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Changes in the employment level drive demand for space in the office market. As a rule of thumb, office workers require 200 square feet per
Changes in the employment level drive demand for space in the office market. As a rule of thumb, office workers require 200 square feet per person. In one quarter, Google announces it will expand by 10,000 workers. Shortly thereafter, a malpractice lawsuit against the law firm of Dewey, Cheetham and Howe, results in the loss of 5,000 jobs and the closing of its offices. Assume the office market contains 100 M SF of office space and that 10% of the office space was vacant at the start of the period. What is the office vacancy rate after the net changes in jobs at the end of the period? O1096 0996 0 89 O No change
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