The commercial real estate (CRE) industry is ever-evolving with new technologies, regulations, and workplace issues all influencing change. Here is an overview of five CRE trends that we believe strongly impact the market. Smart lighting plays a vital role in each.
It’s that time of the year! It’s time for our annual prediction list of top commercial lighting trends for the coming year.
Those that made our top 5 list for 2018 have broad impact across the commercial lighting industry. Each highlights how technology-driven the industry has become and indicates the direction we see lighting systems take as part of the broader smart building and IoT world. It’s going to be an exciting year!
Here at OSRAM we are constantly reading industry research and articles about the changing workforce and its resulting impact on commercial office space. We want to share with you some of the pieces we found to be most interesting on this evolving workforce.
Today’s workforce is undergoing profound changes. Baby boomers are staying in the workforce longer and plan to retire later than any other previous generation. A 2015 Gallup poll reported that 37% of non-retired Americans said they don’t expect to stop working until after age 65.That is up considerably from the 14% who said this in 1995. Couple that with millennials who are accustomed to flexibility, openness, and instant connectivity that are taking over a lion’s share of jobs. By 2020 these digital native, hyper-connected millennials will make up 50% of the workforce and 75% by 2025, according to public policy research firm Brookings Institution.
A recent Deloitte study projects that sensor deployment in commercial real estate is likely to grow at a compound annual growth rate of 78.8 percent between 2015 and 2020 to nearly 1.3 billion. It is clear that smart building technology is evolving at lightning pace and delivering way more than just energy savings.