We are in a period of unrivalled technological change. Advances in technology are changing the way we work and live, and businesses are changing the way they operate. Established norms can no longer be taken for granted.
Throughout the centuries, office buildings have been central to the way businesses operate and are now among the most valuable buildings in the country. In the context of wider technological changes, could office buildings be exposed to disruption?
Dexus Research has been investigating answers to this question as part of its ‘Customer of the Future’ series.
Office buildings will be exposed to change as the office worker becomes more mobile. Technologies such as notebooks, smartphones and the cloud enable employees to be more mobile. Employees can work from a wider range of locations, whether it be at the office, in transit, in a café or at home. Video-conferencing will become more efficient, allowing people to communicate effectively over long distances.
The effect of these technologies will reduce an employee’s physical ties to particular places like office buildings. Workers will be able to work from a wider range of locations, whether it be at the office, in transit, in a café or at home.
Given these changes, will we end up with cities full of empty office towers while everyone works from home?