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Business Property
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Recent studies have shown that business do not use their business property to it's maximum potential.(1)
This was quantified for UK business as up to £18 billion every year, a sum that could represent an increase in trading profits of 13%.
Despite these statistics and the fact that business property usually represents the second largest cost to an organisation after wages many businesses do not have any form of accurate assessment as to their real estate costs.
But all is not lost. There are some simple steps that can save considerable sums including making a better use of space, hot desking and reducing facilities management costs.
(1)"Waste of Space" - RICS
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