Despite claims to the contrary, and a rise in business confidence, many businesses are still feeling the effects of the GFC, with all its attendant after-effects.

Net office space refers to the actual usable area within an office building. It excludes shared spaces such as hallways, restrooms, and stairways. Tenants use this space for desks, meeting rooms, and other work-related activities. It's a key metric for understanding the functional size of an office.