Speaking at the Global Alternative Investments Insights 2015 Conference, Rob Speyer discussed how recent changes in office environments are impacting real estate development.
“People want to work more closely together,” Speyer said. “They like to work in teams, they want to collaborate, they want to have the same kind of energy that we feel at this conference. They want to connect. Now, this is a powerful culture shift.”
Speyer discussed how the corner office is a dream of past generations of workers, not of the future. In 1990, an average worker occupied 300 square feet; today, that same worker occupies less than half of that.
“We are building a contemporary warehouse building in a major city in the U.S and an old line consulting firm is looking to rent the whole thing,” he said. “This would’ve been unthinkable five years ago. That company would have only considered a typical office building with a glass façade, but times are changing.”
Watch the clip in full below: