REAL ESTATE OPTIMIZATION INVOLVES CREATING A BALANCED ECOSYSTEM OF SPACES MAXIMIZE SQUARE FOOTAGE.

The rising cost of real estate, combined with increased mobility and focus on collaboration, has resulted in the average workstation footprint shrinking rapidly and has spawned a trend towards workplace space optimization. This trend shows no sign of stopping—according to a survey conducted by Steelcase and CoreNet Global, 80% of organizations surveyed expect to reduce their space per employee by an average of 10%.

The key to resilient real estate is to embrace real estate optimization as a means of reallocating space to support your organization’s unique strategy and culture. Organizations are embracing optimization and fostering collaboration by designing spaces that support interaction. Traditional private offices may be reduced or eliminated in favor of project team rooms, work cafés or informal collaborative spaces. Or in the case of a mobile workforce, replacing resident workspaces with space-saving benching or touchdown stations.

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Treat your real estate like an asset: rethink and maximize your office space to give people more choice and control over how they work. In a Steelcase/CoreNet survey, 57% of companies say they reconfigured individual space to accommodate team spaces, and 41% say they created cafés, meeting spaces, and other alternative workspaces.

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