Forecasting Office Amenities of the Future

Contributors

Mark Fitzgerald
Senior Director, Research

John Kirk
Senior Director, Research

Will McIntosh
Global Head of Research

January 2018

For complex, business-related jobs (e.g., information technology workers), high performers are eight times as productive as average workers, according to a recent McKinsey study.1 As such, employers have taken aggressive steps to attract and retain talent in an increasingly competitive labor market. The quality of the work environment has become a vital recruiting tool, creating what amounts to an amenities arms race for office developers and owners. For instance, in years past, 2% to 4% of a building’s square footage was dedicated to amenities space, but this figure has doubled for recent developments. Standard amenities such as food, fitness, and conference rooms have been augmented with modern features, such as rooftop bars, amphitheaters, and even doggie day-care centers, geared toward the millennial generation’s proclivity for social and flexible workplaces—given that millennials will account for 75% of the workforce by 2025.

Forward-thinking real estate professionals can reasonably anticipate certain office amenities of the future by analyzing a combination of millennials’ preferences, innovative workplace design elements, and emerging market trends. In fact, we would argue that some of tomorrow’s office features will reflect the maturation of the millennial cohort (the oldest of whom will be 45 years old in 2025) while also pushing the boundaries of traditional office real estate.

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