From rising real estate costs and focus on more collaborative work, to an increase in distributed teams in a post-COVID world, many organizations are choosing to adopt real estate optimization strategies.
If you've stumbled across this article, you're probably wondering, what exactly is real estate optimization and how can it help me rethink my workspace?
While the answer isn't so simple, your partners at Egyptian are here to help understand you what real estate optimization is and how it can help you shrink your real estate footprint and amplify the performance of your people.
What is REAL ESTATE OPTIMIZATION?
Real estate optimization is making effective use of commercial real estate to maximize square footage, reduce overhead costs and increase efficiency and productivity. If you’re paying for an office space that’s too big or unused, that’s not real estate optimization.
The key to real estate optimization is to embrace and build a resilient workplace to support your organization's unique strategy, core purpose and culture. Most importantly, you should also focus on your people.
According to Steelcase, researchers define resilience as the ability to adapt to changed circumstances while continuing to maintain core purposes and integrity. To put it simply, it's not just about making things smaller, but better.