Have We Reached a World of Infinite Information?

 

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.

The Top Workplace Trends

As the country recovers from a recession, workplaces are moving forward in new ways with new rules. Changes are afoot from how our offices look to who runs them and what equipment will be used. BalanceGal LLC looks at the trends seen in 2012 and what to expect in 2013:

• Employee engagement. There’s no polite way to say it — workers have had it. In 2012 we lost our happy-to-have a job mindset and now we want appreciation. For some of us it’s been a few years since we’ve had a raise or bonus. An October survey by by MSW Research and Dale Carnegie Training found only a mere 29 percent of employees are fully engaged. Experts say if our employers want us more engaged, they need to boost our confidence in senior management and look for ways to reward us. “Companies are going to have to decide, do we want to invest in our people again?” says John Hollon, vice president for editorial at TLNT.com, which follows workplace trends. “They will need to reconnect with workers in ways haven’t had to worry about for about 5 years now.”

• Top performers are lifelong learners. It hasn’t been easy, but American workers finally realize we need to take control of our careers. Most companies cut way back on training and on education reimbursement at the same time we discovered a need to add to our skills toolbox. Being the top sales person, or even the best doctor now means we have to keep up with new technology, trends and approaches and we have to do it on our own time and our own dime.

• Social media at work is a complicated mix. Through social media, companies now have an amazing way to market their handbags or food delivery services. But this new outlet for driving sales is also driving management crazy. As American workers turned to Facebook and Twitter to rant about cheap bosses or snotty customers, we saw employees getting fired and employers getting sued. Meanwhile labor lawyers are busy drafting social media policies for companies trying to protect themselves by letting workers know what’s acceptable. The rise of social media in the workplace isn’t likely to slow and employers will have to prepare themselves for the benefits — and the hazards.

• Flexibility is king. Sure we want to be paid well. But more importantly, we want to know that our employers “get it.” We want the day-to-day flexibility in how, when and where we work to better manage our lives. This year, we even saw reports that claim almost half of all workers would give up some of their salary to get more flexibility. We also saw smart employers of all sizes begin to position flexible work as part of their culture. Guillermo Rotman, president of Regus Americas, predicts more businesses will offer their employees flexible work options going forward, particularly as technology untethers us from our desks.

• We’ve got to get up. This was a breakthrough year in understanding how we work affects our health. Sitting at our desks, staring at a screen all day is making us fat and unhealthy. We saw a new pressure on employers to encourage workplace heath initiatives and pay more attention to physical activity at work. And we’ve realized we need to work differently, to get up and move around because mini-breaks, just one minute long throughout the day, can actually make a difference.

• Wellness programs are on the rise. Our employer really does care if we eat that doughnut or go for the apple. In fact, he cares so much, in many instances, he’s going to pay us to lose weight or participate in a wellness program. By now, employers realize that if we engage in healthy behavior, they benefit from lower healthcare costs. Expect this trend to get even more attention because The Affordable Care Act will expand the ability of employers to reward workers who achieve health improvement goals.

• Overtime. Is stopping on the way in for doughnuts for coworkers considered on the clock time? It could be. Companies are running into trouble with workers who claim there’s a rampant disregard for overtime pay provisions. In 2012, employees filed more than 7,000 federal lawsuits commonly known as wage-and-hour cases against their employers or former employers, records show. Losing these cases proved costly for some employers, and lawyers say they see these types of lawsuits continuing in 2013 along with a new interest in management training on what counts as a violation.

• Boomers retiring. We’ve been told it is coming, now it is happening. Experts say 2013 is the year that kicks off a wave of boomers retiring from careers they held for decades. “Some industries already are very focused on how to replace those exiting employees,” says Jennifer Schramm, manager of workplace trends and forecasting for the Society of Human Resource Management. Others will have to work hard and fast to develop the next generation of corporate leaders. At the same time, retirement creates a need for older workers to find ways to stay productive. Look for retirees to seek out opportunities to find work that helps them contribute to the greater good or causes they care about, says Marci Alboher, VP of Encore.org and author of The Encore Career Handbook: How to Make a Living and a Difference in the Second Half of Life. “They will be looking for opportunities to do something impactful.”

• Newly designed workplaces. Our workspaces are changing along with our work habits. As collaboration becomes more important, we are finding that workplaces that allow for sharing ideas are the new norm — open floor plans and collaborative work environments, standing work stations and dual monitors. We also see an increasing number of co-working or shared office space and virtual offices, preparing us to say goodbye to office cubicles of the past and look forward to opportunities for better networking. And while we’re at it, we will likely be bringing our own device with us to the office of the future. A Cisco study showed a staggering 95 percent of organizations permit employee-owned devices in the workplace. This includes laptops, tablets and smartphones.

Leading organizations recognize the challenges and opportunities that these trends bring. For most, the belt tightening is over and 2013 will be the year to refocus on top talent and move forward together.

 

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.

25 Amazing Offices

Office Snapshots ran a recent update on their website showcasing some of the most amazing offices out there. Check out the link here to see and read all about these great places to work. The picture below is from the offices of Mojang, the creators of Minecraft.

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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.

Essential Apps for Commercial Real Estate Professionals

Here are eight great apps for any commercial real estate pro thanks to the folks at http://blog.commercialsource.com/:

Photoshop Express Because managing your property photos can be a pain — cropping and color correction and brightness are a must-have for property shots –  photo management should happen fast and on-site, Photoshop Express is the iPad’s leading solution, bringing much of the power of the world’s leading photo software to your pad.  Compatible with iPhone, iPod touch, and iPad.Requires iOS 4.2 or later.

AutoCad WS View, edit and share AutoCad drawings with anyone from the site with AutoCad WS. Easily open DWG and other file types and get close with your prospective tenants on improvements while on-site.

Dragon Dictation Voice recognition app that allows you to easily speak and instantly see your text or email messages. Up to five times faster than typing on the iPad keyboard. Tap to record, tap again to pause, doubletap when complete.

Dragon Recorder Use the free Dragon Recorder app with your iPhone, iPad or iPod touch (4th gen) to conveniently dictate complete memos, reports, or articles – anytime, anywhere. Play back, rewind and fast forward the audio recordings. Then wirelessly transfer the audio files to your Mac or PC for quick and accurate transcription with Dragon speech recognition.

Dropbox Emailing yourself a file so you’ve got access to it at your desktop or mobile device is a hassle.  Dropbox cuts out the hassle – its’ a free service that lets you bring all your photos, docs, and videos anywhere. Any file you save to your Dropbox is accessible from all your computers, iPhone, iPad and even the Dropbox site.

ArcGIS by ESRI Ideal for building data on top of locales using maps.  You can get to key demographic and market indicators, map distances, run keyword searches and manipulate layers.  Ideal for access plans.

Pro HDR So much of onsite photography depends on light factors that we can’t control.  But you can make up for the shortcomings using High Dynamic Range photography that takes multiple shots at once, then sums them together for the best looking exposures – all automatically.

Sign-N-Send  Sign any Microsoft Office document or PDF and send to anywhere with Sign-N-Send. Universal app that works on all iOS devices.

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.

Video: Commercial Real Estate’s Economic Contributions to the Economy

Commercial real estate development is a valuable economic engine in the United States – it creates jobs, generates income and significantly contributes to the U.S. economy. Watch this video produced by the NAIOP Research Foundation to learn how commercial real estate development positively impacts the economy throughout economic highs and lows.

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.

Real Estate Forecast 2013-2014: Commercial Properties

A recent article from Forbes magazine looks into the future and offers its opinions on how 2013 will play out. Continue reading the rest of the story here or below.

Commercial real estate will improve marginally in 2013. New construction activity will inch upward, operating income will be a little better, and property values will level off. Later, in 2014 or 2015, operating income and prices will both rise, triggering increased construction.

The recession clobbered occupancy of office, industrial and retail space, which pulled rents down. Landlords suffered from lower revenues. In the slow recovery, new construction dwindled to nearly nothing. Current need for additional square footage was nil, and those developers who wanted to build for future demand found that lenders were hesitant to take much risk.

The current situation is that leases are dribbling in, generating small increases in occupied square footage. The current pace of construction is not only lower than in the boom, but well below historic averages. We know that given even middling economic growth, we’ll eventually need to build at a much stronger pace. However, the high vacancy rates that are a legacy of the recession will limit new construction through 2013 at least.

Property values have done quite well despite lackluster tenant growth because of low interest rates. If one thinks of a valuation as future earnings discounted by some interest rate, then lower interest rates lead to higher property values. The best mortgage rates have been obtained on excellent properties: good cash flow and good tenants. For such deals, interest is so cheap that it’s almost free. Properties of lower quality have a much narrower range of financing choices, resulting in higher interest rates. High quality commercial properties have appreciated by six percent in the past 12 months, with lower rates of gain for other buildings.

Real estate is always local, and a few markets are seeing a bit of life. However, our perusal of activity in many markets points to mostly build-to-suits in construction activity.

Although there will be very little construction activity in 2013, landlords will see modestly better occupancy. They will curtail rent concessions. Some markets will even experience rent increases. These will help operating earnings.

Interest rates will not fall further in 2013, and long-term mortgage rates may rise late in the year. Thus the operating income gains will not translate into further increases in property values.

New construction in 2013 will be just a little better than this year. The real boost in activity is likely in 2014 or 2015, depending on the market area. Nationally, more of the gain will occur in 2015 than earlier.

Business implications
Tenants with long-term plans for occupancy should lock in rental rates for as long a term a possible. Landlords, in contrast, should be eager to offer two or three year leases, to take advantage of better rental rates in the future. Developers should do the cheap part of planning new projects, but delay commitments to spend large amounts until we have surer signs of future demand.

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 Do We Need Less of and More of in Commercial Real Estate?

Duke Long at DukeLong.com thinks that commercial real estate is getting to the point that there is too much stuff that we don’t need and not enough of what we do need? Here are some of his suggestions:

We Need Less.                                     We Need More.
Emails Conversations                            Information Wisdom
Experts Learners                                     Selling Authenticity
Data Walls                                               Data Access
Data Restriction                                     The Cloud
Historical Data                                       Real Time Data
Data Confusion                                     Data Standard
Social Media                                           Digital Media
Quarterly Reports                                   Daily Market Updates
General Markets                                     Localism
iPad 1                                                      iPad 2
Outlook Salesforce                               CRM
CMBS                                                       CMBS (Yea I Know!)
Drip Mail Touch                                   Belly to Belly|
Blast Mail                                               Shoe Leather
The Office                                               The Street
AARP                                                     Generation Z
Cubicles                                                 Virtual Desktops
BS Hype                                                 Reality
Malls                                                     Netflix (Think about it!)
Kindle                                                   Any Device
PDF Flyers                                           Mobile Apps
1- Dimension                                     3- Dimension
Facebook                                             LinkedIN
Broker Bashing                                   Respect
Corp PR/SM                                       True Voice
Websites                                               WordPress
Online Fear                                         Online Interaction
Marketing                                           Content
Blog Lists                                             Deal Making

Just a few thoughts. What do you think? What does commercial real estate need more of and could use a little less of?

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.

LinkedIn or Facebook: Which One is Better For You?

LinkedIn and Facebook are recognized as top social media platforms, but which one is better for marketing? One might jump to say LinkedIn due to its professional nature and access to quality potential leads, but don’t rule out Facebook just yet. Facebook is a great way to engage with your leads and make personal connections. Using a variety of social media tools will help your business get the exposure it needs. The infographic below highlights the strengths and weaknesses of using both LinkedIn and Facebook for your marketing strategy.

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.

Tools To Help the Business Professional Be More Efficient

As business professionals make continued efforts to improve their bottom line, one solution that is readily available to them is eliminating the waste of paper at the office. And in today’s modern office, there there are several tools that can assist with these efforts.

Monitors: Using one or two monitors that support two side-by-side 8.5-inch by 11-inch documents is the most important tool in a paperless office. This enables professionals to work on one document while reviewing the other, eliminating the need to print a document to review it. Most laptops designed in the last four years support two screens (laptop and monitor), and any large-screen monitors (21 inches at 1600 x 1200 resolution or higher) are good for supporting multiple documents on one screen. Users should note that higher resolution is always better and ensures maximum performance.

Laptops and tablets: Since computers are an essential part of going paperless, professionals should consider buying a lightweight laptop or a tablet. If the device is easy to carry, users are more likely to take it with them to meetings or to work from home. The portable devices also allow professionals to fax or e-mail documents to clients from remote locations..

Digital Fax Services: Fax machines shouldn’t be viewed as pieces of hardware anchored in the office, but rather as client-driven scanners to a digital file cabinet. Whether professionals use j-fax, e-fax, or another service, they should think about dumping their dated fax machines as soon as possible. Switching to an electronic fax service that allows brokers to send and receive faxes in their e-mail boxes eliminates excess paper and has a minimal cost per month.

Scanners: Scanners are important office equipment that vary greatly from brand to brand, but it is importnat that the scanner you use can hold 30 pages, scan both sides of a page in seconds, automatically adjust for color or black-and-white documents, and save to PDF through one button. It also is important to have a scanner on each desk to work toward freeing documents from their digital analog format.

Software: As for the right software to use, only two tools are needed: one to read, edit, and manipulate documents and another to search them. Adobe Acrobat is the industry standard for creating, reading, and filing of digital documents. Using an effective search engine such as Google that can read documents is another software option for the busy professional out of the office a lot.

 

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.

How communications infrastructure plays an increasing role in commercial real estate

Smart Business magazine spoke with Mike Maloney, vice president of Comcast Business Services, about the rise of hyper-connected business and how advanced communications services affect commercial real estate. You can read the entire article below or visit the Smart Business website.

While “location, location, location” remains a primary concern for a business choosing new real estate, the criteria used to compare buildings is shifting.

“It’s clear that hyper-connected businesses are increasingly relying on high-performance networks capable of supporting cloud computing, Software-as-a-Service (SaaS), business continuity/disaster recovery and other high-bandwidth applications,” says Maloney. “This not only makes having a highly reliable network connection essential, it also makes the advanced communications infrastructure of a company’s office space a key part of its IT strategy and daily operations.”

How are hyper-connected tenants demanding access to advanced communications in commercial real estate?

An online poll of more than 450 building owners and property managers across the country asked respondents about the importance of advanced communications. Ninety percent said that advanced communications services are the fourth most important selling point behind location, price and parking. In high-rise commercial office buildings and with owners/managers of 2 million or more square feet of property, communications capabilities rose to even more importance.

This is as result of a changing workplace. Instead of a business hosting email servers in its office, storing backup files in its IT room and holding team meetings in a conference room, now a company is likely using a cloud service for email, with its storage backed up to a data center across the country and gathering teams via video conference. Public IT cloud services will account for nearly half of new IT spending by 2015, according to IDC research.

Can having advanced telecommunications services in a commercial building create a competitive advantage?

A majority of building owners and property managers view advanced communications services as a competitive advantage, regardless of other traits, according to the poll. A notable undecided group acknowledged a trend in the market but is unsure how it affects them; they may not have received direct feedback from prospective tenants to validate this. As businesses increasingly rely on network connections for day-to-day operations, ensuring those connections are modern and reliable translates into more uptime, revenue and customer satisfaction.

What role do multiple communication service providers play in occupancy rates?

Nearly two-thirds of the owners and managers surveyed said they have multiple providers of fiber-based communications services in their buildings. With a U.S. vacancy rate of 18.1 percent in the second quarter of 2011, a competitive climate has building owners and property managers looking for any advantage to attract and retain tenants. Nearly one out of two respondents said that access to multiple service providers in their buildings positively impacts occupancy rates by up to 19 percent. Warehouses make the most use of multiple providers, likely due to the key role they play in moving inventory, order fulfillment and related logistics that require redundant network connections to maximize uptime.

By having access to multiple service providers in one building, tenants have options for different services, plans, prices and service level agreements, and the flexibility to switch providers in the future. More important, access to multiple service providers provides critical redundancy and load balancing so the company can ensure that it maximizes network uptime and overall performance.

How often is advanced communications service a topic of negotiation with prospective tenants?

More than one-third of respondents say that in 75 percent of negotiations with prospective tenants, the topic of advanced communications is raised. This was even higher for respondents who own or manage suburban office buildings. In today’s competitive real estate market, negotiations are important, as the outcome represents a fixed outcome of revenue and cost for years to come. As lease rates often do not have much room for negotiation, other items grow in importance, including advanced communications services. If managers and owners do not have access to advanced communications services, they should discuss a plan for bringing them into the buildings and be aware of available service providers.

How can property owners and managers highlight their buildings’ communications services?

Once properties have the right communications infrastructure, ensure that marketing and sales materials list the services and providers available so these selling points stand out for prospective tenants. Highlight network access points, data rooms or other onsite communications facilities when giving tours and make sure brokers are knowledgeable about what services are offered in each building.

Do an advanced communications services audit that covers what service providers and associated products, services and prices are available as compared to competitive properties in the area. This will help you validate and communicate your competitive advantage, and identify and fill in any access gaps.

Research local service providers and discuss the requirements for extending providers’ networks, including the construction timeframe and the bandwidth capacity of the network. It’s critical to ensure that buildings have a wide range of bandwidth capacity options delivered over multiple, diverse networks so that if tenants access both, they can still be connected, even if one network goes down.

Don’t wait for tenants to ask about advanced communications infrastructure. Take the time to understand your tenants’ business and potential applications, as well as the services needed to run it. Then proactively discuss how your building’s infrastructure is suited to those needs.

 

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.