Say goodbye to the office cubicle

Marketwatch reports:

During the recession, many companies downsized the space they occupied, even if that left them with a surplus of empty space they still owned or leased, said Richard Kadzis, vice president of strategic communications for CoreNet Global, a professional association for corporate real-estate and workplace executives.

“In central business districts, historical vacancy rates usually average around 22% to 23% but now they are around 31% or so,” he said in an email. “Outside the central business district, the historical average is usually around 17% but it’s more like 25% today.”