The smart office perks for real estate

The impact that your decisions as a corporate real estate leader have on the global business results are enormous. Your decisions directly influence the well-being and productivity of all company employees and have a large effect on the companies’ global value. Smart office technologies can help you have a company-wide impact and lift your organization as a whole. Curious? Let’s dive in.

Increasing global employee productivity

Research (Leesman, 2018) shows that only 60% of employees worldwide agree that their workspace allows them to work productively.  

On a day to day basis, employees are often hold down in their productivity by the following limitations:

  • The lack of suitable workspaces that match their goals for the day
  • Insufficient number of spaces to organize quick ad-hoc meetings
  • Spending too much time booking general meeting rooms.

Companies that embrace smart office technologies eliminate these frustrations for their employees. Moreover, they make their employees feel supported and empowered to make their own decisions. This increased sense of autonomy reinforces positivity throughout the entire workday.

Minimizing occupancy costs

Real estate often contains 10% or more of the total costs of a business. If a large part of your portfolio consists of offices in expensive cities like Singapore, Hong Kong, and New York, that percentage could be even higher.

When you succeed to improve the occupancy rates in your offices by one percent the effects can be big.

With smart office technologies, it becomes easier than ever to improve those occupancy rates. With real-time dashboards, you will have direct insights in:

  • Average meeting occupancy during the day
  • Peak occupancy rates
  • Meeting room trends
  • Ad-hoc meeting room demand
  • Number of no-shows
  • Most and least popular types of meeting rooms.

This allows you to identify the following:

  • Potential problems and liabilities for investigation and improvement
  • Potential ‘good practices’ for other offices in the portfolio.

Strengthening company reputation

Certifications are a great way to show your business is going that extra mile for your employees and the environment. In the real estate sector, the two most known certificates are the WELL Building Standard ™ (WELL) and the Leadership in Energy and Environmental Design (LEED) certification. WELL is the leading tool for advancing health and well-being in buildings globally. LEED is the most widely used green building rating system in the world. Smart office technologies play an important role in getting these certificates for your organization.

Making your real estate portfolio future-proof

Your path to future-proofing your organization’s real estate portfolio begins with data. Insights that you gather in your current offices, can serve as insights to improve any office in the future. If you start experimenting and testing now, you can make data-driven decisions in the future.

Winning the war for talent

To be the best company in your industry, you need the best talent that is working in your industry. The retain of talent is a problem for many organizations. In fact, a Condeco study (2019) reveals it is one of the top-3 organizational challenges of modern businesses.

How can you win the best talents over in such a competitive reality? Simply offering the best contracts is no longer enough. The biggest talents today want to work for companies that are innovative and support them in having a productive and positive workday on which they can enjoy collaborating with peers. By implementing smart office technologies that support employees throughout their entire workday, you can improve employee well-being and win the war for talent.  

Find out the potential of smart office technology

As a real estate leader, you are expected to make high impact business decisions on a wide variety of business activities from purchasing and selling real estate to improving your employees’ well-being. The choice to embrace smart office technologies in all your real estate can help you make more informed decisions on all these areas. Contact us today to let one of our smart office advisors help you discover the potential of using smart office technologies in your real estate.