High-tech sensors in workplaces, postal-code analysis among tools for real estate strategies.
Driven by persistent return-to-in-person challenges, local companies are leveraging office space data to optimize the physical spaces they occupy.
“With that data, leadership and executives can make very informed decisions to update their current office layout, efficiency, furniture and these types of things.” Analysis employee postal code and commute times is one of the “more popular means” to help employers make decisions on where their office should be located, he added.
Lululemon Athletica is one company that has used postal-code analysis to inform decisions about office space location, according to Rivère. “The interesting thing about Vancouver is a lot of tenants that are in Vancouver, and in downtown already, often will do this analysis and recognize that their employees are splattered all over the Lower Mainland and then recognize that our transit system leads back to the core,” he said.
“We’re seeing 10-year leases being signed.… I’ve got clients where I’ve helped them negotiate a one-year lease three years in a row and then all of a sudden, they’re like, ‘Okay, we know what we need, let’s go and do a five-year deal or a 10-year deal,” he said.
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