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State of the Industry. 280 Plaza, Columbus, Ohio CBRE. BOMA: Better by Association. Uneven Recovery in Search of Momentum Vacancy Rates D ipped to 15.3% (CBRE) Just 49 Million sf Absorbed in 2012, Less than Half of 2005 (Mueller ) Q2 Still F lat – RER Sentiment Index – 69
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State of the Industry 280 Plaza, Columbus, OhioCBRE BOMA: Better by Association
Uneven Recovery in Search of Momentum • Vacancy Rates Dipped to 15.3% (CBRE) • Just 49 Million sfAbsorbed 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 Source: BOMA International 2013 Global Tenant Survey
Global Space Preferences Some Co-workingSpace No Co-workingSpace China, India,Russia, Morocco France, Spain, Italy Workers ExecutivesManagers Executives Managers Employees Off-Site 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”
LeadershipThe 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, OhioCBRE BOMA: Better by Association