January 14, 2019
The world of work will continue to evolve in 2019, and corporations must find ways to adapt their office real estate. That is the conclusion of a new piece of research by flexible workplace provider Abintra. Published in a new report, the study highlights how corporations are struggling to manage office space efficiently as the trend towards agile and flexible working gathers momentum. The publication explores methods for responding through office space utilisation techniques, including the latest tech options.
Compiled by Abintra’s US office, Emerging Trends in Occupancy Management asks if an emerging class of technology services could be the solution to the challenges faced by real estate professionals in 2019. It sets out the pros and cons of different approaches to managing office space usage, including people counting and tracking, either manually or via WiFi, swipe cards and PIR sensor systems.
Previous research by Abintra has revealed that corporations waste as much as 30 per cent of office space and two thirds of meeting room space because of under-utilisation. The value of that prime real estate in the UK alone tops £10 billion.
The report claimsthat companies are learning to get by with fewer people and need less space per worker as they allow more employees to work flexible hours, or work at home. It quotes one US real estate professional as saying: “There is this constant trend to get more productivity and efficiency out of office space.”
But while real estate managers would like to rationalise the amount of space being used, or to make better use of it, the report points out that doing so is increasingly complex. Density can vary significantly due to various factors such as the nature of work, building codes and even the use of space as a reward for more senior personnel.
The report draws on Abintra’s experience in the field as well as publicly-available information from Avison Young, CBRE, Urban Land Institute, Balfour Management Consultants, Harvard Business Review, Deloitte and MarketWatch.