Future of Work, Sharing Economy and Real Estate: Thoughts and Trends To Watch

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Transcript of Future of Work, Sharing Economy and Real Estate: Thoughts and Trends To Watch

Real Opportunities & Threats for Real

Estate: Future of Work & Sharing Economy

Trends

Aassia Haq Founder & CEO – Guidrr

@aassiaharoonhaq

Presented at Encore WealthDallas, May 28 2015

About My Journey: A Starter Upper

A global travel & entrepreneurship journey

Nearly a decade at PepsiCo – Communications/PR; Brand management

4 years: Online Startup CEO – ALUMRISE (Future of Work)

3 yrs: Chief Marketing Officer - MBO Partners (Future of Work)

Full Circle: Startup CEO @Guidrr (Travel, Future of Work, Urbanization); Speaker & Board Advisor

Dallas based; Global Citizen

: @aassiaharoonhaq

LI: www.linkedin.com/aassiahaq

My Objective Today

1. Describe How the Sharing Economy Trends Impact Real Estate Today

2. Share Key Factors Driving the Future of Work

3. Leave You Thinking

15 Minutes for Q&A

So What? Beyond the Buzzwords

Sharing Economy

Peer to Peer

Collaborative

Consumption

On Demand

?

Why It Matters to Global Economy

Sharing Economya

Peer to Peer

Collaborative

Consumption

On Demand

$11.4 Billion Investe

d

Source; Jeremiah Owang: Crowd Companies

Why It Matters to Your Sector

Sharing Economya

Peer to Peera

Collaborative

Consumption

On Demand

$2B

Source; Jeremiah Owang: Crowd Companies

Disrupting SpaceSpace: $1.4 Billion in Funding (Bulk: Airbnb)

Key Players: Airbnb, Couchsurfing, HomeAway, Inspirato, LoveHomeSway, OneFineStay, Roomer, Roomorama

WorkSpace: $416.5 Million (bulk WeWork)Key Players: WeWork, LiquidSpace, AppearHere,

Deskwanted, Breather, Peerspace, PivotDesk, ShareDesk, Storefont

Source: Thanks Jeremiah, Lisa Gansky

In the business of space

Rachel Botsman:2014 Prediction

Anyone?

Industries ripe for disruption have 5 key characteristics:

• Complex experiences• Waste• Broken Trust• Redundant intermediaries• Limited Access

3 Key TakeawaysSharing economy = efficiency in asset

utilization. The drivers tech (on-demand platforms); trust (scaling in UX & business models)

Sharing is about physical spaces (buildings, real estate), products (tools, things) and about creating a means to share our most valuable assets – ourselves (services, tasks)

The so-called Sharing economy is driven by people, across the globe .. And that leads to the next part of my story

Why Future of Work Matters to The Future of

Real EstateMacro Changes to Employment Create the Biggest Change to How We Will Live, Work, Play – Changing Our Concept of Self & Space

Our Future Belongs to the Micro-Entrepreneur

53 Million or43% of the US private workfore by 2020

30M: Solopreneurs Vs. Side Giggers

Cross-Generational Trend

Gender & GDP

In Context: The Expert”Expect growth but in supply and demand for independent workers in the next 5 years. Even more individuals will become independent micro-entrepreneurs due to the autonomy, control and flexibility independence provides – or simply because it’s their best or only option in the new economy … ”

Steve King: Partner, Emergent Research

The Barbell EconomyA future view of our economy with major

implications – and a sector call to action

Big gets bigger

MicrobusinessBooms

Middle Shrinks

Authorities & Experts To Watch/Follow

Sara Horowitz – Freelancers Union

Steve King- Partner Emergent Research

Gene Zaino – CEO MBO Partners

MBO Partners State of Independence in America Survey

The #CoworkingIndustry

Self-Employment is our Future, Who’s Got it Cracked?

Intuit 2020

In A Word: How This Impacts The Business of

Real Estate Converging global trends in sharing economy, future of work &

urbanization are for me, the most exciting and investable opportunity

INCOME

SIZE

DIVISIBILITY

PURPOSE

CONTROL

OWNERSHIP

From Corporations to Coliving

Location-independent

BYOW/BYOD

Digital Nomad

Walking Not Driving

Community Not Isolation

City not Suburb

Changes to :

• Where• How• Why

We Work WeWork

vRegus

Urban, Sharing & Connected 66% urban by 2050

(UN)

Self-employed, choosing where to live/work/play

Unstable income streams – living small

Sharing• Assets

• Knowledge

• LivesVia

Platforms

Remember those 12.1M Sidegiggers?

Aassia Haq

Global Questions, Local Answers

Future of Work Trend

Self Employment

Micro-Entrepreneurship

Sharing Economy

Platforms for Work

Expertise based work

Global 50/50 Corporations

Less resources, more Income inequality

Real Estate Impact

Mortgages & Rent v Own

Mixed-use (work/play)

Build to Share (Home/Car)

Location independent

Expert cities/Coworking

Changing needs for space

Micro, sustainable and shareable/divisible spaces

Let’s Build the Future of Real Estate With Future Of Work

Questions?Answers: From a business thinker and observer perspective.