Thesis Driven Editor Brad Hargreaves speaks with Dror Poleg, an influential thinker on the future of work and real estate. They discuss the impact of remote work, the nonlinear economy, the rise of branded operators in the office market, Japan as a model for cities and economies, the global impact of remote work and AI on income distribution, the future of work winners, potential changes to real estate policies, and the impact of AI on the built world.
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insights INSIGHT
Shifting Trends in Remote Work
Around 2015, cracks started appearing in the established theories about the internet's impact on cities and work.
Companies, starved for talent, began prioritizing hiring from larger pools over co-location, driven by rising city costs and improved remote collaboration.
insights INSIGHT
The Nonlinear Economy's Impact
The economy has transitioned from a linear, predictable model of producing goods to a nonlinear one focused on digital and intellectual products.
This shift makes prediction harder due to complex social dynamics and algorithms governing success, impacting office demand.
volunteer_activism ADVICE
Purpose-Driven Offices
CEOs should focus on creating purpose-driven offices rather than simply mandating a return.
The office should serve a clear function tied to specific tasks and needs, not outdated work models.
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In this week’s episode, Thesis Driven Editor Brad Hargreaves speaks with one of the most respected thinkers on the future of work and real estate, Dror Poleg. Dror is the author of the acclaimed books After Office (2023) and Rethinking Real Estate (2019).
Through their conversation, Brad and Dror dive into how macroeconomic factors and advances in technology influence how businesses source, value and manage talent which in turn drives how we work, where we work and where we want to live. More from the episode …
Why “WFH” isn’t just a pandemic trend but the most recent chapter in two decades of shifting how we distribute workforces
How technology has fundamentally upended the linear, predictable nature with which we once approached investment expectations, upside / downside risk, talent priorities, management … and yes, office space.
How this will impact the ecosystem of office real estate from how developers and owners evaluate deals to how banks underwrite risk.
Why the future of office winners will not be who calculates the optimal ratio of in-office vs. WFH time but those who strategically use office space to solve (dynamically) for the specific needs of specific teams and specific times.
Why the office market will start to look more like the hotel market.
The critical importance of central business districts and who is getting it right.
Why the better conversation is less about the future of the office but more about the extraordinary opportunities that spaces of the future will present as our work patterns and lifestyles change - and why value will accrue to the real estate leaders who move beyond increasingly outdated worldviews about urban and office spaces.
Why the future of cities is still bright.
Headlines and popular opinion lean “doom and gloom” on the topic but Poleg’s takes in this podcast - as in his books - will likely leave you feeling more inspired and creative about how you’re thinking about the future of work.
Excited to see you on the next episode of the Thesis Driven Leader Series - till then, check out the Thesis Driven weekly newsletter at https://www.thesisdriven.com/
Thesis Driven Leader Series