How the ‘Tech Effect’ is driving change in real estate

Great minds don’t always think alike. In the tech sector the emphasis is on innovation and pushing boundaries – and the minds that do this increasingly want buildings which offer more – both in their work and home lives. 

As such, companies and their employees are turning their backs on the standard office building and multifamily developments by opting for trendy “we” space where people come together over traditional “me” space.

Technology is driving alternative location choices and building characteristics for developers, investors and occupiers. And a growing number of tenants is “challenging the notion of the downtown skyscraper as the dominant symbol of corporate real estate,” as penned by The Wall Street Journal (WSJ).