INDUSTRY NEWS

Flexible office space key for next generation

Generation Y – the internet-savvy follow-up to Generation X, is now beginning to dominate the workplace.

And Colliers International has analysed the effects Gen Y might have on office space.

Demand for London offices is currently growing faster than it has for many years – but investors, landlords and developers will need to pay attention to the needs of Gen Y to ensure the market keeps growing.

Colliers has identified a series of considerations for Gen Y.

Damian Harrington, a research director for Colliers International, explained: “This generation has grown up in a world surrounded by modern information technology and rapid technological change. They expect to have the flexibility to work remotely.”

Colliers advice includes ensuring buildings have environmental features and are energy efficient. Offices will need to be space-efficient too, and offer a more flexible workspace, with room for staff to work, meetings to take place and some socialising.

Demand for bespoke offices – for, say, data and IT companies – should also drive change in development, Colliers said.

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office space