A string of cubicles in an office skyscraper? Or a connected web of workers operating remotely using laptops and cell phones and meeting in a virtual 3-D world?
Even as the office market enjoys a rebound of leasing activity, some businesses are giving landlords the shivers by figuring out how to use less space per employee.
Highlights of a recent global study examining the operational characteristics and efficiency of large corporations to better understand the correlation between a CRE organization’s tactics and strategy, and the resulting efficiency of their portfolio.
Their strategies are not earth-shattering—recasting leases, utility cost reduction, alternative workplace strategies, dispositions of excess properties—but it’s hard not to be impressed by some of the savings totals, in the tens of millions of dollars.