But it couldn't happen without it. Office Space tells the story of Peter Gibbons (Ron Livingston), a miserable software engineer at Initech, where he ensures that software is Y2K-compliant.

Office space is now being razed or converted faster than it’s being built — for the first time in 25 years By Emily Davis Published June 5, 2025, 2:49 p.m. ET ...

Nearly 80% of the space the federal government has announced it plans to exit in the Washington metro area since the start of the year is Class-B or below, according to Avison Young.

More than 23M SF of office space in 58 markets will be torn down or converted in 2025. Less than 13M SF of new construction is on the way.