The arrival of “Cloud Computing” has enabled companies to now store their information in data centers outside of the actual offices, and the ability to access that data remotely, outside the offices as well. Also more and more wireless technology is being introduced to a new generation of workers that seem right at home with it.
Entering the workforce; Generation Y also known as the Millennial Generation The Millennials, a generation consisting of individuals born between 1977 and 2000.
Millennials have a in-depth knowledge of social, local, and mobile technologies, they only know about phones being plugged into a wall from watching old TV shows or movies, the whole idea just seems so last century to them. They are considered to be experts in social media and new technology despite a lack of “formal training”.
A closer look at the share of wireless and fixed-wired devices shows that not only Generation Y and Generation X, but even roughly half of the Baby Boomers now see a benefit in this convenient way to surf the web. Generation Y owns more laptops than desktop PCs and the majority of them carry smart phones.
As technology advances we are likely to see more and more use of tablets and smaller hand held devices for working or laptops, increasing the possibility of working remotely.
The growing trend toward remote working will erode the demand for desk-space within the traditional office building environment.
As the ways in which we work is changing, so does office building design and space planning. The key to a company’s future success as well as for developers and landlords is having the right type of space which can accommodate changing layouts and needs and provide the supportable office building solutions that owner or tenant occupiers and investors are now demanding, will be more important to the success of an office building portfolio.
With the current trend of more densely populated office space layouts, whether buying an office building for your own business use or buying an office building for investment, available parking space will have a growing impact to the value of the property, Especially in the Phoenix East Valley area where public transportation is not heavily used. Employees need a place to park their cars, which is another thing you should keep in mind during your property search.
This information is for informational purpose and not intended to be investment advise, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared