Workplace Trends Commercial Real Estate Developers Should Consider

Given that office spaces account for a majority of commercial real estate properties, knowing workplace trends can help make or break a new development. Here are some workplace trends for 2018 that can affect commercial real estate development. 

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The human experience is a trend brought about by millennials entering the workforce. This is due to their expectation of the workplace being a modern, livable, and collaborative space rather than it is just functional. This trend focuses on open spaces, recreational areas, and other spaces that promote creativity and productivity. 

Another trend is sustainability. A business’s carbon footprint may not be visible, but constant efforts in ensuring that companies are going green make sustainability a major trend. This is brought about by a higher awareness of climate change and the need to take action. Practicing sustainability in commercial properties can be done by incorporating solar panels to the building’s design or capitalizing on natural lighting to reduce energy costs. 

Operational flexibility is a trend brought about by the market. Because of previous market downturns, investors are now looking for a property’s ability to be flexible in terms of what their client needs. This considers the possibility of tenants coming and going with the building able to accommodate the needs of any tenant. This may cause some commercial real estate properties to undergo re-purposing to accommodate the needs of incoming clients. 

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Randy Benderson is the president of Benderson Development, a commercial real estate powerhouse with over 8,000 employees. Benderson believes that success is due to an excellent work ethic and passion for growth. Read more insights on the commercial real estate industry by visiting this blog.