State of the Industry
280 Plaza,
Columbus, Ohio
CBRE
BOMA: Better by Association
Uneven Recovery in Search of
Momentum
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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
ENERGY STAR Award 11 Years in a Row
-USAA Real Estate Company
Helped Tenants Benchmark Energy Use
-Liberty Property Trust
Participant in DOE’s Better Buildings Challenge
-Shorenstein
Moved Dial from 10 to 63 ENERGY STAR Rating
-Munich Reinsurance
Distributed 312,000 CFL Bulbs through EPA’s Change the World Campaign
-TIAA-CREF
Technology &
Adaptability
It’s time to take the Plunge!
• Mobile & “Sensor Revolution”
• “Connected” Buildings
• “Big Data” - Management
Dashboards
• The Cloud
• Time to Innovate
Future Space Requirements
Space Utilization
• More Density for
Some
• More Space for
Others
• New Configurations
for Many
• Culture Shaping
Workspace
Source: BOMA International 2013 Global Tenant Survey
Global Tenant Preferences
Priority of Selected Factors in Space Selection by Country
73%
49%
59%
56%
50%
46%
43%
21%
31%
48%
54%
50%
48%
South Africa
71%
77%
New Zealand
63%
68%
62%
64%
48%
58%
77%
61%
USA
80%
Canada
TI Allowance Image/Prestige
Amenities
Public Transit
Source: BOMA International 2013 Global Tenant Survey
"Green"
Features
Downtown
Global Space Preferences
China, India,
Russia, Morocco
No Co-working
Space
Some Co-working
Space
France, Spain, Italy
Workers
Executives
Managers
Off-Site
Executives
Managers
Employees
Co-Working
U.S., UK, Germany, Netherlands
Alternative
Workspaces
Source: Steelcase Workplace Culture Study
Millennial Makeover
Set the Stage for Collaboration
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Shared Workspace
Team Space
Tear Down those Walls!
Let in the Light
Be Green, Be Connected
“High Tech is High Touch”
“BYOT”
Leadership
The 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
280 Plaza,
Columbus, Ohio
CBRE
BOMA: Better by Association