January 9th, 2017
Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four "corners:" corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!
100,000-square-foot startup hub 'TechRise' planned for Buckhead“We are seeing increasing demand for short-term leases among emerging growth companies, and specifically in the tech sector,” noted Ken Ashley, executive director at Cushman & Wakefield. “Those companies are changing so rapidly, it’s hard to see even six months into the future, much less five years.”
While there is demand for short-term office space created by co-working spaces and incubators, it is unlikely the real estate industry will adopt the model at scale. “It’s one shelf, but it’s not the whole store,” Ashley said. “It would be unlikely that you would see many landlords take entire buildings and commit them to short-term (leases).” www.bizjournals.com
[tweet_box design="box_09" float="none"]“We are seeing increasing demand for short-term leases among emerging growth companies, and specifically in the tech sector.”[/tweet_box]
Why Millennials Don't Like to Make Phone Calls"The biggest reason has to do with time. We might not like to admit this, but as we get older, we stop forming as many new brain cells. (The myth is that we lose a lot of brain cells each day.) Millennials think faster than anyone older than 34. Millennials process information faster than most of us. They don't have time for outdated technology.
In my informal survey, Millennials said they want to communicate faster and get better answers. To me, it's the difference between asking a question on Twitter or trying to find an expert on a topic. Maybe the quality of the answer is different, but you can post on Twitter in about five second. (Believe me, I've tested this.) When I asked a question about parking in Las Vegas recently, about three people answered within seconds." www.inc.com
[tweet_box design="box_09" float="none"]Millennials process information faster than most of us. They don't have time for outdated technology.[/tweet_box]
Stop Setting Goals You Don’t Actually Care About"At the start of 2016, I asked myself one question: “How can I make achieving my professional growth goals effortless?” I found the answer was elegantly simple — by focusing on alignment goals.
Many people fail on their professional development goals for the year because they take on a lot of goals — goals that they feel they “should” do but ultimately don’t energize them. For example, maybe they tell themselves that they need to read a pile of books in order to learn more, keep up with their colleagues, or just stay up-to-date with their industry. But if sitting down to read feels more like a chore, it’s unlikely they’ll make any progress — and they may feel badly for not achieving their goal when the year comes to a close. While the goal itself felt like it was something that fit the needs of their professional role, it didn’t match the individual’s preferences or ambitions." www.hbr.com
Tech That Will Change Your Life in 2017"Ok, teleportation is still a ways off. But we’re still in awe of what’s in store for the next 12 months. The list below has become an annual tradition, where we talk to industry insiders, track the trends and otherwise gaze into our crystal ball to identify the tech that’s going to make an impact in the near term—for better and worse." www.wsj.com
How To Earn Your Manager's Respect"A recent HBR study of nearly 20,000 employees around the world found that the most important thing that workers want from their managers is respect. “If you don’t feel respected, you won’t be engaged in your work,” says Linda Hill, professor at Harvard Business School and the coauthor of Being the Boss: The 3 Imperatives for Becoming a Great Leader. Respect from your boss has many layers, according to Michael Watkins, chairman of Genesis Advisers and a professor at IMD. It begins with being seen as “someone worth keeping and someone [your boss] wants to have as part of his team.” It progresses to being viewed as an employee deserving of “interesting and challenging assignments,” and finally as an employee that your manager, “wants to invest in and develop because he thinks you have a bright future.” Wanting respect is one thing; getting it is another. Here are some strategies." www.hbr.com
Meet The 28-Year-Old CEO Plowing Travel Guidebooks Into The FutureThree years after graduating from Western Kentucky University, Daniel Houghton, 28, took the helm of the now 44-year-old travel brand, Lonely Planet, in 2013. One of his first tasks? Laying off 75 people, one-fifth of the company’s employees, many of whom worked on Lonely Planet's free-spirited print guidebooks (though layoffs touched every team). Guidebook sales, industry-wide, had plummeted 40% from 2007 through 2012, so Houghton decided Lonely Planet had go digital to survive. One year after he took over, digital accounted for 30% of Lonely Planet’s revenue, and print sales also rebounded, up 27% since 2013. In his first month as CEO, Houghton circumnavigated the globe three times in two weeks, meeting Lonely Planet’s partners and staff in offices spanning five continents. www.forbes.com
Your success blesses others. I wish you a great a hugely impactful week!Ken