<aside> ‼️ Work has changed. The workplace hasn't. Until now.
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Isolated, commercial real estate suffers from fluctuating capacity needs. In the course of a week, buildings change from being empty to overfilled, forcing companies to rent more fixed office space to handle peak utilization or suffer crowded offices.
However, when combined, there is a surplus of space. It is estimated that 50% of all commercial real estate is vacant or unused at any given time. Because this space is not made available for others, it is necessary to continue constructing new buildings to meet market demand.
According to the IEA and UNEP, buildings account for more than one-third of energy use and CO2 emissions worldwide.
The World Economic Forum forecasts that 540 million square meters of new office space will be required by 2030.
An astounding 50% of all office space is estimated to be vacant or unused at every given time.
In the 18 and 1900s, factories defined the centralized workplace. The dependence on machines, materials and assembly lines required workers to all show up at the same location at the same time.
Since then, the world has changed, but the centralised workplace has pretty much stayed the same. Companies continue to build big headquarters, increasingly misaligned with the reality of modern work.
Despite measures like free seating and clean desk policies, the physical building's limitations are inevitable, and the traditional headquarter tend always to be suffering from either overcapacity or undercapacity.