4 CRE Trends We Can Attribute to Millennials
CRE Trends by Millennials
Cincinnati, Ohio– May, 01 2018 – Today’s workforce is undergoing a major shift in population. As of 2017, 56 million Millennials are either working or actively searching for work, making them the largest segment of the U.S. labor force, surpassing Gen Xers in 2016. More than one out of every three American workers is a Millennial–more than Gen Xers and much more than Baby Boomers. And, just as every other generation that came before them, Millennials pride themselves on marching to the beat of their own drum, if you will–wearing different clothes, listening to different music, and working differently.The very idea of where and how we work is undergoing a revolution right now, with major changes being made in physical design and decor. Here’s a closer look at 4 CRE trends we can attribute to millennials…
1. Millennials prefer non-traditional work spaces
While Millennials often get a bad rap for being aloof, self-centered and poor communicators in the workplace, this doesn’t seem to hold up in practice. Millennials prefer“work casual”environments–thriving in open work spaces with lots of common areas for casual, impromptu meetings. Long gone are the closed offices and rows of traditional cubicles; now, glass walls, common tables, and even sofas rule the new workspace.
2. Millennials are comfortable with unassigned work spaces
These days, people aren’t the only capital that needs to work smarter, not harder–offices are regularly required to accommodate more and more workers with less square footage and fewer desks. One solution to this issue is unassigned work spaces. Strategies such as free desking, desk sharing, benching and more all allow employees to work at different places throughout the day. An added bonus? A change of scenery is proven to boost your performance at work.
3. Millennials embrace high technology
While technology isn’t exactly a design trend, it definitely plays a major role in today’s modern workspace. With more and more millennials in leadership roles, outfitting office spaces, technology everywhere–wireless keyboards and mice, headsets, smart boards, dual monitors, personal laptops and tablets, smartphones, and more. And, in true Millennial fashion, these items are pulling double duty–that PA system that was used in this morning’s budget meeting? It’s being used for karaoke later during office happy hour.
4. Millennials are making work fun
One of the most marked trends of millennials in the work place is that they’re making work feel, well..not like work. Millennials work hard and play hard, and they demand an office environment that keeps up with them. They’re looking for a space that has plenty of room for office gatherings, or even a pool table or ping pong table. Providing engaging areas throughout the office will help your employees relax and give their brain a rest. And rest assured, they’ll be back at work in no time–recharged and ready to go.
More Than Design: Putting the Pieces Together
You may be wondering why all of this matters. If your company is successful and you pay competitive wages, you’ll attract the best employees, right? Not necessarily. Another trait of millennials workers is that more and more factors are becoming more important than their paycheck–things like workplace culture, flexibility and yes, a well-appointed workspace.
About NAI Bergman
Founded as Bergman Group, Inc., NAI Bergman is a leader in Greater Cincinnati-Northern Kentucky, Southeast Indiana and Dayton markets. NAI Bergman is a family-owned and operated full service commercial real estate brokerage, property management, development and construction management firm. Spanning over 65 years and four generations of commercial real estate experience, NAI Bergman has steadily grown by meeting client needs and partnering with others to promote mutual growth and prosperity in all aspects of commercial property ownership.
NAI Bergman clients have a distinct advantage in commercial real estate services. Whether real estate requirements are in one market or many, we help you understand the market, acquire, dispose of, develop or manage your property. Our clients appreciate local area expertise, personalized service, and Internet-based project management. Clients can control their project management assignment activity – 24/7, anytime/anywhere.
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NAI Bergman provides comprehensive brokerage, leasing, property management, receivership services, and facility/construction management to the Greater Cincinnati, Dayton, Northern Kentucky and Southeast Indiana commercial real estate marketplace. Our collaborative services platform, expansive, yet nimble responsive structure which enables efficient, full services delivery of all elements of Commercial Real Estate Services to the region. NAI Bergman’s four generations of success is a direct result of its unwavering commitment to provide the best possible service to each and every client.
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About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world. Whether you need to buy, sell, lease, finance, or manage commercial property in your town, across the U.S. or in Asia, Europe, Latin America, and beyond, your nearby NAI Global local office is your local point of entry into a world of creative solutions in commercial real estate.
Exceptional global commercial real estate solutions begin with local market leadership and expertise. NAI Global offices are respected local-market roles models that are passionate about the commercial real estate business. With long histories of success across market cycles, NAI Global offices have a hard-earned, unusually deep level of local market knowledge and insight beyond the commoditized data you find elsewhere. This depth of knowledge is borne from their local relationships nurtured for generations-relationships that give our local-market leading offices the edge with the know-how, who, what, where, and when to achieve exceptional results for clients.
As an organization, NAI Global actively manages this industry-leading platform of local market knowledge and leadership, providing support and services that yield seamless integration and the consistent delivery of exceptional services to clients worldwide.
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