You’ve got grand visions for what you want your new building to look like. But you’ll need help when it comes time to make them a reality. Read on for our best advice on the who and how of choosing your commercial real estate development team.
Choosing a new workplace is an important decision and one that will greatly affect your current and future employees. After all, the average American is estimated to spend 90,000 hours at work over the course of their life and more than 100 hours yearly commuting there. Because of this, employers must make sure the design, location and amenities of a new office align well with the company brand and strategic future vision.
Today’s workplace is changing to meet the needs of today’s workforce. No longer is there a one-size-fits-all mentality to the workplace. The traditional nine-to-five, cubicles-under-fluorescent-lights culture has become a thing of the past. Employees are seeking out a personal work experience that meets their individual needs in terms of health, wellness and productivity. A 2017 study by Sodexo found that 67% of knowledge workers left their previous workplace because it was not optimized for them.
A tenant’s search for the ideal space can be vastly overwhelming. Never mind the fact that there are countless buildings to choose from and what feels like an infinite number of terms for each potential lease, add to that the necessity of evaluating the company’s needs - both current and future - in order to determine the ideal space and one can imagine the stress one might experience throughout this daunting journey.
What is Excellence?
Wikipedia defines excellence as “a talent or quality which is unusually good and so surpasses ordinary standards.” When individuals or businesses operate from a place of excellence, you can’t help but notice them because they stand head and shoulders above the crowd. While people possess many inherent qualities, excellence is something deliberately cultivated one day at a time through hard, wise, smart work. It is a journey as opposed to a destination and requires both an attitude of humility and a mentality of growth.
A company’s core values define who they are; express the foundation of its essence. KimbleCo is implementing the Entrepreneurial Operating System, (“EOS”). EOS says, “core values define your culture and who you truly are as people.” As a full service commercial real estate firm KimbleCo facilitates every interaction and transaction from a place that aligns with each one of our core values: Integrity, Excellence, Transparency & Communication and Giving Back. Today we are focusing on Giving Back and why it is important to us. An interesting quote to consider from our industry...
“Essentially being for-profit creates opportunity for doing greater good. And financial success as a for-profit with a social conscious carries greater credibility with your peers, potentially influencing actions of other businesses.” Brian Walker, Herman Miller
If there is one word for the current state of commercial real estate in Minnesota it’s hot. According to a recent outlook survey by the Urban Land Institute and the PricewaterhouseCoopers accounting firms as published in the annual Emerging Trends in Real Estate report, the Twin Cities metro area currently ranks No. 1 in the Midwest commercial real estate market with the best outlook heading in to 2018. This survey takes into consideration multi-family housing, office, industrial and retail buildings.