Real estate is one of the most significant expenses related to a physical workspace. People need a place to work, and it has always been up to the employer to provide a space. In expensive cities, renting office space is a significant expense; until now, there hasn’t been any way to get around it.
As companies switch to hybrid, they can often downsize their physical office space, sometimes up to half or more. This is because every employee no longer needs a dedicated workspace, as they can share time between working remotely and in the office. To help streamline this process, businesses can user intuitive software such as
inspace to manage bookings and gain insights through advanced reporting and analytics.
Aside from rent, there are other expenses you will save on as office size decreases. You’ll pay less for utilities and parking with fewer employees in the office. Even savings on company-provided perks like snacks and drinks in the break room will add up over time.