EG Like Sunday Morning: Starting out in real estate
Sep 3, 2023
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In this podcast, they discuss the future of office spaces, incorporating changes in design and materials, creating inviting lobbies, and the importance of social connections. They also explore the influence of artificial intelligence (AI) on the real estate sector, including its applications in facilities management and generative AI. The podcast delves into flops, computational power, and the use of AI technology in real estate marketing. Lastly, they break barriers in the real estate industry by providing insights, qualifications, and apprenticeship opportunities for young people.
Creating engaging office spaces with amenities is crucial for the future of work according to Stuart Lipton.
Generative AI has the potential to revolutionize the real estate industry by processing and analyzing vast amounts of data.
Deep dives
Stuart Lipton's Interview: Creating Office Spaces for a Better Work Experience
Julia Cahill interviews Stuart Lipton about his project with Heinz, 18 Blackfires, and his ideas about the future of office spaces. Lipton emphasizes the importance of creating office spaces that go beyond being just a place to work and instead bring enjoyment to working life. He discusses the need for offices to provide amenities like coffee bars, newsstands, and meeting places to foster social connections and create a more engaging work environment. Lipton's design for 18 Blackfires incorporates green terraces, roof gardens, and a twist in the tower design, deviating from the traditional glass and steel look. Overall, Lipton aims to make office spaces more desirable and enjoyable for workers.
The Impact of Generative AI on Real Estate
Piers Weiner explores the potential of generative AI in transforming the real estate industry. He explains that generative AI allows algorithms to combine data and generate content, enabling applications like chatbot assistants and visual generation software. Weiner discusses the growing use of generative AI across various sectors, including real estate, and its ability to process and analyze vast amounts of data. He highlights the milestone achieved by CBRE, where one billion square feet of facility management is now AI-led. Moreover, Weiner mentions McKinsey's study, stating that generative AI alone could add 1.7% to the global value of commercial real estate annually, equivalent to $180 billion. The impact of generative AI is expected to revolutionize multiple industries, including real estate.
Introducing 'Starting Out in Real Estate' Supplement
The podcast discusses the launch of the 'Starting Out in Real Estate' (Sware) supplement, aimed at 16 to 20-year-olds interested in pursuing a career in real estate. The supplement aims to provide information about the wide range of career opportunities within the industry and break down barriers for young people considering real estate as a profession. The supplement includes visual features like 'Day in the Life' profiles of different real estate professions and Q&As with industry leaders. It also covers practical advice on networking, work experience, and apprenticeship opportunities within the built environment. Sware seeks to educate and inspire young individuals about the possibilities and potential in the real estate sector.
Earning Potential and Career Opportunities in Real Estate
Julia Cahill explores the earning potential in real estate and highlights the vast range of career opportunities available in the sector. She compares real estate careers to professions like law and accountancy, emphasizing that real estate can offer competitive salaries. Cahill emphasizes the diversity of roles across finance, development, management, and the public and private sectors. She encourages young individuals to find their passion within the industry and notes the increasing focus on social impact and initiatives in real estate. Overall, Cahill highlights the broad scope and earning potential in real estate, making it a worthwhile career path to consider.
EG's weekly podcast round-up returns after a summer break, and Jess Harrold is joined by senior writers Julia Cahill and Piers Wehner, and legal & professional editor Sarah Jackman, for a bumper episode.
Cahill recounts insights on the future of the office from her EG Interview with Sir Stuart Lipton, and Wehner brings to life the boundless possibilities that generative AI can offer the real estate sector.
Then, Jackman explains why EG is giving the sector the gift of the Starting Out in Real Estate supplement, an informative guide for young people about the career paths and opportunities available. Read - and share - the SOIRE special at: https://edition.pagesuite-professional.co.uk/html5/reader/production/default.aspx?pubname=&edid=9e29e9f5-079d-4cec-b3ff-d2ee44e6933f
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