The oldest members of Generation Z, at age 22 or so, are ready to set out into the world to take their rightful places in the working world, as generations before them have done. Which makes it a good time for an architectural engineering reminder about how important it is to have a work space in Denver that welcomes all employees, regardless of which generation they belong to.
Why Real Estate Development Firms Need to Remember This
It’s only recently that social scientists and analysts like those at the Pew Research Center have decided to formally declare a semi-official date range for the Millennial generation and Generation Z, the one right behind it. However, the unique attributes of Generation Z as a cohort may have a strong influence on work space design. For example, this is the first generation that came of age in a time where so much of their lives were lived online. They’re truly comfortable with technology in a way that surpasses all those who’ve come before, and it show in how they approach their personal and professional lives.
The Importance of Multigenerational Work Spaces
Even though Generation Z is the new kid on the block – almost literally – there’s no reason to believe that Millennials, Gen Xers, Baby Boomers, and even still-working members of the Silent Generation are going anywhere soon. A well-designed workspace needs to accommodate all of them. From generational preferences in work style, access, collaboration, and more, civil engineering firms must anticipate the varied needs, expectations, and assumptions of multiple generations working in the same space.
A Plan for Architectural Engineering Success
When civil engineering firm and commercial real estate development firms work together to ensure all generations feel welcome at work, it goes a long way in cultivating collaborative relationships among employees. Employees who feel supported by colleagues, no matter their age, are more apt to be engaged with their jobs and report higher job satisfaction rates. While there’s no guarantee that employees from different populations won’t sometimes experience intergenerational conflict, embracing designs that encourage workers to see what they have in common may help. CenterPoint Integrated Solutions is the commercial real estate development firm you need to create your multigenerational workforce. Contact CenterPoint Integrated Solutions today!
CenterPoint and IDES staff attended their annual Rockies outing where the Rockies beat the Padres 9 – 6. It was a fantastic time!
Local governments may soon be empowered to influence rents in Colorado, threatening both the state’s recent population growth and job prospects for building professions. A bill introduced during the Spring of 2019, Senate Bill 19-225, called “The Rent Stabilization Act”, would allow local governments greater say in setting maximum rental policies in their communities. The uncertainty and incongruence of local policies across Denver, and by extension, the state of Colorado, means that commercial real estate development firms may be hesitant about taking on new projects in Denver and beyond.
Rent Control, Explained
Legislation that’s described as “rent stabilization” has the function of telling landlords they must keep the amount of rent they charge for a unit within a certain range. According to some recent studies, it often has the opposite effect, destabilizing the rental market. Even though the state’s population has increased and construction jobs picked up in response to housing needs, the uncertainty of wondering which municipality will adopt rent control regulations has commercial real estate development firms hesitating before building more units. A downturn in building may also affect civil engineering firm, who’d loose out on work if new units aren’t being built.
The Ripple Effects of Rent Control
When local governments get involved and impose rent stabilization measures, sometimes it backfires. Instead, small landlords decide to sell their buildings. With the housing stock depleted, rents actually go up. Sometimes, residential properties can lose value, too, as assessments can decrease. As property assessments decrease, so does the amount of tax collected on those properties, which can have a seriously adverse effect on critical municipal services, including utilities, public safety, and education.
Lawmakers’ goals in providing more affordable housing are to be applauded. But rather than effectively punishing landlords with increased and inconsistent restrictions and regulations across cities, towns, and villages, it may be better to work with commercial real estate development firm and civil engineering firms to enhance the housing stock. Builders who take into account factors like transit access and other amenities when considering new projects may be those who experience the least ill effects from a law like the Rent Stabilization Act.