How Millennials Influence Office and Multifamily Design Trends
By
Brad Capas, President of CapasGroup Realty Advisors
Millennials are, officially, the largest living generation, according to the U.S. Census Bureau. Naturally, this fact influences all sides of the real estate market, particularly design. From office buildings to shops, everything is created to cater to the millennial, who puts comfort and time-efficiency above everything else.
The first changes in design appeared in the office space sector. Generation Y members want more than just an open floor plan and large windows. Employers are interested in attracting young talent, so they adapt to market trends and raise the bet by adding original amenities. It all started as a cost-effective strategy. “When the economy started to turn down and employers wanted to move into new office spaces, they were looking at the expense of building out the interior of these offices. With all of these walls and they were really trying to pack more employees into smaller spaces. What that naturally led to was fewer enclosed offices and more open workspaces,” Brad Capas, president of CapasGroup Realty Advisors, told Commercial Property Executive….
How Millennials Influence Office and Multifamily Design Trends
