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Learning From Retail: Consumer-Driven Future of Office Space With Joe Brady
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On today's episode of The Real Finds Podcast, host Gordon Lamphere sits down with Joe Brady, former head of real estate for Walgreens and CEO of Americas at The Instant Group, to explore the future of commercial real estate and the lessons office spaces can learn from the retail sector. Joe discusses key concepts from his new book, Work Shop: The Consumer-Driven Transformation of Commercial Real Estate, shedding light on how technology and shifting consumer behaviors reshape the industry.
Brady reflects on how the decline of malls foreshadows challenges for the office sector and underscores the need for adaptability in retail and office environments. He explains how modern employees, much like consumers, are voting with their feet regarding where and how they want to work, making it critical for office owners to craft spaces that align with today’s flexible, hybrid work models. The conversation covers how innovative companies are using data to understand space utilization, and how live-work-play environments are becoming essential for attracting talent.
Key takeaways include:
- How shopping patterns and technology transformed retail, and why office spaces must follow suit.
- The importance of understanding how employees use spaces and adapting them accordingly.
- Why creating vibrant, mixed-use communities is key to future CRE success.
Recommended Books:
Work Shop: The Consumer-Driven Transformation of Commercial Real Estate By Joe Brady
Trammell Crow, Master Builder: The Story of America's Largest Real Estate Empire by Robert Sobel
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