The future of commercial real estate is highly predictable …..

Midjourney / Antony Slumbers

Combine the need for:

Flexibility
Adaptability
Affordability
Sustainability
Health & Well Being
Productivity

With:

Pervasive connectivity
Exponential data growth
Advanced technologies
Generative (and non) AI

And you get:

Distributed working
More flexible, project-based, and collaborative work structures
Automated administration
Higher value human to human connections
Human + Machine workflows
Ecosystems over companies
Networks over defined spaces
Hyper productivity
Looser definitions of live/work/play

Leading to:

CBDs turning to CSDs (central social districts)
More mixed use development/neighbourhoods
Growth of great and/or liveable/walkable/affordable cities
Death of dull - cities, neighbourhoods, regions
Rise of suburban, near home, third party ‘places of work’
Preference for ‘latest/greatest’ buildings - flight to quality
As strong ‘flight to character’ - aesthetics matters
Focus on ‘catalysing human skills’
Human-centricity

Culminating in:

#SpaceAsAService as the defining characteristic of the modern ‘place of work’.

Not a niche within the real estate market, but THE market.

Form follows Function follows Technology.

Agree? Disagree? It’s complicated?

#GenerativeAIforRealEstatePeople