Workplace occupancy reports: how’s that going?
A. Just fine, thank you. They give me everything I need.
B. I’m uneasy basing my decisions on them.
C. Annoyed with what I’m getting and embarrassed to show them to anyone.
D. I’m tearing my hair out as we speak.
Since you’re reading this, chances are you’re in the B to D range (or even all the way to Z). If so, your frustration with occupancy reports is understandable. After all, there’s a lot riding on the CRE plans and decisions you’re making every day. There’s the cost of long-term leases and all those empty desks, for one thing. Not to mention your reputation and your inability to move toward modern workplaces that better support your business.
Without accurate and actionable information from your occupancy reports, you probably feel like you’re flying blind. As a result, your decisions concerning your CRE portfolio may not be working out as you hoped they would. You are likely facing low occupancy rates, lots of wasted space, and business units that are just as frustrated as you are.