The way organizations use their office space has changed, and as a tenant, it’s imperative for you to factor in these changes and start making plans for your next commercial lease.
Common questions to ask when your lease expiration is coming up:
- How will my workforce want to use the office?
- Should I renew my current commercial lease?
- Do we need to downsize our office space?
How much productivity is gained through a better designed office environment?
3% employee productivity gains averages greater than 9X ROI year one.
How much optimized utilization of shared space occurs?
5% optimization in workstation use yields 4X ROI year one.
How much can I mitigate financial exposure to unproductive real estate?
Average reduction of 15% yields 25X ROI over five-year lease term.
In order to make smart decisions when facing lease renewal or lease restructure, it’s important to understand trends in the workplace as well as utilizing sensor technology data that reflects the evolving needs of your workforce. Actionable data is the key to making sound decisions that could very well save a substantial sum while helping you choose office space that best suits your business needs.
Optimizing the needs and space requirements of your office will save your organization tens of thousands of dollars over the life of your lease, as well as improve overall productivity. 4SITE sensor technology will ensure your business matches your needs with the appropriate space, eliminating unnecessary square footage and costs.