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New report examines how technology, data and digital disruption is changing the workplace
CHICAGO, Oct. 19, 2016 – The workplace as we know it is in the midst of a major transformation that is reshaping the real estate industry according to a new report from JLL (NYSE: JLL). "Workspace, Reworked: Ride the Wave of Tech-Driven Change" explores the impact of technology, data and digital disruption on work spaces and real estate investment strategies. It uncovers some monumental shifts in how commercial real estate will be occupied, designed and purchased in the future. These include:
"The way and how we work is profoundly changing what companies need from their real estate," said John Forrest, Global & Americas CEO, JLL Corporate Solutions. "For the first time in history, technology and real estate are colliding and creating profound changes for real estate occupiers and investors."
The report focuses on the office sector over the next 15 years. It explores how occupiers, developers and investors should view their real estate differently and adapt in order to enhance investment returns and create work spaces that work in a rapidly changing, highly-connected world.
"Smart buildings will lead to smart workplaces and adaptive design strategies," said Forrest. "We will see the need for new types of space such as incubators, innovation and co-working labs, and the importance of connectivity will become a new utility like energy. Companies will focus on workplace as a service or an experience to enable productivity and attract and retain talent. The workplace will not be a traditional office environment as we know it in the next decade and the physical real estate will change to reflect this."
Additional key insights from the report include:
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About JLLJLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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