Identifying cost savings measures at HQ to align with CFO mandate.
$715K annual cost avoidance by exiting or subleasing unutilized spaces.
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.
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.
Headquarters saw 5% average capacity usage, peaking at 25%.
Identified opportunity to reduce HQ operating footprint by 75%.
Achieved $715K annual cost avoidance by exiting or subleasing unused space.
Occupancy intelligence provided the confidence needed to make impactful changes.
Occupancy intelligence enables workplace leaders so they can understand the true capacity of their offices and support more employees without impacting experience.
By understanding the number of people at the building and floor level within a given timeframe, workplace leaders can understand how actual usage compares to capacity and stated office policies to identify and shed underutilized spaces or make updates to office policies.
By understanding peak or average person count, workplace leaders can make decisions about expanding or shrinking portfolio footprint to accommodate actual space usage.
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.