office of the future speaker slide compilation
TRANSCRIPT
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9:00 AM Top Floor: Forward
Thinking Landlords Talk with Large and Fast
Growing Tenants
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VORNADO RECENT OFFICE DEVELOPMENTS
280 PARK AVENUE – 20151,243,000 SF
• PJT Partners• Franklin Templeton Investments• Cohen Steers• Trian Fund Management• Viking Global Investors LP• Blue Mountain Capital
90 PARK AVENUE – 2016956,000 SF
• PricewaterhouseCoopers LLP• Foley & Lardner LLP• FactSet• Alston & Bird
330 WEST 34TH STREET – 2015717,000 SF
• Footlocker• Yodle• Deutsch• Structure Tone
7 WEST 34TH STREET – 2014477,000 SF
• Amazon
640 FIFTH AVENUE – 2005315,000 SF
• Victoria’s Secret• Fidelity Investments• Dune Capital• Owl Creek Asset Management• Hitchwood Capital Management
770 BROADWAY – 19991,158,000 SF
• Facebook• AOL• J.Crew
330 MADISON AVENUE – 2012842,000 SF
• Guggenheim Partners • JLL• Point72 Asset Management• HSBC Bank• American Century Investments
1290 AVE OF THE AMERICAS – 20142,107,000 SF
• Neuberger Berman• AXA Equitable• Cushman & Wakefield• Hachette Book Group• State Street Bank• Columbia University• Fitzpatrick, Cella, Harper & Scinto
888 SEVENTH AVENUE – 2008885,000 SF
• Texas Pacific Group• Pershing Square Capital
Management• United Talent Agency• Visium Asset Management
350 PARK AVENUE – 2008571,000 SF
• M&T Trust• Citco• Marshall Wace North America,
L.P.
731 LEXINGTON AVENUE – 20041,063,000 SF
• Bloomberg LP
Author: Glen Weiss
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Office Urbanism™Office Urbanism is a trademark of Skidmore, Owings and Merrill LLP
Author: Stephen Apking, FAIA
The workplace has transformed from a finite and static embodiment of organizational structure to an elastic network of spaces and resources. It has become an ecosystem that promotes interaction and the exchange of ideas between individuals – an open and dynamic nexus that draws from internal resources and the community at large and defines a broad ecosystem that migrates from workplace to building to neighborhood to city to create a space where innovation can thrive.
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11:10 AM – Session AAmenities: Building-
level, Tenant-level, and External to the Building
THIS SPACE RESERVED / DO NOT COVER Author: Ellen Albert
OUR STRATEGY: REALIGNThe proposed increase of Viacom’s community and support space would greatly improve our spaces but still results in significantly less community and support space than industry benchmarks
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IT’S ABOUT THE BOTTOM LINE• Moving from Wellness to Well-being1
• There’s a major shift underway in the workplace
• The main objectives of 6,500 organizations surveyed are:
• Increasing workplace productivity
• Supporting cultural change
• Attracting and retaining talent
• Improving employee health (healthcare costs)
• Experience of the workplace and workplace change
• Not just “where” work happens, rather “how” work happens
• Companies with the most engaged employees show3
• 89 percent higher customer satisfaction
• 54 percent higher retention
• Four times the revenue growth.
• Workplaces are getting younger and emphasizing openness2.
• 1/3 of American workers are under 35 and they most value collaboration with colleagues and good places to connect
1Boucher, B. “How to create a workplace that’s fit for the future”. JLL. 2015.2Knutson, P.JLL. 2015.3”Lighting the Path to Success.” Hay Group and FORTUNE’s World’s Most Admired Companies survey report, 2012.
Author: Thomas Durels, Empire State Realty Trust
Improvements within the office space Productivity Gains
• Improved Acoustics +66% memory and 6% productivity savings+67% accuracy +48% ability to focus on tasks
• Daylighting and views - 6.5% sick leave
• Improved indoor air quality (IAQ) -35% short-term sick leave
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Place Making
Author: Kevin Danehy, Brookfield
Brookfield Place New York
• Destination retail, dining, & amenities
• Hudson River waterfront
• Abundant public transportation access
Principal Place, London
• Mixed-use development
• Amazon - Anchor tenant
• Targeting BREEAM® Excellent rating
Manhattan West
• 7 million sf
• Mixed-use development
• 2 acres of green & event space
THIS SPACE RESERVED / DO NOT COVER Author: John Arenas
• Deliver Experiences not Space
• Activate Based on Brand Promises
• More Permeability = More Value
• Exercise your Talents and let Others
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11:10 AM – Session BTechnology: Smart Buildings, Smart
Spaces, Smart Cities
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Smart = Interconnected• Mobile Workforce, Digital Economy, Cloud Migration
• Consistent User Experience
• Integrated Communications
DeskMobile Huddle Conference
Author: Mark Peterson
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DIRTT: Construction For The 21st Century
Author: Laura Jamer
Rapid | Clean | Cost Effective | Sustainable
Video Game Technology + Virtual Reality + Manufacturing = A Better Way To Build
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12:00 PM – Session AWorkplace Design as
Business Strategy: The Pendulum Swings Back
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Smart Working @ Credit Suisse
• Program launched in 2011 with 3 pilot locations & 650 people
• Today: 7 Countries, 9 Cities, 16 Locations & >14,000 People
• Ratio of ~0.8 Desks/Person or 25% Oversubscription Rate
Author: Credit Suisse
• 27% increase in capacity• 21% reduction in SF per Person
• 400% increase in conference rooms• Addition of hub seating, lounge areas, alcove sofas, and more!
One Madison Avenue-Shared Services
# Desks# Offices
(Enclosed) Total Seats Capacity USF/Seat USF/Person# Conference
Rooms# Confidential
Settings (Enclosed)3
Traditional Office(Offices/Cubes/Bench) 571 52 6231 579 110 118 3 N/A
Smart Working (Activity Based) 588 N/A 5882 735 117 93 14 53
Cost Efficiency
Employee Choice
Smart Working vs. Traditional Office Environment
1 Seats include offices, cubicles, bench seating and lab seating2 Seats include bench and 120˚’s from a selection of Home Zones, Business Gardens, Quiet Zones & Project Zones3 Confidential Settings are not included in our seat count and are not used to calculate our Capacity
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Changing Workplace Metrics
• Trends realized
• Unprecedented application of open plan
• Alternative spaces
• Support Spaces
• Mobility
• Technology
Author: Jacqueline Barr
THIS SPACE RESERVED / DO NOT COVER Author: Nina Charnotskaia, CBRE
COMMUNITY
PRIDEEXPERIENCE
Make it easy for me to focus on what you hired me to do.
Help me develop relationships and grow capabilities.
intuitive design
ease of use hospitality
brand
What makes for a great workplace?
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Formula for Change – Verizon Global Real Estate
Confidential and proprietary materials for authorized Verizon personnel and outside agencies only. Use, disclosure or
distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement.
112M SF
105M SF
93M SF
87M SF
85M SF
Changing our Approach to the Workplace – John Vazquez, SVP Verizon
Real Estate Actions
GWC Consolidation
Small Location Exits
Increasing Degree of Difficulty
Fundamental Change
Market Strategy
Campus Strategy/Jt Venture/Coworking/Flexible Office Solutions
New Workplace- No Wall
Regional Wireline Sale
- SF numbers exclude “VZW Retail” and “VZW Network”, and “Other”
2016 Exits
Cultural Shift- Low WallStatus Quo- High Wall
Author: John Vazquez, Verizon
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12:00 PM – Session BBuilding Upgrades: Making the Most of Older Building
Stock
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Evolving Demands in Real Estate
Author:
Corporate Culture is Shifting• Efficiency & Sustainability
• Health and Wellness
• Designing for people
• Technology
• Flexibility
• Amenities
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New Amenities from the Landlord• Our own lobby and marquee with signage
• New destination dispatch elevators
• Our own elevator bank (6 elevators)
• An entire roof deck
• Glass staircase connector attaching the 225 & 233 Park buildings
• Glass wall pavilion on roof deck
• Terrace overlooking roof deck
• Author: Gabrielle Rubin Deveaux, BuzzFeed
Author: Gabrielle Rubin Deveaux, BuzzFeed
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1:55 PM Real Estate as a
Service: Coworking, Variable Cost Space &
Creative Landlords
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21st Century Workplace Services
Author: Elliot Felix
Events and MeetingsAirbnb
Technology and Support
Microsoft
Food ServicesGoogle
Business Services WeWork
Reception / ConciergeGeneral Assembly
Space Management / Booking
Breather
Lifestyle ServicesAmazon Purdue
Health and WellnessCapital One Financial
Also, Transportation, Referral Platform, and Facilitation/Training
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The Workplace of the Future
• What talent wants, is what tenants need, is what landlords must build.
• Landlords will become brands, tenants will become members, workplace will become a service, and real estate will become de-commoditized
Author: Chris Kelly, Convene