Long live the office!
- WSJ: Office Rents Return to 2008 Rates
- TRD: NYC and SF Vacancy Rates 6 Year Low
- Architects Are Now 'Starchitects'
- Apple / Google / JP Morgan - WTF?
example #1: Google’s proposed new office project
Proposal from 2015 – initial design is likely not to get built in entirety but still gives us insight into what the future of work/office looks like
Space designed to be “future-proof” – endlessly reconfigured to meet unforeseen demand
Google has the right idea – it is getting harder to predict the future, and real estate needs to adjust to accommodate for that unpredictability
Physically - parts of the plan include:
Artificial sky
Modular meeting rooms
Manicured parks, hiking trails, and bike baths
Supporting example #2: JP Morgan’s new office in Hudson Yards
Built specifically to compete for engineering talent (agst. Google, Facebook, tech)
Following the leads of the innovators – tech companies
Definitely no longer about the CSuite needs – even in Financial Services – about the entire talent pool
Physically - parts of the plan include:
Ideas can be written on any surface in the office (e.g., walls, chairs, etc)
Game rooms, scooters
The classic trappings of a “Google” like office