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Core Can Become White Elephants

The digital revolution will make some core buildings into old white elephants in 10 years.

By Joel Ross | Updated on May 21, 2011

The digital revolution will have more impact on real estate that almost anyone realizes. The change in the way the new generation of workers-under 30- functions and looks at work and where they work is entirely different than any generation preceding it. They live mobile on their smart phones. They are not committed to any employer and they demand sustainable buildings and other similar things. They function in ways that are completely different than the rest of us who are over 30. In addition, large corporations are beginning to react to these trends and are reducing space requirements, demanding sustainable buildings and buildings which can easily accommodate the digital and power demands of the coming era.

What are the implications and when? This revolution is here now and moving at a speed unlike anything we have ever seen in history. Ramp up time for social networks, smart phone usage, apps and other related things happens in months not years, and by tens of millions. These kids are simply refusing to work the way we did and are quickly forcing corporations and law firms and others to adapt. The kids are able to readapt to new trends at light speed because they know all about it in a click as opposed to have to wait for the memo from on high. Change is the standard by which they live.

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