Disruption in the corporate real estate market

Article

Disruption in the corporate real estate market

Coworking

Leveraging the co-working industry to rethink corporate real estate strategy

Executive Summary

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.

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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.

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