If you think office space is at a premium because of the recovery, you're wrong.

While some office space may be going for premium prices, there's a $5.5 trillion dollar "market" of unused space in America. And the spectre of that space is quietly changing the way office space is viewed — by landlords as well as occupants.

"What are we doing to do with all that excess capacity?" asked John Vivadelli, CEO of AgilQuest, provider of software and services design to enhance corporate space utilization. His answer: It will be rationalized as companies finally right-size their office space needs.

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