Corporate America adopting revolutionary technology

Companies throughout America are investing in leading-edge technology in order to boost worker productivity, according to a Workplace of the Future survey.

Key findings of the survey include ninety percent of companies plan to increase investment in technology; cloud computing is a strategy 46% of companies are currently employing; the majority of companies, 54%, are using social media networks to engage employees; and top knowledge recruitment factors include offering flexible workplace options (41%) and leading-edge technology (39%).

“Revolutionary emerging technologies are transforming corporate real estate and changing the game for corporate occupiers,” said Peter Miscovich, managing director, corporate solutions, Jones Lang LaSalle, Chicago. “Emerging technologies are enabling new levels of workplace optimization and utilization as well as boosting productivity to levels never seen before in global organizations, leading knowledge workers into new frontiers of high performance collaboration and innovation.”

The survey was administered to approximately 30 leading U.S. companies and design firms by Teknion, a Toronto-based office furniture designer and manufacturer, revealed that nearly 90% plan to increase their investment in productivity-enabling technologies such as voice-activation and sophisticated video conferencing by 2015. The survey also found that by 2015, the standard of square feet allocated per employee is expected to drop from 200 to estimates ranging from 50 to 100 square feet per person dependent upon the industry sector. Workplace utilization factors will increase to 85% versus the 35 to 50% levels of today.

To increase space utilization, companies are employing several strategies including:

More open, collaborative workspaces with less individual offices (77%).
Densification of individual workspaces within the corporate office (62%).
Reduce square footage footprint through disposition (54%).
More employees working remotely from home sites, satellite sites, or client sites (46%).
Mobile working programs that include desk-sharing and co-working spaces (31%). BD+C

In its 2021 Life Sciences Real Estate Outlook, JLL predicted that access to talent would be a primary concern for an industry sector that had been growing by leaps and bounds. A year later, talent still guides real estate decisions. But market conditions of a different sort were cooling the biotech field: namely, investors that have soured on startups which underperformed after going public. What this means for new construction and renovation going forward is unpredictable, as the drivers behind life sciences’ surge are still palpable.