In my last job, I survived for 5 years. I watched them go from a shared office for my team, to cubicles, to an open office, to an "open warehouse" noise-filled hellscape. The building was large enough that it would take maybe 20 minutes to walk around, and you could see out the windows on all four walls at the same time. The company wanted to be "industrial" so there was lots of rust in the furnishings, bare concrete for a floor, and a few tiny phone booth-type installations that were too small to do any real work in.
Between that, and them requiring me to be in the office past 2AM multiple nights a month, I switched jobs really fast.
Now, I'm in "just" an open office, and even at the new company, I started with cubicles and they cut down. It isn't even a space concern at the new company, since we're not packed in nearly as tightly as the last one. It's just because the CEO (with his own private office, of course) likes it. Even management-level employees don't have offices.