Office Buildings
The office building is a visible manifestation of a major shift in work patterns that has happened during the previous century. In the United States, Northern Europe, and Japan, at least half of the working population is employed in office settings, compared to 5% before the turn of the twentieth century. However, owing to the current epidemic, today’s office buildings are undergoing even greater transformation. With new needs and expectations that mix physical spaces with digitally assisted methods of working, in the office or remotely, the workplace is becoming a location for collaboration, talent recruitment, onboarding, and inspiration.
A typical service organization’s life-cycle cost distribution is 3-4% facility, 4-4% operations, 1% furnishings, and 90-91% compensation. If the office structure can leverage the 3-4% investment on facilities to boost workplace efficiency, it may have a significant influence on staff contributions, which account for 90-91% of the service organization’s expenditures.