Fluctuating office occupancy can impact productivity and morale

Reviewing space utilisation ensures effectiveness as well. 

Cost efficiencies and aligning space with evolving business needs are crucial for maximising real estate value, according to Yasas Wickramasinghe, head of Enterprise Clients, Occupier Services Asia.  

He also noted that as organisations determine the optimal physical size for their premises, negotiating flexibility into commercial contracts becomes essential for seizing future opportunities. 

“When thinking about your workspace needs, start by evaluating how much space you actually require and what type would best suit your organisation,” he said. “Next, consider whether an open layout could be more efficient for your team.”

Yasas also added the importance of regularly reviewing space utilisation to ensure it remains effective and meets changing needs. 

In Colliers’ Real Estate Strategies to Accelerate Performance report, it was also highlighted that the most critical aspect of an optimal footprint is the people within it. 

With the rise of hybrid working, some finance teams envision a scenario where physical space is minimised, leading to potential cost savings while allowing staff to work remotely a couple of days a week. 

However, the report also noted that organisations must approach this carefully, as fluctuating office occupancy can affect productivity and morale. 

Forward planning is crucial; for instance, teams can coordinate in-office days to encourage collaboration and build relationships, fostering a more cohesive work environment.