It has become standard fair in real estate circles to talk about how the office is in competition with people’s homes. The thinking goes that if employees can either work from home or the office, then the office must be made more enticing to draw people toward that option. Unstated in this theory is the…
Tag: strategy
Flex in Corporate Real Estate is taking on a whole new meaning.
When someone says “flex” to a person in CRE, it usually is shorthand for coworking. It means space that is on a short-term agreement that may or may not be shared with others. In most cases, the focus is on smaller use cases meaning the need for a handful of people up to maybe 10k…
“Needing people in the office” is a fallacy of logic that leads to bad real estate decisions.
Let’s just start off by acknowledging that most real estate hot takes this year start by trying to pretend the world is not still in the middle of a pandemic. The reality is that most of the world (but parts are still in pandemic restrictions even today) relaxed or eliminated their COVID-19 restrictions between June…
5 not-so-simple steps for building a Real Estate Portfolio Strategy for 2023 (and beyond)
I hear the question “What will real estate portfolios look like in the future?” a lot these days. Words like Hybrid, Flexible, Resilient, Agile, Mobile, Collaborative, and Smaller keep playing on repeat in real estate strategy sessions. However, these are usually just descriptive words in these sessions without much data to back up what they…
Operations are always both deep and wide and should significantly influence your strategic plans
One of the most important aspects of any strategic plan is understanding how it will impact actual day-to-day operations. If a strategy cannot be reflected through the daily work that happens, nothing will actually change. The thing about operations is that while many think they understand it, no one person can actually know everything that…
The data is never completely in. Change is a function of everything.
At heart, I’m a data person that believes strongly in non-binary solutions to problems (there are always more than two options to any decision). I like to understand the information that both leads to a question being asked before then also looking at the information that would inform a decision. There are no beginnings or…
How should a good workplace experience be designed? A semi-detailed examination of the trade-offs to real estate strategy.
At the WorkTech New York 2019 conference this year, the final speaker of the day was brought in to challenge the status quo of how a room of real estate professionals think about real estate. He made the argument that since the advent of the cubicle the workplace has gotten progressively “sadder.” It’s an argument…