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Case Study | Portfolio Evaluation

Fresenius headquarters consolidation

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Challenge

Consolidating headquarters buildings without negatively impacting employee experience.

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Impact

Saved $6M annually in lease avoidance, $60M in total over 10 years.

Objectives

Fresenius wanted to consolidate their North American headquarters buildings to reduce costs, but didn’t have the data to confidently make a decision. Manual observation studies and feedback from department leaders weren’t effective or reliable data points to support decision making.

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Solutions

VergeSense insights helped Fresenius optimize their headquarters by revealing that one building had only 20% space utilization. This data-driven decision avoided a costly lease renewal, saving $60M over 10 years, while ensuring the space remained efficient and employee experience was unaffected.

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    Ineffective Space Utilization

    Only one of the two headquarters buildings was efficiently used, the other was at 20% utilization.

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    $60M Lease Avoidance

    By giving up the lease on the underutilized building, Fresenius realized significant lease savings.

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    Data-Driven Decisions

    Leaders could feel confident in making the decision to surrender the lease after reviewing the low utilization rate.

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    Positive Employee Experience

    Feedback confirmed no negative impact from space consolidation.

Benefits

Occupancy intelligence delivers powerful insights to 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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People count

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. 

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Peak & average person count

By understanding peak or average person count, workplace leaders can make decisions about expanding or shrinking portfolio footprint to accommodate actual space usage.

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.