By Amy Edelen for Cronkite News
Experts estimate that in five years, millennials will make up more than half of the workforce. And that shift will influence how companies build office space, industry insiders said.
“This demographic is changing how these companies make real-estate decisions and then how they actually occupy and build out their space,” said Ryan Bartos, managing director of Savills Studley, a national commercial real-estate firm with an office based in Phoenix.
Bartos spoke at a panel discussion on Feb. 25 as part of Phoenix Startup Week. He said companies are placing more importance on satisfying employee needs.
He said millennials typically look for collaborative workspaces close to public transportation and freeway access.
Companies can accommodate by building wide-open workspaces as opposed to cubicles to promote social interaction. They also can incorporate modern construction with exposed ductwork, large glass windows to increase natural lighting and concrete floors, he said.
Bartos said Phoenix still has a long way to go before it can become a talent-rich technology hub, such as San Francisco. But he said he’s seen progress with companies attempting to create office space that is inviting to millennials by offering more amenities.
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