The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
OfficeStaff WriterThu 30 Oct 14

JLL: Generational shift to drive future office requirements

TUD+ MEMBER CONTENT
w
SHARE
print
Print

What will the office of 2025 look like? Planning for the future is always challenging. To ensure that we make the right decisions to fulfil the future requirements of office workers, we need to better understand the demographic cohort who will make up the majority of the labour force in the next ten years.

Terms commonly identified with the Millennial Generation include ‘motivated’, ‘well-educated’ and ‘highly mobile’. Roughly speaking, millennials are the generation of people born after 1980 to around 2000. As they advance in their careers, the impact that this group has on society is increasingly becoming more significant.

Think, entrepreneurs like Mark Zuckerberg of social networking platform, Facebook; and Elizabeth Holmes, founder of health care and medical technology company, Theranos. Millennials have been behind some of the major, paradigm-shifting ideas and technological advances over the past decade.

By 2025, millennials are expected to make up 75 per cent of the total workforce globally (Deloitte Millennial Survey January 2014), by which time, the Baby Boomer generation will be well into their retirement.

Thanks to the internet and an accelerating rate of globalisation, millennials are developing in a highly connected and fast-paced environment.

The constant transfer of new information and communication is what this demographic group have become accustomed to. These technological changes will have major implications for the way we work and the property needs of major corporations.

Dealing with issues such as global recessions and financial crises, gender and economic inequality, terrorism, climate change, and a growing scarcity of natural resources, millennials have generally become more informed, more technologically-proficient, and more socially and environmentally conscious than previous generations.

This will instigate a major shift towards energy efficient construction and building operation.

As millennials progress and step into senior, decision-making positions within business, further technological innovations will emerge. Technology is a major enabler and disrupter for businesses. Will there still be a need for the traditional office or will alternative methods of working become more prevalent?Collaborative work will require face-to-face time in the future – information is sticky and a face-to-face medium is still required for information transfer. However, advancements in hologram technology may break down some of these barriers.

Commercial building owners and developers need to take into account the changing preferences of the millennial generation and the impact of technology when undertaking redevelopment projects to future-proof their assets, and in turn, their future income stream.

About the author
Jenny Dong is the Senior Research Analyst for

JLL in Australia, based in Sydney. Article first published

JLL Blog.

Feature image source

OfficeAustraliaConstructionArchitectureConstructionSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
Exclusive

Fortis Reveals Plans for Coveted Bowen Terrace Site

Taryn Paris
4 Min
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
Qld Budget 2025-26 Brisbane City
Exclusive

Billions Promised, Now Deliver: Industry’s Qld Budget Verdict

Vanessa Croll
6 Min
Medium Density housing in NSW
Exclusive

NSW Budget ‘Groundbreaking’ $1bn Guarantee to Unlock Housing

Leon Della Bosca
7 Min
View All >
Sydney developer Platino Properties is planning a near 350-unit seniors development on the Northern Beaches as it continues to expand its over 55’s portfolio. The concept application extends the Skyline Place seniors precinct and is for 1 and 3 Skyline Place, Frenchs Forest.
Retirement & Aged Care

Platino Plans Northern Beaches Seniors Expansion

Renee McKeown
Genesis Street Frontage 3D Concrete Printed Duplex with Nick Holden
Technology

Australia’s First 3D-Printed Duplex Halves Build Times

Leon Della Bosca
Charter Hall’s $925m Hyde Park skyscraper
Planning

Charter Hall $925m Sydney Skyscraper Wins City Backing

Vanessa Croll
The 55-storey hotel and apartment scheme in Hyde Park has won planning committee backing, now awaiting state sign-off...
LATEST
Sydney developer Platino Properties is planning a near 350-unit seniors development on the Northern Beaches as it continues to expand its over 55’s portfolio. The concept application extends the Skyline Place seniors precinct and is for 1 and 3 Skyline Place, Frenchs Forest.
Retirement & Aged Care

Platino Plans Northern Beaches Seniors Expansion

Renee McKeown
2 Min
Genesis Street Frontage 3D Concrete Printed Duplex with Nick Holden
Technology

Australia’s First 3D-Printed Duplex Halves Build Times

Leon Della Bosca
3 Min
Charter Hall’s $925m Hyde Park skyscraper
Planning

Charter Hall $925m Sydney Skyscraper Wins City Backing

Vanessa Croll
3 Min
Development

Rare Coastal Development Opportunity in Heart of Mooloolaba

Partner Content
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/generational-shift-to-drive-future-office-requirements