Cushman & Wakefields Office Market Snapshot Q3 2016 shows Prime Office rents across the UK range from £22 per SQ. FT. Per Year in Newcastle to £120 SQ. FT. Per Year in London’s West End. Prime office stock in London and in regional business hubs remains in high demand and shows further forecast growth over the next 5 years.
Commercial Real Estate is one of the largest overheads on an organisation’s P&L so how do you ensure your physical space is fully optimised and utilised by your staff, your customers and your partners?
A recent Mckinsey study found that organisations using data-driven-decisions were “5% more productive and 6% more profitable than their competitors”
Companies that have embraced big data analytics are gaining a signiﬁcant edge over competitors: they are two times more likely to be in the top quartile of ﬁnancial performance within their industries. Embracing data-driven decisions, today’s winners are using analytics to transform their real estate portfolios from a corporate expense into a strategic asset.
NetTranslate’s Digital Real Estate Utilisation Managed Service can provide you with the insight you need to understand the use of your existing workspace and ensure you and your staff are getting the most from it.
Built on sophisticated data science, NetTranslate’s Digital Real Estate Utilisation service delivers highly accurate, granular monitoring alongside predictive insights to empower today’s CRE leaders to unlock opportunities within their real estate portfolios
Utilising Riﬁniti’s sophisticated data science and machine-learning algorithms, we process data readily available from your existing infrastructure. Our service uncovers the rich insights allowing you to translate data into savings and more productive, effective and continuously improved workspaces.
Data sources can include several relevant existing systems from within your environment depending on level of service, duration, cost and outputs required.
Security and data integrity
Before being transferred to our analytics platform, data is stripped of any personal identiﬁable information (PII) and all key identiﬁers are hashed. All data is encrypted in transmission and at rest.
Our Digital Real Estate Utilisation Assessment can reveal several data driven decision KPIs on an ongoing basis including:
- Average and Peak utilisation v’s design capacity
- Underutilisation v’s congestion
- Departmental collaboration and interaction
- Meeting size, frequency and duration
- Departmental utilisation, mobility and attendance
- Actual meeting room use v’s reservation
Our digital real estate utilisation service is also available as a managed service offering continuous assessment of your real estate utilisation using your existing digital assets and systems to help you optimise and right size your existing property portfolio. A