Future Of Commercial Real Estate Undergoing A Fundamental Shift
Commercial real estate is experiencing a fundamental, disruptive and well-overdue shift. People entering the workforce today have a completely different concept of work and the space in which they work than when I began my career, more than 40 years ago. They’re younger than they have ever been, more tech savvy and globally aware with social media consciousness baked into their DNA.
Back when I started, I worked hard during the day and spent evenings and weekends socializing. I believe that today’s workforce goes to work to socialize, as they have the ability to work 24 hours a day, seven days a week from anywhere they are located. As the habit of the workforce changes, space available for lease must adjust to the work and social needs of this “new worker,” or go unrented.