According to Mark Roemer Oakland, demolishing old and unused warehouses isn’t the norm anymore. Contrary to that, these run-down spaces are being rapidly turned into usable residential and office spaces. Let’s check out why neglected urban spaces are making popular offices today:
- Ample space – Empty warehouses and factory buildings are usually constructed over large land areas and the space inside them is also huge. It’s the perfect setting for budding startups, companies who want to expand, or well-established companies who want to temporarily raise their workforce at minimal cost for a big project. Large spaces are especially useful for companies who are new to the market and want to grow rapidly with an innovative product or service. With the evolution of digital technology and more retail investors than ever, growth opportunities are endless. A large space can accommodate a growing company’s needs.
Factories can also be repurposed to an open-office design where multiple companies can share space and divide the cost for sustainability. Compared to traditional offices with cubicles, these warehouse spaces are open to redesigning with panels and can easily be reworked to a growing company’s needs. They can fit more people per square foot than a regular office in the middle of the city. That’s why even older companies are trying out open office designs in large spaces. For instance, Pinterest, the social media giant is headquartered in a San Francisco building that used to be an industrial warehouse.
- More appealing to a newer demographic – Hanging lights, wooden beams, exposed ceilings are some of the design features of a modern office and make it look hip and edgy. Offices with dull drywalls, boring neutral-toned cubicles, and windowless rooms are a thing of the past. The modern workforce has student debt, pays an insane cost for renting a living space, and has numerous other things that are depressing enough. They don’t want to work at a place that’s gloomy and uninspiring. This is especially true for millennials and Gen-Z. They want more collaboration, flexibility, and meaningful work instead of just crunching numbers in a confined and compact space.
- Location – Moving to the suburbs used to be cheap, bringing more space and lower costs of living. That’s why many companies moved to the suburbs along with residents. However, that’s not the case anymore. Living in the suburbs is more expensive than ever and the young demographic now prefers to live in the city, unlike their predecessors. That’s why companies prefer to transform an old warehouse or factory in the middle of the city or at least close to it, especially when they get the property for dirt cheap.
Mark Roemer Oakland suggests that you learn from these transformations and make similar changes in your life. It reinforces the old idiom; one man’s trash is another man’s treasure. It’s just about finding the right thing that isn’t useful anymore and creating value out of it.