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Matthew Brown

Matthew Brown

Aug 19, 2026

24:12
It's interesting that GPT has produced an AI white paper on the subject called "Human and Machine: Is There an Elephant in the Room?" So is there an elephant? And what were your key takeaways?
24:24
Well, I still think we're very much in the early days of the world's AI journey, and I think there's a, a couple of different schools of thought in relation to the AI impact on office.
24:35
And, and you've got a school of thought that talks to product augmentation and, and job creation through AI, and you've also got some views in, that talk to, you know, selective job displacement.
24:44
And I think from our perspective, when we look at the research and, and we talk to our tenant customers, I think our view is that you'll see that augmentation as a productivity enhancer, which ultimately doesn't see a material movement in office space demand.
24:59
And what's interesting, too, is when we looked at our research, we surveyed our top 20 tenant customers across our office portfolio, and generally what we found is that they're looking to generally maintain their headcount over the course of the next three to five years, and they don't see any major impact on office space requirement over that same period.
25:20
And, and so that's a, a positive view that we've seen from those tenant customers.
25:24
But interestingly, when you look at some of the other research that has been recently released to the market, so the Department of Employment and Workplace Relations have just started releasing a quarterly data series.
29:17
What does that look like in practice? When we were preparing for the podcast, you talked about office as a service rather than a commoditized product.
14:09
Well, we get called an emerging region as well, yeah.
14:11
But we, as I, as I said earlier, I think we're, we're really starting to find our voice.
14:16
So our elevator pitch, if I had one for us at this point, is that we have a Mid-Atlantic climate with a region that is quite varied in terms of terrain and topography.
14:31
We have coastal area where we make really great Chardonnay.
14:36
We've got mountain terrain where we can make just beautifully luminescent and fresh Cabernet Franc and a little bit of everything in between.
14:47
We often get, I would say, compared to Bordeaux in the sense of that Mid-Atlantic climate.
14:53
We have a lot of clay-heavy soils, but we're really just sort of our own unique, difficult to define region, and I- I think that possibility of exploration is what draws people to Virginia.
18:11
Yeah.

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