The document discusses how the changing nature of work is impacting office space. Cloud computing and mobile devices allow employees to work remotely and more collaboratively in less overall space. Approximately 26% of the global workforce currently works remotely at least 2 days a week, and this is expected to grow to over 40% in the next 5 years. While remote work is increasing, face-to-face meetings remain important for transferring tacit knowledge. Traditional cubicles are being replaced by open floor plans to reduce costs and encourage collaboration through activity-based working. Office space allocations per person are decreasing to reduce costs while attracting top talent through flexible work environments.