Fixed, immovable and in many cases illiquid, real estate is traditionally slow to respond to change. Technology is not.
The way people communicate, work, shop, travel and think has changed dramatically as technology advances and becomes more widely adopted.
In addition, new working patterns and company structures are placing fresh demands on a workplaces’ ability to support flexibility and collaboration. Corporates today want to know that a building can improve and maximize employee wellbeing as well as enhance productivity and foster innovation.
As more process-driven elements of work fall to artificial intelligence, the companies of the future will be leaner and more dispersed. Many companies will need less space than in the past, owing to increasing efficiencies and maybe fewer numbers of permanent staff. Smaller firms, meanwhile, may only ever need a co-working space. In between these extremes is a need for more flexible collaboration space to satisfy the changing requirements of both corporates and start-ups.
As real estate enters a new data-defined era, driven by employees’ changing requirements, the workplace must respond rapidly. To find out how you could work tomorrow, take a look at the video.