Transcript CBRE - BOMA
State of the Industry 280 Plaza, Columbus, Ohio CBRE BOMA: Better by Association 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 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 • • • • • • • 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