After a year of working from home, you may be ready to say goodbye to some of your office space. And you wouldn’t be alone. According to a survey by Cisco System, more than half of responding companies intend to shed square footage now that they’ve embraced remote working.
The poll, which surveyed 1,569 executives, knowledge workers, and other professionals responsible for choosing corporate spaces, found 90 percent of respondents don’t expect to return to the office full time.
Under this new normal, your 100,000 square feet of primetime office real estate is an unnecessary burden on your budget. It’s time to downsize to fit a new era of work.
Downsizing Will Reduce Your Overhead Costs
Commercial real estate is expensive no matter where you set up shop, but it can be a major drain on your budget if you lease property in the heart of your city’s commercial core.
Next to location, size is another factor that drives up your costs. Typically, your lease is determined by square foot, so the more space you have, the more you’re going to pay.
Downsizing will help you reduce these overheads. Not only will you reduce what you pay in rent, but a smaller space also comes with less expensive bills and upkeep costs.
It’s an Opportunity to Do Some Good
The old chairs, desks, and partitions that fill your sprawling, downtown office space won’t fit in your smaller space. As junk headed toward the landfill, the country’s excess furniture (or f-waste) equates to 8.5 million tons of waste and roughly $750 million in tipping fees each year.
But when you handle it properly, it represents a financial, social, and environmental opportunity for your business. After selling items to generate revenue, you can donate any remaining furniture to charities and non-profits.
By outfitting charitable organizations with your used office furniture, you’re giving them the tools they need to provide essential services to your community. It’s also an excellent opportunity to create good news stories for your blog at a time when the world could use a little positivity.
If you don’t have a connection with a local charity, a sustainable office decommission firm can help find the right organization for your items and interests. These firms offer turnkey services that coordinate every step of your office decommission. They’ll even show you how to recycle old office equipment that can’t be sold or donated.
You’ll See Your Productivity Soar
Before COVID-19 forced many industries to work remotely, it was commonly believed people working from home didn’t actually work. Many companies were hesitant to embrace flexible work-from-home policies because they were worried productivity levels would plummet.
But the pandemic has shown teleworking hasn’t deterred the average person’s productivity. In fact, the BBC reports remote working boosted output by 13 percent.
It’s also important to note that you will still have an office space, albeit a smaller one. Once shelter-in-place orders lift and it’s safe once again to go into the office regularly, you’ll have a space for things that need to happen in-person. Interviews, onboarding, and hands-on training can happen in your smaller office space while the rest of your workforce punches in remotely from home.
These are some of the benefits to scaling down your office space. Keep them in mind as you make the hard decision to move to a new location. While COVID-19 has delivered some challenges to your business and the economy at large, your need to downsize comes is an opportunity, not a hardship.