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Case Study | Portfolio Evaluation

Global food manufacturer headquarters consolidation

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Challenge

Identifying cost savings measures at HQ to align with CFO mandate.

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Impact

$715K annual cost avoidance by exiting or subleasing unutilized spaces. 

Objectives

Faced with a cost-savings mandate from its CFO, a food manufacturer was considering shedding shedding from its 42,000 sq. ft. Chicago HQ. They turned to VergeSense to better understand their attendance and space usage trends.

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Solutions

VergeSense Strategic Advisory Services uncovered significant space inefficiencies at a company's Chicago HQ, leading to a substantial reduction in operating costs. A six-month study revealed minimal space utilization, empowering the company to downsize and achieve substantial savings.

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    Understood capacity usage

    Headquarters saw 5% average capacity usage, peaking at 25%.

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    75% footprint reduction

    Identified opportunity to reduce HQ operating footprint by 75%.

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    $715M annual savings

    Achieved $715K annual cost avoidance by exiting or subleasing unused space.

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    Data-driven decisions

    Occupancy intelligence provided the confidence needed to make impactful changes.

Benefits

Occupancy intelligence enables workplace leaders so they can understand the true capacity of their offices and support more employees without impacting experience. 

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Platform features

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Empowering your workplace team with confidence

No matter the challenge, we’re here to support you every step of the way. Our dedicated team ensures you have not only your workplace data but also the latest industry trends and global insights. With us by your side, you can make informed and confident decisions to enhance your workplace experience.