Disruption in the corporate real estate market
Leveraging the co-working industry to rethink corporate real estate strategy
Corporate Real Estate (CRE) spend accounts for 12 - 15 percent of an organization’s general and administrative expenses and 40 percent of their balance sheet overall. It costs an organization in the US roughly US$12,000 per year to provision a seat in an office1 (US$25,000 per seat in cities like New York), yet office space utilization hovers around 40 percent2.
REflexions issue 8 - October 2018
REflexions is a bi-annual digest, dedicated to the real estate investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.