Companies that are saving on their corporate real estate footprint can invest savings in their digital workplaces or in making their offices more appealing for hybrid workers. It makes sense the real estate tech sector is booming, with VC funding up 28% in 2021 (to an impressive $32 billion). Corporate real estate disruptors offer companies apps to manage their global workspaces, book meeting rooms and give you all the data you need to optimize your use of space over time. Luckily, a thriving startup scene has sprung up, ready to help companies meet the challenge. So, if, say, your company has a monthly all-hands meeting, but otherwise works remotely, you no longer have to splash out for a space that fits everyone but sits empty for most of the month.Īsset management in the sharing economy is going to take some significant digital power. Office hoteling (also known as hot desking) allows companies to rent the office space they need on any given day, along with all the corresponding facilities. And companies are no longer restricted to simply reducing rental costs by leasing smaller offices. The asset-light approach to office space is predicted to grow to $13.03 billion by 2025, with a CAGR of 12%. Small wonder, then, that the global coworking space is booming. In other words, rethinking its approach to asset management using digital tools could save the bank up to 40% of its real estate costs.įlexible Work Calls For Flexible Office Space This will significantly reduce our need for real estate.” As a result, for every 100 employees, we may need seats for only 60 on average. We will quickly move to a more 'open seating' arrangement, in which digital tools will help manage seating arrangements, as well as needed amenities, such as conference room space. “Remote work will change how we manage our real estate.
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