less binding than a common lease and more flexible than a sublease. Why the shift? First, businesses are finally putting their foot down when it comes to making risky bets on long-term leases; and second, many of them are battening the hatches and becoming more conservative in their commitments in fear of a looming tech bubble pop and the widespread death of the "unicorns."
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