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CRE professionals agree that there is widespread rightsizing of portfolios occurring that is resulting in space reduction, the shedding of excess or inefficient space to cut costs, as well as ongoing efforts to reposition existing space so that it is more functional and valuable in attracting and retaining talent. However, what used to be a fairly straightforward exercise of analyzing space needs around occupancy has shifted more to space utilization. With business models changing, real estate portfolios must change as well, or else be left with stagnant buildings that may prevent your business from flourishing.
Keywords: Portfolio Optimization, EY, Locatee, Unispace, Cushman & Wakefield, Future of Work, Hybrid, Portfolio