When office space decreases, should property insurance premimum decrease?

I own businesses. One of my businesses downsized its office space. We didn't move. We just reduced the space we occupy within the same building. When my company's office space decreases its square footage from 5,000 to 1,000 within the same space (same building/floor), shouldn't my property... show more I own businesses. One of my businesses downsized its office space. We didn't move. We just reduced the space we occupy within the same building.

When my company's office space decreases its square footage from 5,000 to 1,000 within the same space (same building/floor), shouldn't my property insurance premimum also decrease? Why?
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