Many businesses are facing an uncertain future and with more staff working from home, the reduction of office space stands out as a good option that can deliver significant cost savings on your business real estate. There are many ways space can be reduced, and the options will depend on whether you rent or own, and how permanent you want the change to be. Here are some options our clients have considered:
- Invite in a business partner, an academic collaboration, or even a client to share the space and the cost of rent
- Open up some space for co-working, start- up incubation or spin-out (all under your own control)
- Outsource certain functions so you no longer need the office space (because you’ll no longer need the employees)
- Return some office space to your landlord
- Sub-let some office space
- Temporarily close off one or more floors or zones
Decisions around the workplace must be made based on clear data and analytics.
How do you find the answers?
Unispace has developed a WorkReady survey that allows you to measure employee sentiment on issues such as wellbeing, culture, productivity and remote working. The data will assist you to make more informed decisions about how and where your people will work, and how much space you really need to ensure your workplace is fit for purpose now, and in the future.
View the webinar. See how a Health Insurance client, informed by data from our WorkReady survey, has been able to consider multiple cost-saving options for their new workplace, including the return of a whole floor to their landlord - potentially saving them millions annually.