The Future of Work’s Impact on Real Estate | Nine Four Ventures
‘It’s not hard to see that the ecosystem of employment and work is changing rapidly, and will continue to do so. The rise of the gig economy (from Uber and AirBnb to freelance programming), job automation through advances in AI and robotics, and increasing demand for flexible work arrangements (remote work, distributed talent) are all emergent trends with massive impacts on the Future of Work, particularly in advanced industrial economies.’
Pay Attention: Co-Living Will Not Disappear into the Night | Michael Beckerman via CRETech
‘Given the vast opportunities unfolding within coliving, we will see the rise of a new real estate asset class for the first time in a very long time. Coliving is not a passing fad, but rather a trend with real staying power and massive room for growth. Coliving represents a means to increase NOI per square foot, a type of communal living experience that is and will be sought, and a path toward addressing what many believe to be societies’ great risk: loneliness. As such, the impact of a new asset class cannot be understated.’
CRE Is Putting Up Major Money To Develop Technological Advancements | Bisnow
‘There was $10B in funding toward commercial real estate technology in 2018, but PropTech companies raised $4.5B in the first quarter of this year alone, a more than 181% increase from the $1.6B raised in Q1 2018. The hefty sum this year is notable, as commercial real estate has been slower than other industries in embracing technology.’
Technology Creating New Ways To Invest, Manage And Work In Buildings | Bisnow
‘Technology is changing not only how buildings are bought and run, but also how people are interacting within them. Several platforms are making it possible to bring technology on board that streamlines employee days, makes buildings safer and more secure or gathers and reports data in new ways for those managing the building.’
The We Company wants to cash in on “the WeWork effect,” too | Fast Company
‘The We Company and smart landlords are increasingly aware that real estate is just a platform—a blank slate that needs to be programmed. Forever, landlords would take on tenants based on whoever was willing to pay the most. But priorities have shifted. People wants to live and work in places with all of their favorite things. Buildings are now about personality—does it have a Sweetgreen or a Salad Box? An Equinox or a Crunch? A Starbucks or a Blue Bottle? The value a commercial tenant brings to a space is now as important as the price they’re willing to pay.’
