Cutting Expenses With Vacant Office Space

FacilityExecutive Magazine April 2023 had a sobering prescription for corporate real estate executives faced with excess office space, employees not expected to return to the office, a looming recession and in general no expectations that the vacant space will be occupied anytime soon. “To begin with everything must be on the table: Restack office space, close unneeded floors n facilities, close underutilized facilities, and merge or combine departments into shared or flex spaces. This will reduce the amount of space needed to be managed and serviced. Lower the firm’s carbon footprint and energy consumption, focus the FM’s (Facility Managers) load on managing facilities that are 50% occupancy or less, and help manage security requirements by reducing the number of floors being utilized for operation.” For the entire article please go to https://facilityexecutive.com/magazine