The services sector employment report is relevant to the office sector and office REITs commonly reference it in the information materials management prepares for investors. As a rule of thumb, office workers require 200 square feet per person. If the employment report predicts an increase of 10,000 jobs, how much office space demand should that create?
A. 2M SF
B. 200k SF
C. 1M SF
D. None
Option A
Additional office space demand created=200 square feet*number of
additional persons=200*10000=2000000 square feet or 2 million
square feet
The services sector employment report is relevant to the office sector and office REITs commonly reference...