There are many circumstances which lead to organisations reducing the SQ FT of their space, but the underlaying theme driving the shift is space and cost optimisation. Second only to employee wages, for many organisations the costs associated to their workspace is the highest ongoing expense they face. Ensuring a return on your company’s highest investment is crucial if your long-term objective is to grow and gain competitive advantage.
As more organisations embrace a flexible and hybrid approach to working, the need for extensive fixed and own workstations decreases. As employees attend the office for meetings, project work and to connect with colleagues, there has been a shift in demand for more spaces that support collaborative work, remote teams and those seeking socialisation during their working week.