Young Leaders’ Roundtable Opens Informal Dialogue on Corporate Real Estate Market and Industry Trend
Young Leaders Committee recently hosted its second informal roundtable discussion of the year that explored the current state of the market and trends in the corporate real estate industry. An outspoken group of Young Leaders attended the event, which was held at M Moser Associates.
The casual atmosphere allowed attendees to converse freely about issues they are encountering in their careers and served as a forum for sharing experiences and offering advice to peers. Topics of conversation ranged from business adaptations in a down economy to managing service provider relationships in a new economic environment. Attendees also expressed their views on whether the market has hit bottom and some shared signs that business is picking up. Other issues discussed included lease renegotiations and vendor contracts, and companies’ careful examination of invoices and billing.
Young Leaders host their informal roundtables on a quarterly basis at no cost to both members and prospective members. Attendees are always encouraged to bring a colleague.
Young Leaders Host Informal Roundtable Discussion
On June 26, the Young Leaders Committee of CoreNet Global’s New York City Chapter hosted its first informal roundtable discussion on the current state of the market. A group of Young Leaders and other Corenet Global NYC Chapter members attended the program, which was held at Skadden, Arps, Slate, Meagher & Flom, LLP. The goal of the discussion was to learn and share ideas about what Young Leaders are experiencing in the marketplace.
The casual but informative atmosphere allowed for conversation to flow freely as attendees introduced themselves and had the opportunity to suggest corporate real estate or general business-related discussion topics of interest or concern. Kenny Rodriguez, Young Leaders co-chair (Skadden, Arps, Slate, Meagher & Flom, LLP), and Lou Nowikas (Hearst Corporation) opened the dialogue with a general overview of the slowing market and other current trends.
This led to a discussion on how companies are looking for creative ways to maximize space needs as cutbacks continue. Others pointed out that maximizing space, or densification, is not only more economical, but it is also a more sustainable practice for corporations to follow.
The subject of green building and sustainability was a hot topic. Some wondered whether being “green” is just a trend, especially if oil prices drop again and corporations grow less concerned with alternate energy sources. Despite these circumstances, the conclusion was that being “green” would not wane anytime soon, in large-part because the best and brightest graduates and young employees are looking to work for companies that are environmentally friendly. Corporation’s commitment to the environment has and will continue to play an increasing role in the war for talent. What’s more, in order to compete in a global marketplace, U.S.-based corporations must continue to raise their environmental standards, since they still lag behind their European counterparts.
Those who attended the roundtable found the discussion to be very useful and said they planned on attending the event if it is held again. The Young Leaders committee plans on holding more informal roundtable discussions based on the success of this event.