Career Center | Print Page | Contact Us | Sign In | Join
News & Press: 2019 Economic Development News

What’s Prompting Today’s Real Estate Decisions? - SFP Insider

Friday, January 11, 2019  
Share |


Area Development

January 11th, 2019

Site & Facility Planning Insider


What’s Prompting Today’s Real Estate Decisions?

A report released last fall by the World Economic Forum estimated that machines would handle more than half of all workplace tasks by 2025. However, the report also noted that, at the same time, advances in technology would create a greater number of new jobs.

These rapid advances in technology are having a transformative effect on real estate markets. A repurposing of office space as well as space-sharing is becoming the norm. For example, in New York City, a retail facility opened by Lord & Taylor more than a century ago has been purchased by WeWork, “a seven-year-old startup whose office-sharing model is helping to reinvent the concept of work space,” according to The New York Times. WeWork will house its headquarters in the facility.

Headquarters location decisions are being made for a myriad of reasons, including to access talent and to burnish a company’s corporate image. Urban areas provide access to tech-savvy millennials who seek a city’s lifestyle offerings.

Life sciences companies’ need for a flourishing talent pool of millennials is similarly affecting their real estate decisions, prompting industry leaders to invest in higher-cost cities and to design cutting-edge facilities. Nonetheless, some life science companies are choosing locations “along the edge” of more costly cities where they can still enjoy the synergy of surrounding innovation.


What’s Prompting HQ Relocations?

Mark CrawfordMark Crawford, Staff Editor, Area Development

Companies are relocating their headquarters for myriad reasons, including to lower costs, access skilled talent, improve accessibility, and burnish their corporate image.

Read the whole story...




How Location Strategy Can Fuel Drug Discovery

Roger HumphreyRoger Humphrey, Executive Managing Director, Industries, JLL

Life sciences companies are seeking locations where they can attract top talent and identify flexible facilities, which is directly affecting their real estate decisions.

Read the whole story...



In Focus: Technology and the Evolution of the Real Estate Industry

Robert G. ThornburghRobert G. Thornburgh, Executive Vice President & Partner, Kidder Mathews

The marriage of physical and digital technologies is having a transformative effect on real estate markets — from industrial and distribution to office.

Read the whole story...





Consultants Forum Upcoming Events

Attend Consultants Forum 27
Marriott City Center, Charlotte, NC
June 3-5, 2019

Register Now


Area Development Consultants Forum


Area Development 400 Post Ave Suite 304 Westbury, NY 11590 USA 1-800-735-2732

Area Development Online

Copyright © 2019 Area Development, All rights reserved.


1340 N. Great Neck Road, #1272-128
Virginia Beach, Virginia 23454

Copyright © 2018. All Rights Reserved.