Tuesday, October 11, 2022

Unused office space cost a pretty penny

Unused office space cost a pretty penny

Why it matters: It likely won't surprise you to read that Fortune 500 companies are hemorrhaging millions of dollars on unused office space as many people continue the pandemic-induced trend of working from home. But a new study of 2,000 spaces over a period of 502,000 combined working hours suggests there is more than $25 million in annual spending on real estate that is sitting idle. Companies have been endlessly wringing their hands to find the best model for productivity, but the conversation may need to shift to financial viability.

Full Story: Fast Company (tiered subscription model) (10/11) 


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