Today’s workforce is increasingly mobile, working from home or from wherever they need to be. Yet with fewer and fewer people in the office, the costs of corporate real estate are still mounting. Walking through most office buildings, it’s easy to see how much space is wasted: about 3 out of every 5 desks sit empty at any given time.
It’s not surprising that in most companies, the pressure is on to improve space utilization and reduce corporate real estate expenses. But before you can begin optimizing your workplace, you need to fully understand your current utilization. That’s where space utilization metrics can be so useful… or not. If you’re tracking the wrong data, it can’t help you make the best possible use of your space. Or worse, the wrong data can cause you to focus on the wrong areas and away from the low-hanging fruit. The right space utilization metrics can not only drive down the cost of real estate, but even help you drive innovation throughout your company.