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The landscape of corporate realestate investing has changed drastically in recent years. After emerging on the other side of a global pandemic, companies everywhere have been forced to reevaluate what is considered a sound realestate investment. We’ll then magnify the lens to corporate realestate specifically.
Space management software has become indispensable for businesses to visualize, analyze, and strategize their workspace utilization. But why else should decision-makers invest in this software? Optimizing space utilization reduces realestate costs, energy consumption, and operational expenses. Cost savings.
An IWMS, or Integrated Workplace Management System, is a scalable, cloud-based software platform that helps track virtually every aspect of the workplace and a corporate realestate portfolio. In this article, we explore the evolution of IWMS software and why it’s becoming one of the most important hybrid working tools today.
Guest management software helps answer big questions in any workspace, especially a hybrid office. How can you keep track of visitors to understand all the activities happening within your realestate portfolio ? OfficeSpace already simplifies workplace management and realestate optimization.
Workspace planning is becoming increasingly important and increasingly challenging as work becomes more flexible and hybrid. In this article, we explore tangible ways you can improve your workspace planning process to overcome the biggest challenges of hybrid working. Visitor Management Software Get to know Greetly by OfficeSpace.
Workplace analytics leaders like OfficeSpace Software offer intelligent tools for unlocking the full potential of your physical spaces. See it now User-friendly dashboards simplify complex analytics into clear reports that facilitate smart planning decisions.
Reduced realestate costs – Fewer employees working in a single, central space require smaller physical footprints. This can lead to savings on expensive commercial realestate and reduce overhead costs.
In this blog, we’ll discuss how occupancy metrics are changing how business owners and CEOs make decisions, why data-driven information is king, how occupancy metrics can be used in decision-making, and what the future holds for space planning in the corporate setting. Right-Sizing Your RealEstate : Do you have too much space or not enough?
Beyond the obvious cost savings from downsizing corporate realestate portfolios, deliberate and data-driven utilization planning also enhances employee experience and productivity. What is Office Space Utilization? Knowing how your workspaces are being used is the first step toward creating a high-performance workplace.
OfficeSpace Software, a leader in workplace management solutions, tackled this complex question in its recent LinkedIn Live, “Finding Hybrid Harmony.” Consider these three factors when planning to improve your balance between operational efficiency and the employee experience.
Knowing how many seats and what square footage will be needed are the questions many realestate professionals have been trying to wrap their arms around. Workplaces have traditionally been planned around the total number of offices and workstations needed based on current headcounts and projected business growth.
Office realestate is changing, and the language is changing with it. In this article, we’ll be exploring the concept of hot desking, how it can benefit the hybrid office, how to navigate potential challenges, and how to utilize dynamic and interactive desk booking software to efficiently organize your workspaces.
Develop a plan to implement your findings and optimize your business processes. Business Intelligence (BI) Software: Solutions like Microsoft Power BI and Looker provide dashboards and reports for real-time insights and data-driven decision-making. It provides pre-built integrations able to pull this data into a single platform.
The integration capabilities of modern badge systems further streamline workplace operations, connecting with other tools like desk booking software or visitor management systems for increased efficiency. Additionally, desk booking systems provide data insights on workspace usage patterns, aiding in future space planning decisions.
Occupancy vs utilization: both essential metrics for space planning, especially in a hybrid office. Panel Discussion Top strategies for hybrid office space planning with CBRE’s Susan Wasmund Watch now What is space occupancy vs utilization? So what’s the difference between these two essential metrics: occupancy vs utilization?
Workplace analytics inform operational decisions that optimize limited realestate to maximize productivity and cost savings. Workplace Intelligence by OfficeSpace See space utilization in real-time to evolve your workplace strategy, improve employee experience, & right-size your real-estate investments with Workplace Intelligence.
Integrated Workplace Management Software (IWMS) Integrated Facilities Management (IFM) is the practice of consolidating multiple office services under a single contract and management team. The cornerstone of IFM is technology, specifically, Integrated Workplace Management Software (IWMS).
And the realestate savings that could accompany fully remote or hybrid working profiles will be very appealing to those who have taken a financial hit as a result of the pandemic. Effective software for booking workstations and meeting rooms in the office will be key to making hybrid systems work. Collaborative space.
According to our 2023 Workplace Strategy Report, 40% of workplace leaders are planning on reducing office space within the next two years. With the transition to hybrid work, companies are realizing they have the opportunity to reduce realestate costs and optimize existing spaces.
was planning to construct a new New York City headquarters in Manhattan. To back up this realestate investment strategy, the bank is constructing a massive 60-story tower on Midtown Manhattan’s Park Avenue. JPMorgan’s emphasis on upscale facilities reflects these larger trends in office realestate.
In the workplace, that means measuring and tracking metrics that will empower employers to seamlessly manage and optimize their hybrid work policies and right-size their realestate footprints to support their hybrid work goals and business outcomes. “We And it all starts with data.
It can also help you choose the right hybrid and collaborative work strategies and tools for your business, such as hot desking software, desk and room booking systems, interactive maps, remote technologies, and more. Desk and Room Booking Systems Reservation Systems and Booking Software. RFID or Smart Cards.
They can win state-fair art contests , cause software engineers to have metaphysical crises , and design parts for spaceships and gardens with more efficient shade. Concerns about job displacement and reskilling are very real. They weigh how to optimize corporate realestate without sacrificing employee experience.
Data insights you can act on See space utilization in real-time to evolve your workplace strategy, improve employee experience, & right-size your real-estate investments. Workplace Analytics Software. Desk and Room Booking Software. Customizable yet potentially complex.
For example, a young professional looking for opportunities to break into the realestate industry may find themselves sitting next to a seasoned realtor who can offer a wealth of industry knowledge, or perhaps even a job opportunity. These impromptu connections allow people to build their networks and professional skills.
Hybrid work models, dynamic schedules, and new technologies have reinvented how businesses use their physical workspaces, and making the most of your realestate requires a new strategy and approach to workplace intelligence in the office. Space Utilization Workforce planning requires knowing your space.
As they work to balance right-sizing realestate for current usage patterns while planning for future growth, companies with hybrid working models that successfully facilitate face-to-face connection are realizing the highest return on their workplace investments. days per week, with software and technology organisations at 2.13
These days, coordinating effective meetings requires planning, the right technology, and data-driven insights to ensure you are making the most of your team and your workspaces. Strategic Workspace Planning By analyzing trends, patterns, and utilization rates, conference room analytics inform strategic workspace planning initiatives.
Panel Discussion Top strategies for hybrid office space planning with CBRE’s Susan Wasmund Watch now What is agile working? Employees will often have overlapping hybrid schedules , in an effort to ensure both collaboration and realestate needs are met. These were linear, strict, and heavily regulated.
Through wayfinding software and integrations, digital displays, and mobile devices, a digital wayfinding system is usually able to provide people (including employees and visitors) a much better user/customer experience. This is typically in an attempt to right-size their realestate portfolios and make them more efficient.
Things you’ll notice in a collaboration space Open floor plans Greater sense of community Face-to-face interaction Unassigned seating Things you won’t see in a collaboration space Structured floor plans Cubicles Feelings of isolation Assigned seating Is a collaborative space the same thing as a meeting room?
Benefits of utilizing an employee badge system There are a variety of benefits you can gain from using an employee badge system and integrating that data into your office space organization and planning. You can also limit or grant access to specific areas with an ID card system, which is helpful with general facility management.
Invest in space management software A key component of sustainable facilities management is maximizing the efficient use of space. Investing in space management software lets you understand how your office space is utilized. Develop a comprehensive plan. Conduct a baseline assessment. Leverage workplace management technology.
What many of these employers are learning is that the same design experts they plan to collaborate with on a major workplace update may also be their best asset for managing the transition. The employer should choose the course that optimally supports workflow and plans for growth, and aligns with the company culture.
What many of these employers are learning is that the same design experts they plan to collaborate with on a major workplace update may also be their best asset for managing the transition. The employer should choose the course that optimally supports workflow and plans for growth, and aligns with the company culture.
Top strategies for hybrid planning How to optimize your realestate portfolios and employee experience in the hybrid workplace. Engage with your remote employees who are tuning in on video conferencing software. Real-time workplace reports and dashboards can give you a better understanding of office utilization.
Insights you can act on See space utilization analytics in real-time and evolve your workplace strategy, improve employee experience, & right-size your real-estate investments with Workplace Intelligence powered by presence data. The post Measuring Efficiency in the Workplace appeared first on OfficeSpace Software.
Of course, this is not the only approach you have at your disposal; you should always enact plans that make the most sense for your unique situation. Embracing flexible work arrangements can lead to substantial cost savings on realestate, which can be redirected towards other areas of the business.
This provided a clear structure for employees to plan their work weeks and ensured dedicated time for focused individual work and collaborative team activities. Investing in video conferencing software, project management tools, and virtual whiteboards helped bridge the gap between remote and in-office employees.
“I was very mission-driven in my job search,” explains Charlotte Jones, a 23-year-old who works at a software engineering bootcamp company in San Francisco. companies planning to implement return-to-office policies by the end of 2024, according to a report from Resume Builder.
Visitor Management Software Get to know Greetly by OfficeSpace. And if the physical hybrid workplace provides a wide variety of ample and well-planned collaborative workspaces , then companies can expect more and better collaboration from everyone, all of the time. This includes insight into the realestate portfolio as a whole.
Save Money on RealEstate You don’t need to maintain an office that will accommodate all of your employees when only 25% to 50% will show up in the office on any given day. What To Look for in a Office Hoteling Software Excited about implementing an office hoteling solution in your workplace?
Juicy salaries and 401(k) matches no longer cut it; according to a study by Clever RealEstate, participants in the “great resignation” took an average pay cut of $8,000. Even the company’s pared-down use of its various realestate investments doesn’t faze its leadership team. Bureau of Labor Statistics reported that 4.5
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