Sell for More News is a weekly blog series with interesting information from the world of commercial real estate.
Real estate is going through a tech revolution.
Data is driving a lot of the changes. Where operators, developers, and consultants once manually gathered and interpreted data…companies are now looking at new ways to collect and analyse data with the hope of creating new insights about how space is bought, leased, and used.
Space utilization technology is one of the highest-impact verticals. For example, camera technology that tracks employee movement while blurring their faces, anonymizing the data.
This data can then be used to drastically shrink a business’s real-estate footprint, lowering costs (and environmental impact).
What is the easiest way office users are cutting square footage?
Answer: Moving from assigned desks to unassigned desks, a change that can cut a business’s square footage by 20%.
Ideally, the business would use an app-based system. Some businesses have been able to bring their offices down to 0.65 desks for every person in the office.
Imagine this. You come into the office. You have an app, The app will tell you where your colleagues are located today and show you a desk nearby.
They’re able to get by with so few desks because of travelling or absent employees and because some people would prefer to work away from their desk, instead working in their cafeteria or in other common, collaborative spaces.
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About Beau Beach, MBA CCIM
Beau is a tenacious Commercial Real Estate Broker, author and adoring father of four. His clients appreciate his no-nonsense demeanor and his legendary work ethic.
Beau leads Beachwood which is a commercial real estate broker for sellers in the Nashville, Milwaukee and South Florida markets.
He’s the author of the books The 3 Reasons: Why Most Commercial Properties Don’t Sell and True Wealth: What Every Seller Should Know About 1031 Exchanges.
Beau can be reached at 800-721-3287, click to schedule a call or Beau@BeachwoodSells.com