ATLANTA—When it comes to Millennials, there's little argument that this demographics' impact on commercial real estate will be as huge—if not greater—than Baby Boomers. However, the impact won't be the same as their parents. For all the talk about dwellings, Millennials are making a unique mark on officing.

Recognizing that Millennials are now the largest demographic in the workforce and have distinct preferences about their work environments, companies are evaluating their approach to office real estate, Tere Blanca, CEO of Blanca Commercial Real Estate, tells GlobeSt.com. She sees companies adopting new design standards for their office spaces to attract and retain quality millennial talent by adopting the open, collaborative workspaces millennials prefer. As they do, she says, they are finding that all executives and employees—not only Millennials—quickly embrace and appreciate these new standards.

“Open floor plans, informal common spaces with couches and bean bag chairs where executives and staff can come together to collaborate with their colleagues, media walls for quick access to technology, and high-tech conference facilities are effective ways to drive positive engagement and communication,” Blanca says. “In addition, with Millennials valuing work-life balance and the ability to work from anywhere, some firms are even creating 'hot-desking' spaces where employees can use open, unassigned work areas for a few hours at a time rather than putting down roots in a specific workspace.”