Cubicles aren’t the only things disappearing from today’s workplace. Walls in general are going down and lifestyle amenities are going up. Socializing with co-workers throughout the day was frowned upon two decades ago whereas today it’s being encouraged. There have been extraordinary changes taking place in the workplace dragging CRE along with it.
Have you heard about the new, noise-canceling headphones that block all noise except for certain voices that you have “allowed”? Or, did you know there is a voice assistant on the market that can recognize individual voices and alter its activities based on who it’s talking to? It’s a bit of an understatement to say that technology is changing the way we live, shop, and interact – our personal and professional lives are in a state of flux over the newest app, the newest phone, the next big thing. Artificial intelligence, virtual reality, and even augmented reality are all burgeoning technologies that promise almost unfathomable changes yet to come. What about commercial real estate? Let’s look at some big tech trends that are impacting the commercial real estate sector.