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United States | Orange County, CA

Report | Suburban office parking meets auto industry disruptors

Summary

Prior to the Great Recession, a company that leased 50,000 square feet would typically have 167 employees. Today, a firm that leases the same square feet averages 250 employees, increasing the employee count by 50 percent. Average square feet per employee figures vary depending on the industry, but reducing this number and increasing density is a common workplace trend.

With companies of all sizes implementing these practices, pressure is mounting on tenants and landlords of office properties to meet parking demand. Parking has become a significant factor for companies searching for office space in suburban markets.

In many cases, firms are not able to lease space at their first or even second choice location because the building does not meet their parking needs. So, what is the solution? Explore a few options that Orange County-based tenants have implemented.

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