office of the future speaker slide compilation

THIS SPACE RESERVED / DO NOT COVER

9:00 AM Top Floor: Forward

Thinking Landlords Talk with Large and Fast

Growing Tenants


New Construction

Author: CBRE


VORNADO RECENT OFFICE DEVELOPMENTS

280 PARK AVENUE – 20151,243,000 SF

• PJT Partners• Franklin Templeton Investments• Cohen Steers• Trian Fund Management• Viking Global Investors LP• Blue Mountain Capital

90 PARK AVENUE – 2016956,000 SF

• PricewaterhouseCoopers LLP• Foley & Lardner LLP• FactSet• Alston & Bird

330 WEST 34TH STREET – 2015717,000 SF

• Footlocker• Yodle• Deutsch• Structure Tone

7 WEST 34TH STREET – 2014477,000 SF

• Amazon

640 FIFTH AVENUE – 2005315,000 SF

• Victoria’s Secret• Fidelity Investments• Dune Capital• Owl Creek Asset Management• Hitchwood Capital Management

770 BROADWAY – 19991,158,000 SF

• Facebook• AOL• J.Crew

330 MADISON AVENUE – 2012842,000 SF

• Guggenheim Partners • JLL• Point72 Asset Management• HSBC Bank• American Century Investments

1290 AVE OF THE AMERICAS – 20142,107,000 SF

• Neuberger Berman• AXA Equitable• Cushman & Wakefield• Hachette Book Group• State Street Bank• Columbia University• Fitzpatrick, Cella, Harper & Scinto

888 SEVENTH AVENUE – 2008885,000 SF

• Texas Pacific Group• Pershing Square Capital

Management• United Talent Agency• Visium Asset Management

350 PARK AVENUE – 2008571,000 SF

• M&T Trust• Citco• Marshall Wace North America,

L.P.

731 LEXINGTON AVENUE – 20041,063,000 SF

• Bloomberg LP

Author: Glen Weiss


Office Urbanism™Office Urbanism is a trademark of Skidmore, Owings and Merrill LLP

Author: Stephen Apking, FAIA

The workplace has transformed from a finite and static embodiment of organizational structure to an elastic network of spaces and resources. It has become an ecosystem that promotes interaction and the exchange of ideas between individuals – an open and dynamic nexus that draws from internal resources and the community at large and defines a broad ecosystem that migrates from workplace to building to neighborhood to city to create a space where innovation can thrive.


11:10 AM – Session AAmenities: Building-

level, Tenant-level, and External to the Building

THIS SPACE RESERVED / DO NOT COVER Author: Ellen Albert

OUR STRATEGY: REALIGNThe proposed increase of Viacom’s community and support space would greatly improve our spaces but still results in significantly less community and support space than industry benchmarks

THIS SPACE RESERVED / DO NOT COVER Author: Bryan Green


IT’S ABOUT THE BOTTOM LINE• Moving from Wellness to Well-being1

• There’s a major shift underway in the workplace

• The main objectives of 6,500 organizations surveyed are:

• Increasing workplace productivity

• Supporting cultural change

• Attracting and retaining talent

• Improving employee health (healthcare costs)

• Experience of the workplace and workplace change

• Not just “where” work happens, rather “how” work happens

• Companies with the most engaged employees show3

• 89 percent higher customer satisfaction

• 54 percent higher retention

• Four times the revenue growth.

• Workplaces are getting younger and emphasizing openness2.

• 1/3 of American workers are under 35 and they most value collaboration with colleagues and good places to connect

1Boucher, B. “How to create a workplace that’s fit for the future”. JLL. 2015.2Knutson, P.JLL. 2015.3”Lighting the Path to Success.” Hay Group and FORTUNE’s World’s Most Admired Companies survey report, 2012.

Author: Thomas Durels, Empire State Realty Trust

Improvements within the office space Productivity Gains

• Improved Acoustics +66% memory and 6% productivity savings+67% accuracy +48% ability to focus on tasks

• Daylighting and views - 6.5% sick leave

• Improved indoor air quality (IAQ) -35% short-term sick leave


Place Making

Author: Kevin Danehy, Brookfield

Brookfield Place New York

• Destination retail, dining, & amenities

• Hudson River waterfront

• Abundant public transportation access

Principal Place, London

• Mixed-use development

• Amazon - Anchor tenant

• Targeting BREEAM® Excellent rating

Manhattan West

• 7 million sf

• Mixed-use development

• 2 acres of green & event space

THIS SPACE RESERVED / DO NOT COVER Author: John Arenas

• Deliver Experiences not Space

• Activate Based on Brand Promises

• More Permeability = More Value

• Exercise your Talents and let Others


XINHEE DESIGN CENTER HQ, XIAMEN

WWW.I-MAD.COM


11:10 AM – Session BTechnology: Smart Buildings, Smart

Spaces, Smart Cities


Smart = Interconnected• Mobile Workforce, Digital Economy, Cloud Migration

• Consistent User Experience

• Integrated Communications

DeskMobile Huddle Conference

Author: Mark Peterson


DIRTT: Construction For The 21st Century

Author: Laura Jamer

Rapid | Clean | Cost Effective | Sustainable

Video Game Technology + Virtual Reality + Manufacturing = A Better Way To Build

THIS SPACE RESERVED / DO NOT COVER Author: Dave Wildman, Bloomberg

47%

31,177

53%


12:00 PM – Session AWorkplace Design as

Business Strategy: The Pendulum Swings Back


Smart Working @ Credit Suisse

• Program launched in 2011 with 3 pilot locations & 650 people

• Today: 7 Countries, 9 Cities, 16 Locations & >14,000 People

• Ratio of ~0.8 Desks/Person or 25% Oversubscription Rate

Author: Credit Suisse

• 27% increase in capacity• 21% reduction in SF per Person

• 400% increase in conference rooms• Addition of hub seating, lounge areas, alcove sofas, and more!

One Madison Avenue-Shared Services

# Desks# Offices

(Enclosed) Total Seats Capacity USF/Seat USF/Person# Conference

Rooms# Confidential

Settings (Enclosed)3

Traditional Office(Offices/Cubes/Bench) 571 52 6231 579 110 118 3 N/A

Smart Working (Activity Based) 588 N/A 5882 735 117 93 14 53

Cost Efficiency

Employee Choice

Smart Working vs. Traditional Office Environment

1 Seats include offices, cubicles, bench seating and lab seating2 Seats include bench and 120˚’s from a selection of Home Zones, Business Gardens, Quiet Zones & Project Zones3 Confidential Settings are not included in our seat count and are not used to calculate our Capacity


Changing Workplace Metrics

• Trends realized

• Unprecedented application of open plan

• Alternative spaces

• Support Spaces

• Mobility

• Technology

Author: Jacqueline Barr


The Pendulum Has Swung Too Far

Author: Chris Schlank

THIS SPACE RESERVED / DO NOT COVER Author: Boston Properties

LOCATION PLACE SPACE

THIS SPACE RESERVED / DO NOT COVER Author: Nina Charnotskaia, CBRE

COMMUNITY

PRIDEEXPERIENCE

Make it easy for me to focus on what you hired me to do.

Help me develop relationships and grow capabilities.

intuitive design

ease of use hospitality

brand

What makes for a great workplace?


Formula for Change – Verizon Global Real Estate

Confidential and proprietary materials for authorized Verizon personnel and outside agencies only. Use, disclosure or

distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement.

112M SF

105M SF

93M SF

87M SF

85M SF

Changing our Approach to the Workplace – John Vazquez, SVP Verizon

Real Estate Actions

GWC Consolidation

Small Location Exits

Increasing Degree of Difficulty

Fundamental Change

Market Strategy

Campus Strategy/Jt Venture/Coworking/Flexible Office Solutions

New Workplace- No Wall

Regional Wireline Sale

- SF numbers exclude “VZW Retail” and “VZW Network”, and “Other”

2016 Exits

Cultural Shift- Low WallStatus Quo- High Wall

Author: John Vazquez, Verizon


12:00 PM – Session BBuilding Upgrades: Making the Most of Older Building

Stock


Evolving Demands in Real Estate

Author:

Corporate Culture is Shifting• Efficiency & Sustainability

• Health and Wellness

• Designing for people

• Technology

• Flexibility

• Amenities


New Amenities from the Landlord• Our own lobby and marquee with signage

• New destination dispatch elevators

• Our own elevator bank (6 elevators)

• An entire roof deck

• Glass staircase connector attaching the 225 & 233 Park buildings

• Glass wall pavilion on roof deck

• Terrace overlooking roof deck

• Author: Gabrielle Rubin Deveaux, BuzzFeed

Author: Gabrielle Rubin Deveaux, BuzzFeed

THIS SPACE RESERVED / DO NOT COVER Author: Haril Pandya, AIA - CBT

“HOT CRAZY MATRIX” GENERATIONAL


1:55 PM Real Estate as a

Service: Coworking, Variable Cost Space &

Creative Landlords


21st Century Workplace Services

Author: Elliot Felix

Events and MeetingsAirbnb

Technology and Support

Microsoft

Food ServicesGoogle

Business Services WeWork

Reception / ConciergeGeneral Assembly

Space Management / Booking

Breather

Lifestyle ServicesAmazon Purdue

Health and WellnessCapital One Financial

Also, Transportation, Referral Platform, and Facilitation/Training

THIS SPACE RESERVED / DO NOT COVERAuthor: Maggie Burns,

VP of Real Estate, Breather


?Co-working Shared Floor Full Floor +

Author: Jeremy Moss


The Workplace of the Future

• What talent wants, is what tenants need, is what landlords must build.

• Landlords will become brands, tenants will become members, workplace will become a service, and real estate will become de-commoditized

Author: Chris Kelly, Convene

THIS SPACE RESERVED / DO NOT COVERJoe Barile, President and Managing Director, The Americas.

The Instant Group