January 29th, 2018
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!
GDP Grew 2.6% at Year End, Extending Strong Stretch (paywall)"Eight years into what has been an unexpectedly slow expansion, the U.S. economy appears to have picked up steam.
Business executives have reported solid quarterly earnings in recent weeks and pointed optimistically to investment and hiring plans for 2018, supported in part by federal tax cuts. Stock prices keep churning higher." www.wsj.com
Three CRE Jobs That Will Change With The Rise Of Predictive Analytics"After speaking with hundreds of commercial real estate professionals during the development of our real estate predictive analytics platform, we’ve realized that although everyone wants to capitalize on big data and predictive analytics, few people have a solid understanding of the impact emerging predictive analytics technologies could have on jobs.
There are three commercial real estate jobs I believe will be fundamentally disrupted by the power of predictive analytics and machine learning. After the widespread adoption of predictive analytics products in real estate, chances are good the roles of these professionals will look much different." www.forbes.comTax Incentive Puts More Robots on Factory Floors (paywall)"New tax rules are hastening automation and modernizing in U.S. factories by giving manufacturers an incentive to buy machinery and boost productivity in a tight labor market. For the next five years, the revised tax code allows companies to immediately deduct the entire cost of equipment purchases from their taxable income." www.wsj.com[tweet_box design="box_09" float="none"]For the next five years, the revised tax code allows companies to immediately deduct the entire cost of equipment purchases from their taxable income[/tweet_box]US Workers Increasingly Prioritize Flexible Working and Personal Development Over StatusA new survey from LinkedIn and Harris claims that the priorities of US workers are shifting in the new world of work. Where once they would have craved the status of a corner office, they now hanker for personal development, flexible working and autonomy and many see work largely as a means to pay bills. A growing number of professionals are also keen on developing side projects away from work that they believe are more closely aligned with their personality and interests, according o the study of 2,000 people." www.workplaceinsight.netAmazon's Checkout-Free Store Makes Shopping Feel Like Shoplifting"Just as striking as the shopping experience was the scene outside, where there’s evidence that the company famously seeking a second home city is still gobbling up its first. South of the store was territory the company has already colonized—gleaming office towers where 40,000 employees work, expensive apartments where many of them live, glassy domes filled with rare tropical plants. Across the street, four cranes sprouted from a hole in the ground that will eventually anchor another office tower." www.theatlantic.comYour success blesses others. I wish you a great a hugely impactful week!Ken