ATLANTA, GA (SEPTEMBER 23, 2016) — The speed of today’s technological advances is dramatically reshaping the way that corporations manage and use their real estate. It’s a dynamic that has significant consequences for the workplace, urban development and the overall lifestyle of the average worker. CoreNet Global, the leading global association for the corporate real estate profession, closely examined this trend in a recently published report: The Bigger Picture, The Future of Corporate Real Estate.
“The real-world application of emerging technologies in how corporations manage and use their real estate means that the way people live and work will dramatically change,” said Kate Langan, chair of CoreNet Global, and Group General Manager Property for ANZ Banking Group, Melbourne, Australia. “In turn, these changes will reflect back on the overall corporation, improving efficiency, sustainability and profitability.”
Langan said that several factors are converging to create a new style of working and living:
Corporations will need to provide technology-enabled workplace networks that allow for greater agility and flexibility for both the organization and the employee.
Today’s workers have the ability to dictate a work style that is consistent with the lifestyle that they have chosen. Companies will have to learn to adapt in order to attract and retain talented workers.
Technological shifts in the way traffic, water, and other components of urban life are measured and distributed will modernize the city’s infrastructure. From the amount and kind of housing that is built, to the value of replacing old utility components with equipment that pays for itself, technology will drive a wide range of urban development initiatives.
“There are several key takeaways,” Langan said. “More companies and their employees will choose to be in cities, which will provide higher levels of connectivity, energy efficiency, and mobile access. People will still go to their offices to work, but only when they need to for a specific purpose, and less as a matter of routine. The ramifications are quite dramatic; these shifts will impact everything from traffic patterns, the environment and energy, to daily living and the overall quality of life.”
Several CoreNet Global Gold Strategic Partners contributed to the report: CBRE, Deloitte, ISS, JLL, Newmark Grubb Knight Frank, Sodexo and Steelcase.
The complete report is available for download here.