Is the Outdoor Office Just a Trend?

In search of greater workspace positivity, enhanced team performance, and professional wellbeing; today’s offices are getting closer to nature.

Outdoor offices are making waves in the world of workspace design. This new trend is expanding the boundaries of the office layout and tons of property developers are eager to hop on board. But, it may be wise to take a deeper look at the situation to see if and how it could be applied to your CRE property.

If you’re thinking about adding an outdoor office to your existing building, you might want to consider these 3 points, first.

Why Bring Business Outside?

The question might be better asked ‘why not bring business outside?’

In the past decade alone, the world of business has taken on a completely new face. As global professional culture continues to adapt, the physical spaces need to keep up, too.

Countless trends have made their mark on workspace design. The open office concept, flexible space, eco-chic, and even modular designs have all pushed the boundaries of the physical spaces where work gets done. But, throughout all of these phases, one factor remains – a connection to the outdoors.

Adding plants and larger windows were on everyone’s ‘list of office improvements’. Today, this demand has taken the forefront as offices are actually moving outside. Contemporary research and analytics prove that connecting with nature and biophilic elements can work wonders in a professional atmosphere.

Motivation, happier moods, and better health are just some of the benefits commonly associated with workspaces integrating more nature. Adding an outdoor work environment as an option for tenants and team members is the latest way that CRE’s office sector is tapping into the perks of natural exposure on the workforce.

Will the Outdoor Office Movement Stay Strong?

Just because the outdoor office is relatively new on the scene doesn’t mean it’s not here to stay. The sudden burst in popularity and interest is likely in response to a need felt by many office tenants and CRE developers – especially those working in temperate climates. The industry has been steadily moving closer to nature and the outdoor office boom represents the next big step.

Whether it’s to build a strong company culture or boost productivity, outdoor offices are a great way to maximize a company’s potential.

3 Tips to Make it Work

While many benefits come along with adopting the outdoor office trend, use these forward-thinking tips to avoid any bumps along the way.

The experts recommend designing specialty areas that accommodate multiple different purposes. Create key areas for desk-like tasks, relaxation, and team discussions. Always choose furnishings that are both ergonomic and business-oriented, and don’t forget to add plenty of tables.

Be sure to incorporate shade-providing umbrellas and heavy paperweights to keep the elements from interfering with users’ workflows.

Choose easy to clean furnishings that can weather out any storms. Look for strong and durable materials that won’t get distressed or degraded easily to avoid having to make hasty replacements.

Apply these 3 tips when expanding your office outdoors.

Using Technology to Enhance the Tenant Experience

Commercial real estate is being transformed by technology.

Tech has the ability to streamline industry workflows, expand a listing’s market reach, and even mitigate the legal risks associated with these big-ticket transactions. It seems like every aspect of CRE can be boosted with a little help from technology – and it’s not only the professionals in the business that are reaping the benefits.

According to the latest 2020 Commercial Real Estate Outlook from Deloitte, technology can also improve the experiences of CRE tenants. The report looked at how using digital tools and analytics can completely revolutionize the tenant experience.

The report goes as far as to state that the new mantra for CRE should be ‘location, experience, analytics.’ In this blog post, let’s look at some strategies that can elevate your tenant’s experiences by using tech.

AI and IoT

Technology’s applications in commercial real estate are getting more complex. The ‘it’ tools of last year are likely already outdated as contemporary development gets more diverse than ever before.

As a result of this amplification, industry standards have also gotten higher. Tenants are demanding better, newer, and faster tech integrations from commercial real estate properties.

Everyone has their eyes on AI and IoT. These are the two hottest trends in CRE technologies and they can enhance the tenant experience in a myriad of ways. But, both the Internet of Things and the IoT can do more than just keep tenants happy – they can also be powerhouses in boosting business.

The multilayered benefits of investing in AI and IoT are big reasons to consider applying them to your commercial property module.

Getting Serious About Security

One of the largest motivators to apply tech within a commercial property is to improve security. Using technology like Smart cameras and sensors can keep tenants feeling safe and secure. 55% of survey respondents noted that they’re looking to have access to tech-powered security, guidance, and constant online support.

Invest in Smart Building Features

The experts at Deloitte are predicting a 5-year countdown to a Smart CRE industry. Analysts state that Smart integrations will soon become the new norm.

The competition will be heating up around Smart amenities. Industry executives who took part in the survey said that they will be increasing their smart building portfolios over the next 18 months.

Don’t fall behind. CRE professionals should start getting serious about investing in Smart technologies to prevent their assets from becoming outdated.

Make the Switch to Mobile

Mobile access is a must for today’s tenants. Building users want to be able to download everything they need with the tap of a button. By 2023, the global market for mobile apps is expected to boom and reach $156 billion – and CRE will be a part of it, too.

Deloitte experts recommend using increased data to create an interactive, intuitive, and IoT powered app to open up a line of communication between building owners and tenants.

When asked to vote on which app features would best improve the tenant experience; app-based entry into relevant areas, more building information, property management contact information, and lists of amenities in the surrounding areas were all big demands.

Use these tips to improve tenant experiences with technology. 

How Will E-Commerce Continue to Impact CRE in 2020?

In today’s world, nearly every major industry is being impacted by e-commerce. One way or another, the online shopping revolution has instigated change for businesses.

When it comes to the commercial real estate arena, e-commerce plays a crucial role in shaping the rules of the game. Whether it’s by influencing tenant demands, sparking new trends, or restructuring the physical shape of properties; no one can deny that e-commerce is now apart of commercial real estate.

Resultantly, e-commerce’s influence on CRE is set to remain strong into 2020 and beyond.

Let’s take a look at two of the biggest commercial sectors that are feeling the e-commerce heat this new year:

Retail Takes On a Global Perspective

Brick-and-mortar retail isn’t what it used to be. Online shopping and e-commerce are restructuring the entire physical retail module – and this is undoubtedly impacting the commercial real estate biz.

After surviving the so-called ‘retail apocalypse’ of 2019, physical shopping has transformed into something innovative, creative, and high in demand. CRE’s retail space requirements are changing since brands are adapting to the new era of shopping.

Let’s face it: shopping can be done anywhere when the Internet is involved. The best way to outdo the convenience and speed of online shopping is by offering consumers something they truly can’t deny – experience.

Retail brands do not necessarily need to have thousands of locations around the country anymore. Contrarily, most retailers are choosing to create amazing spaces in hot cities around the world.

For contemporary consumers, quality beats quantity. As shopping becomes more experiential and less about necessity; brands are cultivating exclusivity, legacy, and uniqueness.

Having a few fantastic and diverse retail spaces in popular markets is boosting business in big metros all over the world. Retail brands are striving to expand globally rather than on a town-by-town basis. It’s more strategic to set up grounds in bustling affluent global cities are brands strive to stay afloat in today’s globalized world.

Industrial

As e-commerce continues to expand its reach, there is an increasing demand being placed on warehouses and distribution centers. As shipping deadlines get shorter and available products continue to diversify, who do you think carries the direct load? It’s certainly not the Amazon’s of the world.

Instead, it’s CRE that takes on the responsibility and makes all of the e-commerce promises possible.

2020’s warehouse demand is expected to be through the roof as last-mile logistics become increasingly more intense. There need to be more distribution centers spread out around the globe to streamline the delivery process.

The shapes of warehouses are also changing. Pick-up and delivery demands are increasing and industrial spaces need more parking lots and loading zones. These already-massive centers need to get bigger, better, and more organized.

Technology and AI will play a big role in optimizing the contemporary warehouse scene.

CRE Pros: Prepare For What’s To Come

All in all, it’s obvious that CRE is being impacted by the ever-growing popularity of e-commerce. This digital marketplace is making waves in the commercial business, so make sure that you and your business are prepared to ride it out.

4 Coworking Trends Catering to the Mobile Workforce in 2020

The global professional infrastructure is not what it used to be. The once rigid, stuck-in-the-old ways workplace scene has undergone immense changes in the past few years, transforming into something completely new.

The contemporary office scene is more flexible than ever as it’s adapting to meet the needs of the evolving workforce. Thanks to advances in communication and transportation, business professionals are spending more time outside of the office and taking their work elsewhere.

The mobile workforce is bigger than ever, and 2020’s numbers are going to expand even further. In the United States alone, the mobile workforce population is expected to reach 105.4 million members. This marks a massive growth spurt when compared to 2015’s 96.2 million. Analysts state that mobile workers will comprise nearly 75% of the country’s working population.

When so many of today’s workers are embracing mobility, the physical office space needs to change up its game in order to support this new system. Catering to the mobile workforce is a must as we approach the new year, and CRE is preparing with these 4 popular coworking trends:

Greater Digital Compatibility

As remote workers continue dominating the workspace, coworking offices need to make sure they’re offering greater digital compatibility. Mobile-friendly software and systems that can be used both in and outside of the office are fueling the newest wave of workspace tech.

This is specifically important when it comes to coworking as it gives team members the agility they need to succeed. Whether they’re on the go or at their desk, mobile workers need to be able to seamlessly transition between locations without missing a beat. We’re seeing a massive shift towards flexible tech systems in coworking.

Flexible Office Spaces are in Hot Demand

Just because remote workers can get their jobs done from nearly anywhere doesn’t mean they’re ready to give up the office. As more tasks become mobile-friendly, the baseline workload for remote professionals is getting larger. In many cases, non-professional environments such as cafes and at-home offices aren’t supporting their diverse needs. This is driving more people to coworking spaces – specifically ones that are flexible enough to support their unique needs.

Boosting Workplace Security

With so many people going in and out of coworking spaces, security is becoming a top priority. On-site surveillance and hired security guards are the new norm for the workplace – and specifically those with a large population of mobile workers.

This means team members can rest easy knowing that their belongings are safe when they run out for a meeting or to grab lunch. Since traveling light is a key aspect of the remote working module, team members need to know that their belongings are being taken care of.

Comfortable and Sleek Office Designs

Today’s mobile workforce is looking for coworking spaces with a pleasant office environment. Establishing a healthy workplace culture has been at the forefront of CRE’s office sector’s mind, and it’s even more important for attracting remote workers.

When they have the option to work anywhere, office design needs to step up their game and make remote workers want to do business there. This is being achieved by comfortable ambiances, sleek designs, and strong positive workplace cultures.

As remote working becomes the new norm, keep an eye on these coworking trends in 2020 and beyond. Stay tuned for our upcoming CRE news!