The office as we know it is likely to disappear. The new generation no longer wants to work from old-style offices with cubicles and gypsum ceiling tiles. They don’t even want to work from the same place every day. Employees move to different types of spaces depending on the type of work they’re doing. Flexible working practices have gone hand-in-hand with the increasing popularity of open-plan offices where employees often hot-desk or work in Wi-Fi-enabled social spaces within the building. Offices are now mostly open-plan, but also include quiet rooms, team rooms, breakout spaces, video conference rooms and quick-meet areas so there is a balance between collaborative spaces and quiet zones for more focused activities.
Last year, the Financial Accounting Standards Board (FASB) issued new lease standards that will impact every business that rents space. It will take effect on December 15th, 2018 (for public companies) and Dec 15, 2019 (for privately held companies). Leases longer than 12 months will need to be listed on the lessee’s balance sheet as both an asset and a liability. Most offices are under-utilised by 25-30% and many companies are unaware about how and when their employees are using office space. Bottom line, when you start a business (especially a small business with a brick-and-mortar storefront), loans are typically involved. With this change in the FASB rules, rent obligations will no longer be considered an expense reported off the balance sheet. As a result, more companies will struggle to build credit since debt ratios will appear inflated. This will encourage companies to optimize their office space.
With over 40% of office desks unutilised, organisations are struggling to understand how to accurately size up their building portfolios and optimise space for increased employee well-being and productivity. Meet SpaceView by Gooee… it delivers real-time and historical KPI’s on headcount, desk usage and space utilisation. enables a ‘Single-Pane’ view of multi-function sensors via a single platform providing companies with the ability to create an overview of their spaces through a combination of different sensors.