I'm not sure if it's the architects fault or the real estate investors. Land is so cheap, and investors seem to really like watching architects build stuff. For a long time, investors have believed if there are people in the building, the coffee bar or the valet parking will make them a lot of money.
The problem is that it has also conditioned people to believe that all office space should be free. Those who build incredibly efficient office space are still going to have a hard time charging rent.
These architect aquisitions are every bit as much about the investors as they are the architects. Until investors get selective and demand real value, I'm not sure it's going away.
(Wow, I might need to go to prison for extended torture of an analogy.)
The problem is that it has also conditioned people to believe that all office space should be free. Those who build incredibly efficient office space are still going to have a hard time charging rent.
These architect aquisitions are every bit as much about the investors as they are the architects. Until investors get selective and demand real value, I'm not sure it's going away.
(Wow, I might need to go to prison for extended torture of an analogy.)