The Office is Dead.…Long Live the Office

In my 25 years of commercial real estate, I have never seen such a divide in the future of how we utilize office space and in turn the design and functionality of our office environment.

Nuveen’s real estate experts see four key outcomes:

? Overall office space demand shouldn’t be affected dramatically but could fall moderately as companies restructure their portfolios and accommodate greater flexibility for employees.

? Demand for supplementary flexible space is expected to rise,but flexible operators will needto evolve.

? Landlords, property managers and tenants will form closer alliances to enhance offices;reinforcing the migration to a partnership model.

? “Active animation” will drive workplace evolution focusing on collaboration community, hospitality, health and wellbeing.