RESIDENTIAL PROPERTY
COMPANIES need to address the US$400 billion of waste expected to occur in commercial real estate in 2023, due to office underutilisation...
Office space globally was used just 30% of the time in the second quarter of 2023, this is just three percentage points more than during the first three months of...
The latest Workplace Utilization Index (WUI) from XY Sense, an actionable occupancy intelligence platform for corporate real estate teams...
“While individual companies may see increases in office attendance and utilization, it’s clear that most businesses won’t see a return to pre-pandemic...
“This stabilization should provide a degree of comfort when planning changes to office portfolios. We’ve reached a new normal. The question is...
The report also showed changes in workers’ activities while in the office. There was a significantly higher utilization rate for collaboration spaces in...
Alex Birch, co-founder and CEO of XY Sense, said the findings compound the need for companies to address the “incredible” amount of waste occurring in...
“With global annual expenditure on office buildings at US$583 billion-plus and office utilisation remaining steady at about 30%, we’re on track to...
“Additionally, utilities and other services for unused space create billions of tons of unnecessary carbon. Understanding how your office space is...