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.

Solutions

The VergeSense Strategic Advisory Services team conducted a six month usage study which revealed a 5% capacity usage rate, with peaks of 25% capacity usage. The data showed that the company could operate with far less space.

Occupancy intelligence gave them the confidence to reduce their HQ operating footprint by 75%, equating to $715K annual cost avoidance by exiting or subleasing unutilized spaces.

Use Cases

Portfolio Evaluation
Industry

Consumer Packaged Goods

Results

The team reduced their operating operating footprint at their HQ by 75%, yielding $715K in annual cost avoidance by exiting or subleasing underutilized space.

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Global food manufacturerreduces headquartersfootprint by 75%

Challenge

Solutions

Use Cases

Industry

Results

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Global food
manufacturer
reduces headquarters
footprint by 75%