Office provider LABS has launched its 96,100 square foot flagship property LABS House in Bloomsbury, London that features coworking, offices, and full-service dining.
The biggest office trend of 2019 is humanity
Today’s technology-driven workforce has changed the traditional office model. Now, companies are seeking to balance the tech race with humanity.
Now, humans are seeking to satisfy human connection as we spend more and more time online. Coming together in a brick and mortar workspace gives us the opportunity to make personal connections and build a community.
Companies are beginning to offer workers more flexibility within their spaces. Creating an environment that encourages freedom, fluidity, and prioritizing employees will be vital. Modern offices break down physical and metaphorical boundaries to help fuel collaboration.
With this, organizations will think twice about their real estate investments to include other amenities like coffee bars, gyms, and recreation spaces to push the community-feel.
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Analytics will also play a large role in improving general employee well-being. More companies and landlords will begin adopting smart building solutions that can be personalized to cater each employees preference. For example, a stuffy office can be cured with the tap of an app that opens an air duct.
Immersive technology will also start becoming apart of the workforce. Virtual and augmented reality will allow remote workers feel connected and have proper face-to-face interactions with colleagues.
The evolving work environment means that corporate real estate professionals need to think ahead when managing their spaces.
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Cool office interiors are ideal at first glance, but looking into a company’s principles, such as gender equality and flexibility, will be the factors that retain talent.
Colliers International revealed the success of the office market last year due to high demand for coworking and tech firms, but predictions for 2019 are uncertain.
Shared office space providers as tenants have become the norm for many landlords and building owners, and now many REITs have adopted coworking as it continues to expand.
Brookfield Properties has teamed up with Convene to spruce up the 73,000 square foot Brookfield Place into a full-service events venue that accommodates up to 500 people.
Many coworking operators pride themselves on massive, rampant expansion, but some industry experts believe this growth could lead to failure and consolidation in 2019.
Coworking has expanded into many major markets of the nation over the past few years, but some firms are finding their client base to be working moms in the suburbs.
Howard Hughes, the development team behind Chicago’s Bank of America Tower, announced that luxury coworking brand No18 will take up two floors in the 55-story building.
WeWork has officially become one of Seattle’s largest office space occupiers, along with Amazon and Microsoft, and has a total footprint of about 1.7 million square feet.