Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Leasing Office Space and the Impact of Millennials
To frame the question of what impact Millennials are having on the leasing of office space, let's define what we mean by “Millennials.” The Washington Business Journal ( WBJ ) study titled “The Kogod Greater Washington Index: Millennials,” published in January 2016, noted as follows. There are currently four generations in the workplace, with a fifth about to enter:
- Silent ' Born 1920-1945. 2.3% of the work force. Age 70 +.
- Boomers ' Born 1945-early 1960s. 28% of the workforce. Ages 50-69.
- Gen X ' Born early 1960s-1981. 34.1% of the workforce. Ages 35-49.
- Gen Y or Millennials ' Born early 1980s-1996. 34.1% of the workforce. Ages 20-34.
The next generation is “Gen Z,” who were born between 1996-2013. They, together with the Millennials, will make up over 50% of the workforce within the time frame of a 15-year lease signed today.
The time frames above are approximate, and the behavior of the members of each group is not, of course, simply generational but also a function of early or late adoption of technology (among other things). The Kogod Study found that Millennials want the same things previous generations wanted; to find jobs, pay their bills, experience career advancement. And basic human needs in an office do not change: shelter, light, good HVAC, plumbing, cleanliness and easy daily access. What does change is technology.
Technology Considerations
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?