The Darling Quarter precinct

By Cameron Jewell

29 July 2013 — A new report by AMP Capital and Deloitte has found future workplaces will be designed around the individual worker, with work being done in the cloud and in precincts, rather than central buildings.

The report, It’s (almost) all about me: Workplace 2030 – Built for us, examined the influence of mega trends including demographics, global knowledge networks, resources, politics, technology, wealth and instability on the commercial office sector, and found that the traditional “central building” office tenancy was on the way out.

“Workplaces will be designed to attract and this will create a focus on vibrant precincts, with easy access to transport, services, entertainment, food, retail, housing and green spaces and sustainable practices,” the report said.

The dominant paradigm of workers being housed within a central building was “ripe for change”, the report said, and the causes included technological advances, changes to workers (being more mobile, diverse and empowered) and changes to work (now more about value through insight).

“We are motivated by understanding and responding to the future needs and desires of our tenants, to help their businesses thrive by positioning our buildings to meet those needs for many years to come,” said AMP Capital office and industrial managing director Louise Mason.

“We are already putting aspects of this report into action, with key findings being integrated into early planning on our prospective Young Street Precinct project in Sydney.”

AMP Capital has recently been given backing by the City of Sydney for planning changes that advance a proposed $1.8 billion redevelopment of two blocks fronting Sydney harbour into a mixed-use precinct, with their AMP Tower on 50 Bridge St to be transformed into a $1 billion-plus premium-grade tower.

AMP Capital office and industrial divisional development Manager Lino Caccavo said the workplace is now as much about life as it is about work.

“The report illustrates that when considering office spaces, it’s not just about the building, it’s about the precinct and the amenities it offers,” he said. “In an environment where workers, knowledge and insight know no boundaries, it will be vital to create locations that are enticing.”

Other key findings included:

  • Knowledge will know fewer boundaries due to developments in technology and connectivity.
  • Time is no longer money; insight is the new currency.
  • With the influence of demographic mega trends, the workforce will be on average, older and more female in composition.
  • Workplaces will be nurturing, collaborative spaces that attract talent, not contain it.