Building Mixed Offices Still Lags

For the workplace, companies today require different needs. The question amongst the real estate sector is: Why aren’t any mixed office buildings being developed today? According to CBRE, people everywhere recognize that technology has changed the workplace forever. It certainly is true. Today’s companies are required to be “high tech.” From personal choice, wellness, mobility, collaboration, flexibility, shared space, and work-life integration, these are areas found to be highly valued within any industry. There is no equal development for this.

The recent article in Blueprint Magazine online presented by CBRE suggests that most commercial developments today are designed for only one of these scenarios which were mentioned. Imagine the value that could be with one “hybrid tower” developed. “We would not only reduce the developer’s or owner’s risk, but also create more dynamic environments by bringing diverse enterprises together,” CBRE stated. The firms also believes that a hybrid tower will not only reduce the developer’s or owner’s risk, but also create more dynamic environments by bringing diverse enterprises together.

For the center-core tower, the center core also impedes employees’ views of their colleagues—and increasing visibility is one of the easiest ways to foster the collaborative workplace culture that keeps a company competitive, according to CBRE. “Many creative firms also dislike the perception of anonymity in a “corporate” office tower.”

The Loft Office, popular with technology firms often cluster together. According to CBRE, this contributes to a sense of community, and larger firms appreciate the proximity to smaller firms which may function like R&D labs or possible targets for acquisition. Ideal tenants include smaller firms, start-ups and incubators. CBRE sees locating the loft office near the courtyard building not only creates a sense of community across companies, but also gives startups a place to expand when they outgrow the incubator.

The courtyard building types gravitate toward businesses that choose to express identity to their building. “Companies with less hierarchy between managers and employees. Companies that want visibility—both horizontally across the floor and vertically up or down to adjacent floors—to encourage collaboration and a shared connection to their mission.”

CBRE also took a look at the “hybrid tower” in their recent article, suggesting that combining three typologies (center-core, loft, and courtyard) on one site, would greatly differentiate a commercial development from its competitors. “In a volatile market, it would allow developers to appeal to a wider variety of firms, especially tenants with which they might not have much expertise. Most importantly, it would create the armature for a new creative campus, one that would support the enterprises of the future,” the firm stated.

Published by

Jennifer Lynn

Jennifer Lynn

Jennifer is a business journalist and has over 15+ years of professional experience working in technology, financial, hospitality, real estate, healthcare, manufacturing, not for profit and retail sectors. Specializations in the field of analytics, management consulting serving global clients from medium & large scale organizations. She is a proficient and passionate business executive; manager utilizing analytics data to drive smart business decisions. Technology, Finance, Investments, Retail, Management, Consulting, Strategy. Have published on Forbes.com, Investing.com, and many others. Currently the Commercial Real Estate Contributor for Retail Solutions Advisors.