What Happens During an Internet Minute

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About The Sundance Company                                                      
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

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After Retail, These are The Biggest Drivers to Shopping Centers

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The food and beverage category and entertainment are taking up more and more of shoppers’ time — and money.

Since January, 81% of shopping center visitors have spent money on food and beverage services at a shopping center and 80% have purchased from traditional retailers, according to the International Council of Shopping Center’s Mixed Use survey. About two-fifths (38%) of U.S. adults now spend more on eating/drinking at dining establishments (including takeout). And 50% of all consumers want to see more dining options in centers; 40% want to see more leisure and entertainment options.

After all their eating and drinking, consumers are trying to remain healthy and are going to gym/fitness centers, yoga and cycling studios and visiting medical clinics in shopping centers. Just over one-third (36%) of consumers say they visit health/wellness facilities, such as gyms, yoga/cycling studios more now than two years ago, with the figure even higher for millennials (47%). And about one-quarter of consumers also say they would like more medical/health clinics (28%), personal care services (26%) and gyms/fitness centers (25%)

The survey also revealed that 79% of respondents have visited brick-and-mortar retailers the same amount or more over the past two years. But there are generational differences when it comes to what consumers have spent on at shopping centers since the start of 2019. Nearly nine of 10 (86%) baby boomers bought retail goods compared to 76% of Generation X and 75% of millennials.

In other key findings:

  • More than two-fifths (44%) of consumers say that their shopping center visits today are more likely to include a variety of different activities compared to two years ago and close to half (45%) of U.S. adults would travel farther to a shopping center that offers a wider variety of tenants than one that is closer with less.
  • Among non-retail tenants, 62% of consumers are driven to a shopping center by the leisure and entertainment venues. Nearly as many (56%) are enticed by the fast food/coffee shops, while 53% are drawn by the full-service, casual/fine dining restaurants and 51% by the limited-service, fast-casual dining establishments. To a lesser extent, but still influential are fitness & wellness facilities (47%), personal care services (46%) and professional services (42%). In addition to motivating shopping center
  • The majority (78%) of adults say they would reside in a ‘live, work, shop, play’ community. The top reasons are convenience/efficiency (55%) and easier access to amenities as a result of aging (46%).

Portions of this article originally appeared on the Chain Stor Age website.

About The Sundance Company                                                      
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

What Your Dog is Trying to Tell You

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About The Sundance Company                                                      
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

Five Ways the Mobile Office is Changing Office Design

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The modern workforce is changing, with all signs pointing toward a future of remote workers and a level of flexibility never before seen in traditional offices. In fact, 68% of workers surveyed by PwC say they expect their work futures to include flexible hours and working remotely on scheduled days.

This new workforce will transform not only the atmosphere in work environments, but the physical workspaces themselves. With fewer employees coming into the office, some workers popping in and out throughout the week, and employers who are beginning to offer more flexible environments within the office, the modern workplace will transform accordingly.

Here are five ways that the increasingly remote and mobile workforce will create entirely new standards for office design.

  1. Designated desks are no longer the norm

The days of cubicles and assigned desk stations are finally coming to an end. As more office employees start working from home full-time or only come into work on certain days of the week, it no longer makes sense for employers to keep individual, assigned desks around for everyone.

Instead, the office infrastructure is transforming to include more collaborative workspaces and unassigned seating in order to better serve employees who float in and out of the office. In this way, employees can find the spot that best suits them on a given day, while employers can save money on space and resources. It’s also becoming more common to see multiple clusters of desks or tables for different teams in order to promote unity and collaboration amongst them.

  1. Incorporating more breakout spaces and lounge areas

While some people tend to work more productively in a traditional desk-and-chair layout, others feel better when they’re working from a sofa or bean-bag chair. That’s why offices are creating a new mixture of furniture zones that offer both laid-back and traditional seating options. This could range from collaborative tables for those who want to work in a more relaxed manner and socialize with co-workers, to soundproofed spaces or office pods for those who prefer to work alone or in silence.

Workplaces are also starting to take advantage of wellness initiatives to attract and retain their employees, such as the WELL Building Standard Certification, a relatively new program promoting office design that improves employees’ mental and physical health. Many offices now include “green” areas that bring the feeling of nature indoors, and wellness rooms where members can meditate, practice yoga, or engage in any activity that lets them take a break from sitting at their desks. These initiatives, combined with more relaxed furnishings, are creating drastic changes to the aesthetic of the modern office.

  1. Building smaller conference rooms

Traditional board rooms and conference rooms with tables big enough to host 20 people are another casualty of the remote workforce movement. Instead, smaller conference rooms that simply fit four to six people and a media center are quickly becoming the new norm for office meeting environments.

In this new mobile climate, many employees are starting to come into the physical office solely for face-to-face meetings with co-workers or to bring in vendors and clients for presentations. This means that employees are specifically coming into the office for access to these meeting rooms, and offices should be sizing those spaces accordingly.

  1. Technology that cuts the bind between office and home

When offices have more employees working from home — or even from other countries — it’s critical to have the proper technology to connect people together easily.

To do this, offices are using VoIP phones, which make phone calls through the internet rather than regular landlines, to help employees around the world appear as though they’re calling from the office. Making sure that all employees are on the same page when it comes to their tasks and team projects means meeting people where they are, whether it’s at the office, the home, or in a café, potentially anywhere on the planet.

  1. Smaller offices, smaller carbon footprint

There are huge bonuses, both financially and environmentally, to offices employing more remote workers. For employers, less people in the office equals less needed space—meaning they can save huge amounts of money by renting or building smaller office spaces, and by using less energy and water, lowering their utility bills.

For employees, the ability to work remotely means an erased commute, which in turn will reduce air pollution and help create a smaller carbon footprint. Of course, these changes won’t happen overnight. But as more companies begin to accept the idea of using a remote workforce, the corporate sector, just like its workers, will certainly see new benefits.

Portions of this article originally appeared on the Quartz at Work  website.

About The Sundance Company                                                      
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

 

Funny Facts About Your Digital Life

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About The Sundance Company                                                      
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

Office Space Tenants Want More Technology

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Once upon a time, “office technology” focused on ensuring that a space had enough wiring to hook up phones, computers and other equipment. Tenants would design their spaces to their own technical specifications.

But, in this day and age, landlords and building owners are finding they have to provide telecommunications infrastructure — and even offer technology such as smart windows — to attract tenants. A recent article in the New York Times pointed out that, while location, access to transportation and floor-plate size remain the primary reasons tenants select spaces, beefing up tech provides a competitive advantage. Basically, landlords with state-of-the-art tech knowhow can command premium rents. But, those that don’t provide tech infrastructure as part of their packages might have to offer a discount.

According to CRETech, venture capital investors are taking note. In 2018, venture capitalists invested $9.6 billion in real estate technologies. So far, in Q1 2019, investments totaled $4.9 billion, a 250% year-over-year increase.

Such tech projects include the following:

DivcoWest’s Cambridge Crossing in Massachusetts offers 2.1 million square feet of office space. Underground, and hidden within the buildings, will be an estimated 10 miles of fiber-optic cable, meaning uninterrupted Wi-Fi everywhere on the premises.

The Durst Organization installed “smart windows” in an office pavilion topping a Midtown Manhattan building. The windows automatically tint when the sun is shining, eliminating the need for shades. The windows were supplied by View, a California company that manufactures “dynamic glass.”

MarketAxess’ headquarters, in Manhattan’s Hudson Yards, contains jumbo screens in every meeting space. Meanwhile, in the boardroom, equipment powering electrical outlets, data ports and jumbo wall screens is contained in a nearby walk-in closet. The office’s main data center is in New Jersey. Daylight sensors on windows dim office lights if the sun is bright, with window shades automatically going up and down, depending on the time of day.

Other technology using mobile apps or computer software (often provided by landlords) allows employees to research different gathering places before deciding where to set up meetings. The employees can check data on occupancy, temperature and daylight, then decide whether to head to a quieter spot to work without distraction, or a sunny side of the office, where others are already meeting. The data is also monitored by building operators to determine climate control, or the need for janitorial services in a particular area.

The downside, however, is a potential for security risks within digital offices, not to mention the specter of in-depth surveillance. Noted Arie Barendrecht with New York consultant WiredScore: “There are so many great benefits of a digitally-enabled building. There’s also a downside.”

Portions of this article originally appeared on the Connect website.

About The Sundance Company                                                      
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

 

What Reading Does To Your Brain

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About The Sundance Company                                                      
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.