State of the Industry
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State of the Industry BOMA: Better by Association 280 Plaza, Columbus, Ohio CBRE
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State of the Industry. 280 Plaza, Columbus, Ohio CBRE. BOMA: Better by Association. Uneven Recovery in Search of Momentum Vacancy Rates D ipped to 15.3% (CBRE) Just 49 Million sf Absorbed in 2012, Less than Half of 2005 (Mueller ) Q2 Still F lat – RER Sentiment Index – 69 - PowerPoint PPT Presentation
Transcript of State of the Industry
State of the Industry
BOMA: Better by Association
280 Plaza, Columbus, OhioCBRE
Uneven Recovery in Search of Momentum
• Vacancy Rates Dipped to 15.3% (CBRE) • Just 49 Million sf Absorbed in 2012, Less than Half of 2005 (Mueller)• Q2 Still Flat – RER Sentiment Index – 69• Stock Market, Housing, and Auto Sales Up• The Federal Reserve
Global Market Conditions
• Global Capital Office Value up 2.5% in Past Year (CBRE)
• Global Rent Up 0.8% in Past Year (CBRE)
• Emerging Markets account for more than half of world GDP
• Regulations• Taxes• Sustainability• Voluntary Marketplace
Recognition of Best Practices
• TOBY Awards
• Performance Benchmarking
• Lower Operating Expenses
Efficient Buildings Training for Engineers -Parmenter
Decreased Energy Usage by 64%-Glenborough, LLC
Moved Dial from 10 to 63 ENERGY STAR Rating-Munich Reinsurance
ENERGY STAR Award 11 Years in a Row-USAA Real Estate Company
Participant in DOE’s Better Buildings Challenge-Shorenstein
Distributed 312,000 CFL Bulbs through EPA’s Change the World Campaign -TIAA-CREF
Helped Tenants Benchmark Energy Use -Liberty Property Trust
Technology & AdaptabilityIt’s time to take the Plunge!
• Mobile & “Sensor Revolution”• “Connected” Buildings• “Big Data” - Management
Dashboards• The Cloud• Time to Innovate
Future Space Requirements
Source: BOMA International 2013 Global Tenant Survey
Space Utilization• More Density for
Some• More Space for
Others• New Configurations for Many • Culture Shaping
Workspace
Global Tenant Preferences
TI Allowance Image/Prestige Amenities Public Transit "Green" Features
Downtown
61%
48%
48%
71%
56% 59
%
77%
68%
63%
54%
50%
49%58
% 62%
77%
31%
46%
73%80
%
64%
50%
48%
43%
21%
Priority of Selected Factors in Space Selection by Country
Canada USA New Zealand South Africa
Source: BOMA International 2013 Global Tenant Survey
Global Space Preferences
Executives Managers
Workers
No Co-workingSpace
Some Co-workingSpace
ExecutivesManagers
Employees
Off-Site Co-Working
Alternative Workspaces
China, India,Russia, Morocco
U.S., UK, Germany, Netherlands
France, Spain, Italy
Source: Steelcase Workplace Culture Study
Millennial Makeover
Set the Stage for Collaboration• Shared Workspace• Team Space• Tear Down those Walls!• Let in the Light• Be Green, Be Connected• “High Tech is High Touch”• “BYOT”
LeadershipThe Tools and Ideas You Need to Be Effective in All of This
Leadership Track:• Maximizing Employee Performance through Involved Leadership• Lead, Follow or Get Out of the Way• Creating Value in the Workplace• Leading the Way! Women, Success & CRE• Employment Trends and Tips for Both Employer & Employee
Collective Wisdom
BOMA: Better by Association
280 Plaza, Columbus, OhioCBRE
