Session Description
We can see hotels repurposing their rooms as offices and the same thing happening to retail spaces.
Corporates dread multi-year leases and many are considering decreasing their real estate footprint, while decentralizing it. All of that seems to be spelling a birth of truly flexible working and some very troubling news to office tower owners, particularly those who don’t change their leasing habits.
Where does it leave the office asset managers? Well, it seems that they need to get ready to compete with a variety of asset classes who turn their spaces into offices.
They also need to meet higher expectations of office workers, providing a much better building experience. And finally, they need to be prepared to meet the demand for flexibility coming from corporates.
The good news is that they’re the ones experienced in creating spaces for work. The tough one is that they’re lacking tech and services to make those spaces truly great.
And they’ll need technology to turn some of the building floors to flexible operations, enabling effective online leasing, automated invoicing and a system to market the meeting rooms and services.