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June 2014 Newsletter
Back to the City: Déjà Vu All Over Again
Millennials are reshaping the nation’s built environment

Two very different cohorts are coming together to shape real estate’s future:  The Baby Boomer generation and the emerging Millennials.
For the past 50 years, expanding middle class prosperity in the U.S. enabled families to settle in the suburbs, taking advantage of cheap housing and good schools.  This exodus stunted efforts to remake cities as attractive places to live and work, resulting in the decrease of real estate values and essential services.
 
As land prices fell, adaptive reuse recaptured the economic value of a variety of building types by converting them into lofts, condos and apartments.  Since the 2000’s, ever-increasing numbers of cities have been effectively competing with suburbs on costs, housing selection, schools and retail services, attracting Baby Boomers and Millennials.
 
 

View original article at http://www.naiop.org/en/Magazine/2014/Spring-2014/Business-Trends/Back-to-the-City.aspx

Smarter Leasing Strategies to Enhance Workplace Performance
 
Steps to take prior to initiating a new lease
 
Sholem Prasow, LEED AP, Founding Director of Insight Management, discusses the steps that should be taken in advance of finding new space. The first priority is to determine what is essential for the project to be successful.  He offers several leasing strategies to help a company’s project team achieve success – and maximize cost and time savings. He notes, “The best leasing decisions are made based on a deep understanding of your business units, their requirements, business synergies, current utilization and plans for growth.” With the appropriate level of pre-planning, companies are able to come to the table armed with what they need to negotiate the best lease.
 
 
View original article at http://theleader.epubxp.com/t/51160

 
Let’s Stop Talking About the Workplace – Let’s Start Talking About the Work Experience
 
From the 'workplace' to the 'work experience' - a shift in focus
is occurring
Western economies, there has been a shift from materialism to experientialism in the workplace.  In 1970, a study showed 80 percent of people were materialstic.   The same study conducted recently revealed that number had declined to 50 percent.
Futurist James Wallman notes that in social media people talk more about what they do than what they own, making experience the new status.  Just as the retail experience has become a reality, the work experience is not far behind.
What does this mean for today’s employee?  Provision of free and healthy food, recreational opportunities, concierge support and a happy, playful work environment are seen as signature elements. Another key feature is wellness.  The goal is to create positive experiences.
 

View original article at http://theleader.epubxp.com/t/51160
Navigating the Multigenerational Workplace
 
How to maximize everyone’s potential and create synergy
 
How do the three generations in the office approach their work?  Millenials are comfortable with and rely heavily on technology, have exceptional multi-tasking abilities, exist in a state of near-constant collaboration and value change.  Gen Xers are adaptable, focused on work-life balance, respect loyalty and successfully maneuver the tech-heavy Millenial space and the tradition-loving Baby Boomers.  Good team players, Baby Boomers prefer face-to-face contact, a phone call over an email, and are very customer-service focused.
The challenge is to create cohesion needed in order for the workplace to engage and encourage all employees – and maximize everyone’s potential.
 
View original article at http://theleader.epubxp.com/t/51160
 
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