April 30th, 2018
Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!
How Humble Leadership Really Works
“Leaders often do not see the true value of their charges, especially “lower-level” workers. But when leaders are humble, show respect, and ask how they can serve employees as they improve the organization, the outcomes can be outstanding. And perhaps even more important than better company results, servant leaders get to act like better human beings.” www.hbr.org
For Warehouse Workers, Technology Starts to Look More Like Home
“At Flexport’s warehouse in Hong Kong, workers receive shipments of various shapes and sizes that need to be loaded onto a cargo jet with the weight and volume evenly distributed. Each box gets assigned an emoji based on what’s inside and where it’s going, then a planner decides which plane it should go on and where it should be placed. Handlers simply look for the emoji—printed on a label affixed to each box—and place them as instructed. You’re not reading a number, you’re looking for an emoji,” said Phoebe Rockwood, product manager at Flexport. “And they’re recognizable because they’re used all the time—these are symbols we’re all familiar with.” www.wsj.com
Loft Office: The Hidden Cost
“Our projections suggest that tenants of these loft office conversions can expect an increase in occupancy costs of anywhere from $2-$4/sf based solely on an increased tax pass through from the landlord. That is roughly a 10% percent increase and it is possible that loft office conversions located in up and coming areas (like those near the Beltline) will see multiple tax reassessments during the term of a tenant’s lease.” www.evolutioncre.com
Atlanta Office Is So Red-Hot, CRE ‘Is Pinching Itself To See If This Market Is Real’
Pleased to be quoted in the piece: ““Atlanta’s real estate industry is pinching itself to see if this market is real,” Cushman & Wakefield Executive Director Ken Ashley said in an email. “Velocity in Atlanta’s office market is at a torrid pace. There is robust demand for space by companies of all sizes and from a variety of industries. Expansions are as common as millennials noshing on avocado toast.” www.bisnow.com
Your success blesses others. I wish you a great a hugely impactful week!