Unemployment Rates and Office Property Development Trends
Colorado’s current unemployment rate is about as low as it can go. That’s great news for qualified jobseekers who demand meaningful work with forward-looking, employee-friendly firms. Additionally, we are seeing a change in the office property development trends.
Companies are well aware of this trend, which is why innovative organizations like the developers behind Miller’s Landing have addressed the needs of employees as part of a 65-acre mixed-use development near downtown Castle Rock.
Cold office spaces lined with bland decorations and identical cubicles are long gone. Those designs are as dead as the days of the grey flannel suit.
Modern employees require more than a desk, a phone and a coffee pot in a cramped office kitchen.
“Offices used to feel like prisons,” said Shawn Temple, Managing Director of the the Miller’s Landing project. “But today’s skilled employees seek much more. They need amenities, a sense of belonging and community. That’s why we’ve designed a mixed-use development that looks and feels like a college campus.”
Miller’s Landing has a university feel. It also comes with easy access to outdoor activities that attract active and energized employees. The Miller’s Landing site is within walking distance of Philip S. Miller Park, a 300-acre urban playground includes the Millhouse events center, an outdoor amphitheater, the Miller Activity Complex fieldhouse, the Challenge Hill outdoor staircase, an adventure park and an interconnected trail network. It also includes a public-private partnership that provides ziplines and adventure courses.
Amenities like parks, open workspaces, giant windows and views of the surrounding landscape motivate employee and boost enthusiasm. A Forbes Magazine report stated that skilled and highly sought after employees thrive in locales that invite them to work. A welcome workspace — one that makes employees want to show up to work – enhances staff well-being. And as any employer can attest, a happy staff is a successful staff.
Today’s workers need more than free bagels and donuts as motivational fuel to charge through the day.
One of the biggest property development trends for office spaces focuses on “experience-driven spaces”, which can include:
- Massage therapy and chiropractor consultation spaces
- Meditation areas
- Acupuncture and holistic medicine offerings
- Yoga studios and walking/jogging trails
- Rock climbing walls
- Espresso and cocktail bars
- Game rooms and virtual reality gaming spaces
- Corporate sports tournaments and active spaces (indoors and outdoors)
- Theater and music stages
“Experience-Driven Spaces are highlighted by employee-focused and specialized enhancements aimed at developing overall wellness, cultivating happiness, community-building, and boosting morale for everyone from interns to top-floor executives.” https://www.ambius.com/blog/office-design-trends-to-watch-out-for-in-2019/
Yes, we are a long way from the tomb-like atmosphere of old-school corporate workspaces.
The developers behind Miller’s Landing are ahead of the trend. They have created a campus-like, multi-use space that encourages workers, investors, visitors and families to experience the boundless possibilities of a modern office environment.
Temple pointed out that Miller’s Landing has created a space that gives staff members a sense of working outside, amid the stunning vistas of The Rockies.
By incorporating massive plaza windows throughout the Miller’s Landing development, employees will enjoy the best of Colorado’s environment from the comfort of a well-designed office.
“The old model for office development created a stark, unappealing concrete jungle,” Temple said. “That outdated, traditional suburban office meant people went to work in an isolated building set amid a sea of parked cars and asphalt.”
Miller’s Landing is the complete opposite of that model.
“Miller’s Landing will be a dense development with a more urban feel, with access to shops, restaurants, and parks,” Temple said. “Miller’s Landing will be a place that welcomes workers. It’s really going to be their home away from home.”