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A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Inventory of used office furniture rises In US as companies close

Sunday 15 March 2009

Chicago, IL - A new unofficial indicator is fast emerging as a barometer of the recession gripping the U.S. It is a rise in inventory of used office cubicles for sale as more companies shutter.
Rightsize Facility Performance, a Chicago office furniture retailer, expects to have access to 250,000 used cubicles across the U.S. by summer, up from 30,000 to 40,000 office cubicles last year.
Aside from cubicles, the facility has on its inventory 700 used chairs, 150 conference tables and file cabinets, said Mason Awtry, president of Rightsize.
The rising number of unused office furnishings is the result of one year of recession that has gripped the nation which led to a record-high 8.1 percent unemployment rate in February. According to the American Bankruptcy Institute, over 12,900 companies filed for Chapter 11 for the fourth quarter of 2008.
The rise in bankruptcy filings and job cuts was accompanied by office space vacancies.
To accommodate its growing business, Rightsize, which receives 40 calls a day from firms that want to dispose their office furnishings, will expand its total warehouse space by 25 percent to 200,000 square feet to take in $3 million worth of inventory.

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