The Future of CRE Work is Mobile, Connected & Flexible

We attended this year's MIPIM Proptech conference and were bolstered to see trends and market evolution in line with our own experience. The keynote hit the mark - we’ve summarized our takeaways below.

At the keynote, Lisa Picard, President and CEO of EQ Office touched upon the impact of new talent on CRE investment strategy.  Generation Z is mobile, really into connections, and ready to influence the future of work. Other industry tensions include:

• Elevated expectations : instant gratification + everything all the time

• Mobility Driven: Work is mobile, flexibility is king

• Connected work environment

• Culture is the software of a company, while space is the hardware of that culture

• Supply tensions: capital costs are rising, customer retention is lower

• Tech drives change: Cloud based tech, data monetization, intelligent interfaces all lead in trends

In 3 years, the future of work looks a bit like this:

• 50% of orgs believe reduction in workforce

• 38% will expand roles of existing workforce

• 25% will need to hire for new roles : VP of real estate tech; Director of Product as examples

• 50% > of employees need to upgrade their skill sets

• Decentralized workforce and a rise in remote work

• Drive for Agile work styles

Priorities for success with space: 

• Concentration 

• Collaboration

• Convenience 

• Community