Office Space Utilization: The Key to Cost Savings

Office space utilization - cost savings

Office space utilization is a crucial aspect of office management, which involves analyzing and optimizing how space is being used to maximize productivity and minimize wasted space and resources. According to JLL’s occupancy planning trend report, 55% of prominent real estate teams aim to utilize office space between 70-89%. However, the current average utilization rate across various industries is approximately 60%. Regularly monitoring and implementing effective strategies can provide insights into office space utilization. Identifying areas of improvement can lead to cost savings, increased productivity, and an enhanced workplace experience for employees.