“So if our employees are in a role and situation that enables them to work from home and they want to continue to do so forever, we will make that happen.”
- Jack Dorsey, CEO of Twitter (and Square), May 12, 2020
Dorsey’s statement sent office sector investors into a panic. One email at a San Francisco–based software company with fewer than 5,000 employees globally has convinced REIT analysts and CIOs that investment in core, core-plus, value-add, and opportunity office assets will no longer satisfy asset allocation strategies and may produce the biggest losses of the post-COVID-19 world.
In this white paper, Chris discusses the rationale behind why offices will change but also why they will never go away.
By Chris Rising
Over a relatively short period of time, artificial intelligence and complementary technologies once thought of as only possible on “The Jetsons,” have become commonplace in our modern office environment. These major leaps in technological advancement have made our workplaces more efficient, connected, and even environmentally friendly in some cases. However, such advanced systems require clear and fast channels of data transmission to work at optimal levels.
We believe that 5G technology will dramatically change the world we live in. …
By Chris Rising
By 2025, millennials will make up 75% of the workforce. We’ve talked previously about how millennials are changing the CRE landscape and the evolution of the modern office, but what do millennials want out of their office environments? The research may surprise you. Let’s look at what we’ve learned and how Rising is staying ahead of the trends:
Millennials value work-life balance. More so than their parents did, millennials rank work-life balance as the most important factor in job satisfaction, according to the 2017 National Legal Sector Benchmark Survey. …