September 26th, 2016
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!
Why the Paperless Office Is Finally on Its Way
“To say we haven’t gotten the paperless office so far isn’t to say we won’t. It is always dangerous to say “this time it’s different,” but this time it just might be. For the first time in history, there is a steady decline of about 1% to 2% a year in office use of paper. Add in the dip in use during the most recent recession, and as of 2016, we are already 10% below the peak of the number of pages produced by office printing and copying in 2007.” www.hbr.com
How WD-40 Created a Learning-Obsessed Company Culture
“WD-40 is an unlikely setting for such a learning-obsessed culture. It is hardly a glamorous brand, but it is iconic in its own way. Almost anybody who works on cars, or does home repairs, or just wants to get rid of a squeak or some rust, has one of those bright blue-and-yellow cans in their garage or under their sink. In fact, when Garry Ridge took over, WD-40’s flagship offering was used in four of five American households and in virtually every mine, factory, and construction site in the country.” www.hbr.com
How Tech Companies Disrupted Silicon Valley’s Restaurant Scene
“All told, more than 70,000 square feet of Palo Alto retail and restaurant space were lost to office space from 2008 to 2015, as the tech bubble drove demand for commercial space downtown.
It is a story playing out across Silicon Valley, where restaurateurs say that staying afloat is a daily battle with rising rents, high local fees and acute labor shortages. And tech behemoths like Apple, Facebook and Google are hiring away their best line cooks, dishwashers and servers with wages, benefits and perks that restaurant owners simply cannot match.” www.nytimes.com
Big-Box Warehouse Sector Breaks Records in Demand, New Construction
“This is happening because of the incredibly fast shift in demand for e-commerce; this has never happened before in the supply chain,” he says. “Absorption continues to outpace new construction, and while some retailers are starting to be able to compete with Amazon, there are others that are just getting started on their e-commerce strategies. Companies are becoming more adept, and investment is shifting away from stores to the distribution centers.” www.nrei.com
Industrial absorption continues to outpace new construction, and while some..are starting to be able to compete with AMZN, there are others that are just getting started on their e-commerce strategies #creClick to tweet
Fully Autonomous Robots: The Warehouse Workers of the Near Future
“When Target Corp. decided to revamp one of its biggest California distribution centers, it had a choice. It could build a new warehouse, it could install established technologies for picking products off shelves or it could take a risk on a new breed of robots from a reclusive billionaire.
Target went with the billionaire’s bots.” www.wsj.com
Your success blesses others. I wish you a great a hugely impactful week!