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Orion GrowthModels & The Future of Construction
Construction and technology aren’t aligned. Technology is undergoing digital innovation while construction is facing supply chain issues and a labor shortage. Tech is automating while construction is scurrying. So how do they converge? Models.Construction TrendsConstruction market insights continue to follow the basic theme of uncertainty. The industry continues to face cost escalations, material lead time uncertainty, and most importantly, labor shortages which are leading to unprecedented b...
Orion GrowthSingle-Point of Failure
Failure is inevitable. Failure is a requirement for learning. Embrace failure, because it’s going to happen. In fact, the failure is often systemic and is generally caused by or impacted by a much larger subset of consequences. Most institutions have fostered a culture that sees failure as inherently bad. However, they are essential to growth, and recognizing their value can be key to future success. We learn from the valley, not the peak. Anatomy of a failure: It’s safe to say that all failu...
Orion GrowthIT's complicated
Those who choose to practice technology and innovation see it. Advancements in chipsets and compute power will jettison us to next-level processing. The shift from central, to graphical has moved to neural. It feels fast because it is fast. We’ve never had more ability to ‘do’ than now. This is when we, as humans, give that speed the direction it needs. This is where speed turns into velocity - and we influence the intended outcome. This is a phase change. With most innovation, our new abilit...
<100 subscribers
Orion GrowthModels & The Future of Construction
Construction and technology aren’t aligned. Technology is undergoing digital innovation while construction is facing supply chain issues and a labor shortage. Tech is automating while construction is scurrying. So how do they converge? Models.Construction TrendsConstruction market insights continue to follow the basic theme of uncertainty. The industry continues to face cost escalations, material lead time uncertainty, and most importantly, labor shortages which are leading to unprecedented b...
Orion GrowthSingle-Point of Failure
Failure is inevitable. Failure is a requirement for learning. Embrace failure, because it’s going to happen. In fact, the failure is often systemic and is generally caused by or impacted by a much larger subset of consequences. Most institutions have fostered a culture that sees failure as inherently bad. However, they are essential to growth, and recognizing their value can be key to future success. We learn from the valley, not the peak. Anatomy of a failure: It’s safe to say that all failu...
Orion GrowthIT's complicated
Those who choose to practice technology and innovation see it. Advancements in chipsets and compute power will jettison us to next-level processing. The shift from central, to graphical has moved to neural. It feels fast because it is fast. We’ve never had more ability to ‘do’ than now. This is when we, as humans, give that speed the direction it needs. This is where speed turns into velocity - and we influence the intended outcome. This is a phase change. With most innovation, our new abilit...
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<100 subscribers
Share Dialog
Share Dialog
Things are heating up in the return to office world this week. Apple employees have expressed their current and future concerns about the tech giant’s approach. Here’s a link to a LI post if you missed it.
Meanwhile, in Washington DC, Amazon’s Labor Union president, Chris Smalls, squared off with Senator Lindsay Graham at the opening of a Senate Banking Committee hearing. In stark contrast, Smalls came in fresh, sporting a flat-brim NY cap and an outfit that sent a very special message to the Chamber of Commerce….and the world.
More local to us, another client pushed back their RTO announcement for the third time. Their 2-floor, midtown office in NYC was completed in February. They’ve tried everything ‘soft’ to lure their folks back in. This is a flight-to-quality move that rivals nearly every project we’ve done in terms of finishes, amenities, & location. Their suite is empty, the building is empty, and even the flight up to NYC was empty.
Silo: /noun/ a trench, pit, or especially a tall cylinder (as of wood or concrete) usually sealed to exclude air and used for making and storing silage.
Silo: /verb/ an isolated grouping, department, etc., that functions apart from others, especially in a way seen as hindering communication and cooperation.
Sealed, excluding air, functioning apart, seen as hindering…..this sounds like people problems and psychology, not locations problems and workspace. Are the pros trying to solve people problems with place solutions?
From our observation, the real estate industry as a whole is trying to tackle four problems, simultaneously:
The future of workspace
The future of construction
The future of the environment
The future of digital work
To complicate matters more, CRE comes at this from three unique perspectives:
Landlords/Developers
Capital Markets/Investors
Property Management / Occupiers
Currently, what’s good for the occupiers isn’t good for the landlords, investors, or capital markets. What’s good for the landlords isn’t good for their tenants. What’s good for capital markets depends upon the relationship between all three. Oh, let’s not forget that current triage tactics aren’t sustainable, nor are they relevant to long-term occupancy goals.
So what does this mean?
What it really means is that the industry needs a BFHAG, a true north…..some purpose.
Purpose means breaking down some silos and understanding perspectives that were traditionally misunderstood. Purpose means admitting there are no experts in the collective, only contributors. Purpose means committing to learning, preparing and asking hard questions. Purpose means self-reflection with the hopes of achieving more meaningful and consultative relationships. Purpose means doing the right thing, and understanding the collective process and your particular impact on the success or failure of that process.
Here are some tough truths that will prove to be thematic:
It’s an employee’s market.
It’s a tenant’s market.
There is a massive bubble.
There is concern for capital markets.
Occupiers understand their value and they’re starting to understand how their tenancy fits into building performance.
Landlords have found themselves removed from understanding their tenants.
Brokers are trying to make a living.
Leases are shrinking.
Consolidation is real.
People want flexibility.
Vendors are necessary.
Consultants without products are partners.
Data is not data is not data.
Think before you click.
Software is eating the world.
Remote-first requires digital-first which requires intentionality.
Less is more.
Build it don’t buy it (in IT).
Buy it and fix it (in CRE).
Systems over symptoms.
Automate the monotonous tasks.
Horizontal Organizational Structures.
WAGMI
Meanwhile, the people of the world are trying to continue doing their job. For some, that means physically packing and distributing trucks (Chris Smalls @ Amazon) while those at Apple are logging into the tools that allow for their success. Their spaces are different, their tools are different, and they impact the environment differently - yet they’re completely connected. Let’s work hard to find those connections - the common bonds - so we can ask ourselves how our silos are connected.
Photo cred/inspiration: @DavidIreland on Unsplash
#TotalTenancy™ / #OrionGrowth
Things are heating up in the return to office world this week. Apple employees have expressed their current and future concerns about the tech giant’s approach. Here’s a link to a LI post if you missed it.
Meanwhile, in Washington DC, Amazon’s Labor Union president, Chris Smalls, squared off with Senator Lindsay Graham at the opening of a Senate Banking Committee hearing. In stark contrast, Smalls came in fresh, sporting a flat-brim NY cap and an outfit that sent a very special message to the Chamber of Commerce….and the world.
More local to us, another client pushed back their RTO announcement for the third time. Their 2-floor, midtown office in NYC was completed in February. They’ve tried everything ‘soft’ to lure their folks back in. This is a flight-to-quality move that rivals nearly every project we’ve done in terms of finishes, amenities, & location. Their suite is empty, the building is empty, and even the flight up to NYC was empty.
Silo: /noun/ a trench, pit, or especially a tall cylinder (as of wood or concrete) usually sealed to exclude air and used for making and storing silage.
Silo: /verb/ an isolated grouping, department, etc., that functions apart from others, especially in a way seen as hindering communication and cooperation.
Sealed, excluding air, functioning apart, seen as hindering…..this sounds like people problems and psychology, not locations problems and workspace. Are the pros trying to solve people problems with place solutions?
From our observation, the real estate industry as a whole is trying to tackle four problems, simultaneously:
The future of workspace
The future of construction
The future of the environment
The future of digital work
To complicate matters more, CRE comes at this from three unique perspectives:
Landlords/Developers
Capital Markets/Investors
Property Management / Occupiers
Currently, what’s good for the occupiers isn’t good for the landlords, investors, or capital markets. What’s good for the landlords isn’t good for their tenants. What’s good for capital markets depends upon the relationship between all three. Oh, let’s not forget that current triage tactics aren’t sustainable, nor are they relevant to long-term occupancy goals.
So what does this mean?
What it really means is that the industry needs a BFHAG, a true north…..some purpose.
Purpose means breaking down some silos and understanding perspectives that were traditionally misunderstood. Purpose means admitting there are no experts in the collective, only contributors. Purpose means committing to learning, preparing and asking hard questions. Purpose means self-reflection with the hopes of achieving more meaningful and consultative relationships. Purpose means doing the right thing, and understanding the collective process and your particular impact on the success or failure of that process.
Here are some tough truths that will prove to be thematic:
It’s an employee’s market.
It’s a tenant’s market.
There is a massive bubble.
There is concern for capital markets.
Occupiers understand their value and they’re starting to understand how their tenancy fits into building performance.
Landlords have found themselves removed from understanding their tenants.
Brokers are trying to make a living.
Leases are shrinking.
Consolidation is real.
People want flexibility.
Vendors are necessary.
Consultants without products are partners.
Data is not data is not data.
Think before you click.
Software is eating the world.
Remote-first requires digital-first which requires intentionality.
Less is more.
Build it don’t buy it (in IT).
Buy it and fix it (in CRE).
Systems over symptoms.
Automate the monotonous tasks.
Horizontal Organizational Structures.
WAGMI
Meanwhile, the people of the world are trying to continue doing their job. For some, that means physically packing and distributing trucks (Chris Smalls @ Amazon) while those at Apple are logging into the tools that allow for their success. Their spaces are different, their tools are different, and they impact the environment differently - yet they’re completely connected. Let’s work hard to find those connections - the common bonds - so we can ask ourselves how our silos are connected.
Photo cred/inspiration: @DavidIreland on Unsplash
#TotalTenancy™ / #OrionGrowth
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