Staff Are Not Cattle: Best Practices For Delivering Space Consolidation And Wellbeing

Executive Summary

Urban rents are soaring, and sensor technologies continue to reveal chronically suboptimal utilization of corporate office space. Real estate executives are therefore consolidating their portfolios without a concurrent reduction in the size of their workforces. Is this good for employee engagement and productivity? This report examines the existing literature, case studies and exclusive data from Verdantix’s 2018 survey of corporate real estate executives to address this question. This report provides directors of real estate, marketing and human resources, as well as software vendors addressing client concerns around space management and wellbeing initiatives, with a framework to think about how to deliver truly smart workplaces that drive engagement, boost productivity and improve tenant experience.