Leading Voices in Real Estate
Owen Thomas | Chairman and CEO of Boston Properties
Mar 3, 2025
Owen Thomas, Chairman and CEO of Boston Properties, shares insights on the office sector's dynamic landscape amid return-to-office trends. He discusses the shifting occupancy rates influenced by new work patterns and the revitalization of downtown economies. Owen delves into the rise of co-working spaces, emphasizing the importance of flexible environments for attracting talent. He also highlights sustainability efforts in real estate and the strategic necessity of environmentally friendly practices, showcasing innovative initiatives like green buildings.
01:11:46
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Quick takeaways
- Internal development and construction expertise is vital for successful office projects, ensuring timely delivery and high-quality work that satisfies clients.
- The return to office trend shows varying occupancy rates across cities, with large corporations signaling a shift towards more in-person work that boosts office demand.
Deep dives
Expertise in Office Development and Construction
Successful office development relies on having both development and construction expertise internally. A firm with a stable and experienced team has a strong track record of delivering projects on time, which instills confidence in clients. For instance, the company has constructed several well-known buildings in Washington, D.C., solidifying its reputation in the industry. This level of expertise not only ensures timely completion but also enhances client satisfaction due to the quality of work delivered.
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