Recent Survey on Tech Trends in Commercial Real Estate Yields Surprising Results

A recently conducted a survey at The News Funnel gauged the commercial real estate industry sentiment as it relates to technology trends. Some of the results were not so surprising, but one thing really stood out. The main takeaway from survey was how many exciting new websites are being launched on a regular basis creating a real tech revolution in the industry. Another things that was really surprising was the amount of respondents who said they are still getting the majority of their news and information from their desktop devices as opposed to mobile. It’s completely contrarian to what’s obviously happening in the tech sector in general as mobile is taking the tech world by storm. Old habits die hard, but if someone can get the industry to adopt to a mobile solution, they will have the field to themselves.

Here were the major findings of the survey:

Which data and information website is used the most by industry professionals?
CoStar was chosen by 60% of the survey followed by Real Capital Analytics and LoopNet in a virtual dead heat for second place.

Which new real estate tech site are you most impressed with?
A virtual tie between View The Space and OfficeSpace.comCompStak was selected as the third most impressive site. Other sites that were chosen were RetailMLS, 42Floors and TheCapRate.

Which aspect of the industry is experiencing the most exciting innovation?
More than half of the survey respondents selected “news”, followed by “marketing” and “space search”.

Which area is lagging the most in regards to tech innovation?
“Data analysis” was the answer most given followed by “marketing” and then “property management”.

When asked which sector of the industry is experiencing the most innovation residential or commercial?
Almost 70% of the survey said “commercial”.

Finally, and most surprising, What type of device you use to access real estate information?
83% said their desktop while only 17% said mobile.

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 Robots Will Change Real Estate

A recent article from InmanNews discusess how robots could have an impact on real estate. It may sound like science fiction, but it’s not. Robots are about to be everywhere, including real estate. Robots are in the wild, cleaning up nuclear waste, sanitizing hospital rooms, and entertaining us all. How will they impact real estate? It’s anyone’s guess at this point, but here are five ways robots could impact real estate within the next five years.

1. New telepresence robots, like the ones from Double Robotics, will finally let us be in two (or more) places at once. Control the robot from your iPad and communicate face-to-virtual face with co-workers and potential clients. Send a telepresence robot along to an open house. Invite brokers and clients to attend previews from the comfort of their home or office. The possibilities of telepresence are limitless.

2. Robots like Romo could lend a helping hand. Need exterior shots? Send a Romo out to the street for wide angle views. How about a cameraman for your video? Check. Need a BPO? A Romo with some simple software can canvas a street and send back data while you meet with clients.

3. How about a robot who can issue conditional approvals and underwrite loans in real time? Robots with natural language processing could collect data from a client interview and, connected to an underwriting engine, produce financing options and approvals in minutes.

4. The issue of private drones is unfolding in front of our eyes. Federal, state, and local governments are racing to issue guidance on drone use; but no matter the outcome, drones will become fixtures in our skies. Depending on how legislation shakes out, drones could be used for aerial views, home fly-throughs and more. This is already happening with remote controlled quadcopters. The machines will handle it with a few taps on your iPhone tomorrow.

5. Robots could make finding the perfect home a breeze. Imagine a robot that could use information about your client, their Facebook interests along with some simple questions about their income, to query and sort MLS listings for the perfect place for them.

Of course, how exactly the future will play out is anyone’s guess; but one thing’s for sure, robots will be a part of it.

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.

Office Space Tips and Productivity Ideas

A recent article from Gensler On Work, You Are My Density: Snow White and the Open Plan Office.

The contemporary workplace is apparently on a diet. Much lauded in the national press as well as industry publications, you’d be challenged to find any article about office design that doesn’t mention increased density. Eradicating private offices, tearing down cubicle walls and drastically decreasing square footage/person allotments—how low can you go seems to be the newest measure of workplace design success.

But does real estate efficiency equal workplace effectiveness? Do people really work better when they’re put closer and closer together?

I’ve long suspected that Snow White is the intended occupant for a densely populated open office space. She’s neat and clean and pretty and polite; she’s kind and has no bad habits. No one would mind sitting next to Snow White. She’d probably even tidy up your workstation when you weren’t around.

But the truth is, our office mates tend to be more like the Seven Dwarfs. Along with Grumpy and Sneezy, there’s Nosy and Noisy and Loud Talker, Nail Clipper, Smelly Sandwich Eater, Keyboard Banger, and Volume Too High iPod Listener. You get the picture. People are naturally imperfect and those imperfections are amplified when we’re boxed into too close a quarters.

There is certainly unused and unnecessary space in many offices and getting rid of it is good for a healthy bottom line. But workplace efficiency and workplace effectiveness, while not necessarily polar opposites, are also not the same thing; gains in one often come at the expense of the other.

At the heart of the issue is the fact that space needs are not just functional; just because your computer has shrunk, your monitor is thin, and your paper files have gone digital doesn’t mean you have no need for a buffer zone. Proxemics, the study of the cultural, behavioral and sociological aspects of spatial distances between individuals, has shown repeatedly that comfort zones do exist and being respectful of them is crucial for a person’s own productivity, as well as healthy relations with those around them.

The human need for space tends to be well understood in other areas of life. Cars are marketed as roomy and comfortable, homes as spacious and airy, high end grocery stores as having wider aisles, first class airline seats as having much more space per person. When was the last time a hotel ad bragged that they had smaller rooms? In most spaces, a lot of people in a small area is called congestion; in workplace design it’s called efficiency. It’s time we question that.

A lean office is desirable, but an anorexic one can be devastating. Finding the tipping point when the dense workplace becomes a hindrance to people getting their work done is the art and science of workplace design. Without great care, densely populated, open office workplaces may fall squarely under the old warning, just because you can doesn’t mean you should.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure 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 Boise and Meridian locations. More information is available at www.sundanceco.com or 208.322.7300.

Year 2020: Corporate Workplaces, Property Portfolios Undergoing Radical Shifts

An article from The CoStar Group discusses that within the next eight years, companies expect to deploy sophisticated data platforms and revamp facilities to support a new generation of tech-savvy employees who will make full use of the virtual office and other alternative workplace strategies. These and other business imperatives are already beginning to reshape how companies and their service providers think about their real estate footprints and strategies.

Read the rest of the article here

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure 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 Boise and Meridian locations. More information is available at www.sundanceco.com or 208.322.7300.

Design Ideas to Improve The Workplace

There are lots of ways to use design to increase focus and productivity in the workplace, and here are a few good ones:

Lights: Study after study shows that humans are meant to be exposed to natural sunlight during the day. Exposure to bright lights in general — but particularly to natural sunlight — keeps our minds and bodies more alert and active, which can increase productivity and focus in the workplace. Consider adding skylights, and even adding in natural lights rather than florescent lights can make a big difference in workplace focus and productivity.

Walls: Traditional office spaces use cubicles with high walls, and it can be a problem. Workers feel isolated; they’ll be more productive if they feel they’re part of a community. Conversations are louder; workers have to raise their voices to talk between cubicles. Installing clear glass walls between cubicles is one excellent solution for this, but many offices are also starting to lower cubicle walls to create more of an open, community feel.

Meetings: One design idea to fix both of these problems is to build in several small meeting spaces along the edges of the office. Stick with the open feel by giving them soundproof glass walls. The rooms don’t need to be very large – just enough to hold five or six people comfortably for an impromptu meeting. Soundproof walls keep the other workers from getting distracted, and several small rooms allow for groups to meet whenever they need to.

Breaks: When your workers go to the break room, they should be able to actually take a break and unwind. Give your break room all the essentials – such as a fridge and microwave – but also add in some homey extras, like a couple of comfortable couches, bar-height tables for small lunch groups, and relaxing décor.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure 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 Boise and Meridian locations. More information is available at www.sundanceco.com or 208.322.7300.

Is Your Desk A Mess? Clearing Out The Clutter

Do you ever feel that life is getting on top of you? Do you get overwhelmed with everything that needs to be done? Do you waste hours searching frantically for important documents, lost keys, and other essential items? Unfortunately for a lot of us, the answer to these questions is yes.

Keeping your surroundings tidy and organized might sound like a chore, but it’s actually one of the best ways to obtain peace of mind and a calmer outlook on life and at work.

Schedule Some Time – Like everything else on your to-do list, clearing out the clutter will only get done if you schedule some time for it. Tasks like tidying, organizing and cleaning are incredibly easy to put off, because they’re rarely urgent until, of course, you lose that very important report, your charger, or your car keys. Try giving yourself a target of just half an hour of non-stop tidying each day for a week. You’ll be surprised just how much you can get through.

Concentrate On One Place – One big mistake when clearing out the clutter is to try to do a bit of everything at once. Focus on getting one place completely cleared and organized; this will give you an instant motivational boost.

Tackle Something Each Day – Keep up the momentum by doing some tidying each day. Even if you’re really short of time, you can manage ten minutes to clear out some clutter. Don’t dismiss electronic clutter as it can be just as time-and-energy draining as physical mess.

Don’t Undo Your Good Work – Once you’ve got things to a tidy state, it won’t require much effort to keep them that way. Make sure that you get yourself into good habits so that things stay automatically tidy. For most people, this means making sure that items get put back to their proper places after use and spending a little time each week doing any extra tidying.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure 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 Boise and Meridian locations. More information is available at www.sundanceco.com or 208.322.7300.