The focus in commercial office space may be shifting from cost reduction and management to fostering growth and innovation. Credit it to a combination of technology and an influx of Gen Y and soon to be Gen Z workers, who tend to reject the traditional values of experience, age, titles and hierarchy.

As George Bouri, principal of New York City-based Deloitte Consulting LLP explains, “While these are still important attributes, our new workforce is bringing a meritocracy mindset to an out-dated workplace infrastructure (think people in power get the larger offices) and technologies (think only executives get laptops and PDA’s). Instead, the new generation of knowledge workers demand and expect an entirely new social contract from the companies that employ them, one that reflects their way of working, not the other way around.”

In a recent brief on connected workspaces, Milwaukee-based Johnson Controls asked companies to assess their readiness for technological change and growth. There is increasing demand for more intelligent workspaces, the report notes, including facilities that are agile–responsive and adaptive; smart–proactive and reactive; and wireless–flexibility and always connected.

Workers, meanwhile, may be dispersed geographically. But they may work collaboratively in networks and connect through technology. Businesses, as a result, have greater reliance on technology to support mobile working, as well as dependence on technologies such as RFID, WiFi and Bluetooth.

But most companies are not ready to embrace these significant changes and lack the appropriate processes, policies and procedures as well as management infrastructure to turn new ways of working into competitive business advantage, Bouri notes. As a result, many will likely be at a competitive disadvantage until they start to embrace change.

“Workplace organizations and enabling functions, such as human resources, IT and finance, need to rethink their strategies on supporting the workforce and deploying the most effective services they can collectively offer,” Bouri says.

For real estate professionals, it’s no longer enough to “take a reactive stance to providing space when asked.” Instead, Bouri and other proponents of growth contend, the objective is to support innovation. Deloitte, for example, suggests:

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.