Reports & Outcomes
CoWorkr provides the tools to collect and analyze WorkPlace data. CoWorkr partners with strategists and experts in CRE to help clients derive outcomes from the WorkPlace Data. Outcomes are typically based on the anticipated WorkPlace change such as those associated with a post-occupancy or pre-occupancy move. Example conclusions may be as follows:
+ WORK STYLES, WORKER:SEAT RATIOS, & DEDICATED:FREE ADDRESS RATIOS
+ MEETING & CONFERENCE ROOM SIZING
+ IDENTIFY & ELIMINATE REOCCURRING VACANCIES
+ INTRODUCE ABW OR FREE ADDRESS POLICIES
+ UPDATE FURNISHINGS
+ EXPAND/REDUCE PORTFOLIO
+ DEPARTMENT OR TEAM MOVES
The typical workplace has been changing for decades but most rapidly in the last 10 years. Workplace demographics and flexible work practices are evolving toward a choice in the work environment — allowing workplaces to become more agile. CRE is a companies second largest expense to the workforce, and workstations cost companies $5-18k/desk/year. As a result, companies are looking for ways to maximize workplace efficiency while improving worker productivity.
IN A TRADITIONAL WORKPLACE THERE IS A 1:1 RATIO OF WORKERS TO SEATS. WITH A HOTELING/DESK SHARING STRATEGY THERE IS AT LEAST AN “X”- TO-1 RATIO OF ASSOCIATES TO WORKSPACES WHEREIN THE HIGHER THE VALUE OF “X”, THE MORE EFFECTIVE THE WORKSPACE PROGRAM WILL BE WITH THE PROSPECT OF YIELD- ING BETTER WORKSPACE PERFORMANCE. WITH NO LOSS IN ASSOCIATE PRODUCTIVITY, IT STANDS TO REASON THAT A 2:1 ASSOCIATE TO WORKPLACE RATIO IS TWICE AS EFFICIENT AS A 1:1 RATIO.
The optimization of corporate real estate may lead to cost savings or improved work environments that accurately reflect worker preference and drive increased productivity. CoWorkr provides to tool to help companies measure workplace performance and identify hard numbers necessary to build a case. The following pages are financial assessments based on CoWorkr data:
Financial Services Co.
ABW CALL CENTER
If the number of vacancies confirm the ability to add workers to each floor studied, then the client will not have to lease an extra floor in the building. This will result will be the value of recaptured CRE costs and new CRE expenses mitigated.
Part 1: Department 1 Analysis
(67 desks measured costing company $13k/ desk/ year)
9 Vacancies @ Peak 90 min Occupancy Interval
13% ultimate margin for increase
8 workers can be added to section = $104,000 in recaptured CRE costs
Part 2: Total Floor Plate Analysis
(321 Desks Measured costing co $13k/ desk/ year)
64 Vacancies @ Peak 90 min INTERVALS
20% ultimate margin for increase
64 workers can be added to section = $832k in recaptured CRE costs
Across 4 floors = ~ $3.3M recaptured cost + cost of leasing a new floor
Utilities Services Co.
LARGE FLOOR PLATE OFFICE
Client believes their workplace activity is low enough that they can lease out half of the floor. They have requested a workplace analysis to prove that they do not have the daily attendance to justify the cost of the entire property.
Part 1: Total Floor Plate Analysis
Avg. user ratio = 90: 315 or ~28% Peak occupancy: 44%
Peak event: June 1 @ 10 Am
Avg. # vacancies: 120 : 200
Avg. stay: 112 mIn.
Hotel desks have lowest utilization yet dedicated desks have very low utilization for business group - Peak never exceeds 50% utilization
Average work session is under 2 hours showing desks are not used all day
Part 2: Conference Analysis
Avg.user Ratio=3:16 or 18%
Peak Occupancy: 39%
Peak Day: Thursday @ 22% Avg. Stay DuratIon: 94 mIn
Low user ratio across all rooms
Few 100% seat peaks in any given room
Low number of uses each day in each room
Typical meeting is 3 workers for over 1.5 hours, means rooms are used for collaborative work and not for large meeting
Part 3: Totals/Calculations
315 seats are used less than 50% of time
desk costs company $7k/desk/year
recommendation is to sub-lease out half of floor to new tenant Floor could support a share ratio of 2:1
resulting savings will be at a minimum of $1.1m/year