Conversely, the biggest decreases were by buyers with first names popular among Gen-Xers, the silent generation and Greatest Generation — Gerald, Kristin, Stanley, Kurt and Jaime — which spiked in popularity as baby names at various times between 1916 and 1976.
Read on below for more real estate news. Especially interesting to see which states people are moving to these days (it’s not where you think!).
Law firms are reducing square footage by 27% on average.
29 million sq. ft. of law firm leases are set to expire between 2018 and 2022
More than 70% of these expirations will include space contraction.
Strategies being adopted or considered by law firms include:
Shift from two-sized offices (typically 15’ X 15’ for partners and 10’ X 15‘ for associates) to glass-fronted, one-sized offices with seniority recognized by location, not size.
Less emphasis on grand, ceremonial client spaces and more emphasis on functional meeting spaces (see above right).
Orienting the reception area around hospitality, with concierge services and hosted events.
Transitioning cafeteria space from a place to eat to a place to socialize, in a prominent area along a window line.
Creating smaller, on-demand meeting rooms with interactive technology scattered throughout the practice area.
Adopting a paperless file storage strategy.
Apple’s New “Pacific” Chair Reflects a Rethink of Work (Source: Fast CoDesign)
Apple became the first customer for the Pacific Chair (12,000 ordered)
For younger generations, work represents who they know and how they socialize, offices are starting to have a more residential vibe. (NOTE: to me, the Pacific chair looks like an office chair, no more, no less but who am I to argue with Jony Ive)
Offices are also being designed to reflect how millennials see themselves: Not as office drones, but creative types with side hustles and Instagram followers.
Companies want offices to look creative and make workers feel like they’re part of a creative organization.
#Influencers don’t clock in. They make #impact from a lounge chair, not the confines of a cubicle.
Read on below for more on the Paperless Office and why in today’s work environment, it is CRITICAL to become a “Lifelong Learner.”
2017 felt like a tough year. Although the stock market was booming, people were stressed. EVERYTHING was tinged by politics and nothing made much sense e.g. can anyone explain Bitcoin’s crazy pricing? Or the fact that the stock market rocketed 20% (maybe it’s the Russians?)
As we head into 2018, I anticipate another difficult year – although the burgeoning cannabis industry may provide a mellowing influence. I have no idea which way the stock market will go – it increasingly operates untethered from reality. I do expect politics to continue to be front and center, infiltrating every aspect of business (which is strange considering the administration ran on getting out of the way of business).
Here are 5 business trends I’m keeping an eye on this year.
1. Tech/Silicon Valley loses its allure, takes on the attributes of Wall Street
Technology which has been so remarkable and such a great equalizer is losing its cachet. Look for the industry to continue to be demonized much as Wall Street and hedge funders have been in the past.
Tech companies are seeing themselves blamed for everything from gentrification to income inequality to lack of diversity in hiring.
Facebook is facing congressional hearings for their role in running Russian-backed ads that may have impacted the outcome of the U.S. elections. They’re also in hot water for spreading fake news and most recently for using their algorithms to exclude older workers from seeing certain job postings.
Apple, while still doing well (trillion dollar company), feels like it’s on a downward spiral. Although I am not ready to move on, it doesn’t feel exceptional anymore and I wish there was an alternative for me because I don’t see Apple getting their mojo back anytime soon.
Tech IPO’s are no longer a sure thing. Most recent losers: Snap, Blue Apron.
Overall, watch for tech to be regulated both here and abroad.
But back to the Seaport District. I had not been aware of all the changes underway down there until this week when I went to check out the Sea of Light installation. These interactive orbs (ranging up to nine feet in height), “react” to sound and movement patterns.
The installation’s creators are Alexander Green and Symmetry Labs. The same people behind the very instagrammable installations at Burning Man, the Super Bowl and 29Rooms.
The display, comprising 150,000 LEDs, is the largest of its kind. Definitely worth a trip downtown.
Remember: the orbs are only operational after 5pm. It is up through March, 2018.
I’m curious to see how SHoP Architects will develop this area. How residential will it become vs. commercial? It’s still touristy but the quality of the restaurants, bars and retail has gone up. And with the iPic movie theater at Fulton Market, more locals are coming here as well.
The Seaport building (at Pier 17) will be home to restaurants by Jean Georges and the Momofuku Group.
ESPN has also just signed on and will be the biggest tenant with studios as well as offices.
Read on below for more on SHoP’s projects. Clearly one of the hot shops for young architects looking to work on signature projects for the most exciting companies in the world.