10 Steps That Drive Better Space Efficiency in the Workplace

You know your work spaces are not used efficiently. Many desks sit empty, conference rooms designed for 10 are mostly used by groups of 3 or 4, and meeting spaces with expensive video conferencing equipment are being used for traditional face-to-face work sessions. With so much waste combined with pressure to reduce property costs, many workplace teams are looking for strategies to take control of space efficiency in the workplace and make the best use of space.

You have probably heard about workplace management tools that can help you improve efficiency in the workplace. Yet implementing these sophisticated new technologies might seem overwhelming if your workplace team is currently managing things with manual audits and spreadsheets. The good news is, you don’t have to sprint out of the gate and you don’t have to do everything all at once.

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Using Business Intelligence Analytics to Drive Better CRE Decisions

When you’re responsible for difficult decisions associated with corporate space planning, don’t you wish you had a crystal ball that could tell you what will be happening in your business in the next 10 to 20 years? You need to be able to accurately predict the future to make right decisions about your portfolio: whether to renew leases, consolidate space or move into new space.

Yet how can you predict the future when you don’t have a good handle on the present? When you lack accurate data about your current space utilization, you struggle with every decision from everyday business requests for more space to the really tough calls like whether or not to renew a building lease. And each time you get it wrong, the consequences are costly: like being stuck in a 10 year lease for a space that you don’t need. Or having to keep moving teams around because you had the wrong information about their needs. With each mistake you make because of bad data, not only are you wasting money, but you’re shining a light on your own deficiencies and hurting your reputation with your lines of business and executive team.

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6 Ways Your IWMS Software is Failing You

Corporate-Real-Estate-WhiteToday’s IWMS software, already offering a broad range of functionality under the umbrella of corporate real estate and enterprise operations, is expanding to include an ever-widening range of functions. These range from transaction management and leasing to maintaining assets, managing space to tracking carbon footprint and managing capital expenditure. Some providers are going so far as to add safety and security and shipping and receiving into the equation.

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The New Workplace Space Utilization Metrics You Need to Know About

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.

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