Many businesses are rethinking their office space requirements. Our space rationalisation process is designed to help businesses navigate change with flexibility and get the most out of their commercial assets.
Office space rationalisation involves looking at your current office space requirements and aligning them with your overall corporate strategy. In addition to reviewing operating models, this process combines data regarding space use and occupant sentiment to identify existing inefficiencies in the way a space operates. The purpose of this process is to increase efficiencies with purpose-built environments in order to maximise productivity, creativity and profit.
The rise of remote working has prompted many companies to re-evaluate their space requirements and economic uncertainty has placed greater emphasis on flexibility. While these trends have accelerated due to the pandemic, it is important to note they have been developing for quite some time. Multi-purpose space and flexible working far predate COVID-19, and traditional desk space has been decreasing since the advent of agile working. Different types of businesses are experiencing different growth patterns, impacting the type of space they need and how they use it.
Remote working means lower occupancy levels and the ability to safely distance a percentage of your workforce in an existing space. Some businesses are choosing to remain in their current space, either adjusting for social distancing protocols, re-stacking to facilitate a sublet or retaining workspace for future growth.
Some businesses have permanently adopted remote working strategies and have decided to take less space rather than updating their current location. This allows them to retain office space and the benefits associated with it, while cutting the cost associated with unused space.
Businesses that have the ability to take more space are doing so in order to implement fully socially-distanced layouts. Rapid-growth companies are also known for their space demands, and there are several flexible workplace strategies they can consider to ease growing pains and remain agile.
The eventual move back to the office will require a greater emphasis on core amenity space in order to prompt employees to return. In its absence, the office has further become a symbol of collaboration, culture, and innovation, solidifying its function as a social hub and space for cross-pollination.
The Guide to Space Rationalisation is for businesses that are re-evaluating their space requirements. Whether you’re choosing to update your current space, move to a smaller location or take more space somewhere else, our space rationalisation process is designed to help you navigate change with flexibility and get the most out of your commercial assets.
Download NowIn our latest video our team of specialists discuss how businesses can re-evaluate their commercial space to increase flexibility and space efficiencies with office space rationalisation.
London-based international research data and analytics group YouGov approached us with a need for additional space. They had 27,000 sq ft of London office space and wanted to move to 45,000 sq ft. Our teams went through a workplace consultancy process with them in order to understand how they used their current space, focusing on how much space was being used and at what times of day. This process revealed significant inefficiencies and the resulting space modification and refurbishment allowed YouGov to downsize to 22,000 sq ft, saving £1.2m per year over a new ten-year lease.
Using Space Rationalisation to Optimise Workplace Performance
A detailed look at the space rationalisation process and its benefits.
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