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At a time when commercial occupancy rates across the country remain stubbornly low, the report delves into how Australian office worker expectations are changing in a digital-first, hybrid work environment and how this impacts their office attendance.
Next Flex | Technology for the next generation Australian office, which surveyed 1,000 office workers across the country, was launched by essensys, a leading global provider of software and technology for the commercial real estate industry, in partnership with Flexible Workspace Australia.
The report’s critical findings highlight a lack of adequate tech is a key factor in people deciding to work from home or an alternative third space, with more than four in five respondents (86%) reporting a disparity between the existing technology in their office and what they need to enable them to do their jobs efficiently.
Download the Report Read MoreThe unprecedented crisis created by the COVID-19 outbreak has propelled the data center business providing an unexpected tailwind. Technology adoption and digitization across the sectors were fast-tracked globally and India also leap-frogged at least a decade in the past couple of years.
The lockdown and subsequent restrictions threw life and business out of gear. However, this very black swan event became a massive catalyst for digital adoption across the country.
The government’s initiative and drive towards a digital economy was accelerated further as all aspects of daily life from banking, education, and shopping were forced to switch and adapt to the digital ecosystem. This had led to increased use of data consumption and internet bandwidth across the country, driven by the ever-expanding reach of social media, increased use of smart devices, data localization, increased adoption of cloud services, and digital transformation journeys of several Indian companies.
India accounts for 14% of the world’s mobile subscriptions and 15% of the total mobile data traffic. This is likely to increase to 17% by 2027 as our economy is poised to grow despite a global slowdown and other economic headwinds. Hence, it is evident that a substantial volume of data will be generated that will require enhanced storage capacity.
While the presence of data centers is primarily in the major metropolitan locations as of now, soon tier II & III cities will emerge and offer quality supply for this new-age asset class. As manufacturing and warehousing spread out across the country to deliver and service demand from the non-metro market, data centers in the future are more likely to make their way to such locations.
Our survey of IT-ITeS professionals across the country reveals that improvement in operational efficiency is the topmost priority. The specialized operators in this domain are likely to rule the market as most companies are comfortable paying a premium for the efficiency in services and eased operations.
Our latest publication on the preparedness for the future of data centers reveals many more interesting and lesser-known details on this sunshine sector.
This report was originally published in https://www.anarock.com/research-insights
Download the Report Read MoreWith a significant growth forecast for the global tech sector in the next 10 years, the evolution of tech cities around the world as hubs of tech talent and suitable commercial real estate will continue. In this report we assess how tech cities are competing for business across key talent, real estate, and business environment metrics.
Key Takeaways
This report was originally published in https://www.cushmanwakefield.com/en/insights/tech-cities-the-global-intersection-of-talent-and-real-estate
Download the Report Read MoreThe commercial real estate industry is navigating changing dynamics with the rise of flexible office spaces and hybrid working environments. Landlords and operators looking to capitalise on these changes, must invest in technology that enables them to optimise the user experience and reduce time to value.
The eBook will cover the decision flow of commercial landlords and multi-site flexible office providers when investing in a new technology solution for their business portfolio with common use cases:
Bernie Devine, Senior Regional Director, Yardi
“If I can track my pizza on my phone, why can’t I expect a fast and frictionless rental experience?”
This question – or various iterations of it –is being asked by an entirely new generation of renters who have very different expectations of customer service than their parents once did.
In an era of instant information, where ecommerce allows us to shop from anywhere and anytime, renters no longer want to spend their Saturdays pounding the pavement or filling in dozens of rental application forms. They don’t expect to deal with real estate agents and property managers that operate in an analog world. And they don’t understand why paying their biggest monthly expense – their rent – is not a positive and personalised interaction.
Whether virtual tours or AI-enabled customer service bots, technology can make the process of renting better. Despite rapid advances in real estate technology, many property companies operate in an analog world; and that means from the start the discovery process to the day they move out, the renter is beset by pain points.
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