Why are large floor plates so important?

1. Collaboration, interaction and innovation

Leading edge technology companies understand that collaboration and interaction are key to innovation. Placing more employees on one highly walkable floor plate helps to remove psychological barriers to collaboration and interaction. However, separating people by floors and buildings causes collaboration and interaction to drop off precipitously.

2. More space efficient

The Central & Wolfe Campus’ large floor plates are more space efficient than the smaller floor plates found in most new Class-A projects. This greater efficiency is due in part to the fact that larger floor plates require less core space (i.e. stairs, bathrooms, elevators, etc.) than smaller floor plates do. Therefore, the Central & Wolfe Campus’ large floor plates yield more usable square footage (as a percentage of each floor plate) than the much smaller floor plates found in most new projects. This means that you can place more employees per 1,000 sf of space at the Central & Wolfe Campus than you can at most other new projects.

3. Less expensive

Comparing the space efficiency of the Central & Wolfe Campus to other new projects is critical because it reveals that many other new projects are actually more expensive on an “asking rent per employee” basis, despite their lower asking rents per square foot.