I’ve been talking to industry experts about how Corporate Real Estate (CRE) leadership can partner with workplace project leaders to support efforts to right-size lease spaces, reduce costs, and increase user satisfaction. Here is a brief summary of what people are telling me:

Technology Integration and Space Utilization Analysis: Workplace Project Leaders are collaborating with CRE directors to offer data and insights. They’re aiding CRE professionals in adopting technologies like digital twins and smart building solutions, fostering thorough space usage analysis. Workplace project leaders are expanding their services, working with CRE leaders to deploy technologies for workplace data collection and analysis, informing strategic decisions.

Strategic Real Estate Portfolio Management: With over 70% of employees working remotely part-time and utilizing the hybrid model, CRE leaders aim to lower occupancy costs and optimize capital expenditures, cultivating a high-performing real estate portfolio for hybrid work. Workplace project leaders are often partnering with CRE directors to align real estate and workplace strategies, ensuring flexibility and resilience.

Environmental, Social, and Governance (ESG) Considerations: CRE leaders emphasize ESG’s role, especially in employee well-being and environmental sustainability. The workplace project leader is key in incorporating ESG into the workplace strategy, fostering a healthy, sustainable environment, and enhancing employee experience and retention. Project leaders are vital in weaving ESG into the workplace, promoting sustainability and addressing employee wellness and safety.

Let’s discuss these areas of partnership and mutual support:

• Data-Driven Decision Making: The use of technology to collect and analyze real estate and workplace data for informed decisions.
• Adaptability and Resilience: Strategies that can make the workplace and real estate portfolio adaptable and resilient.
• Enhancing the Workplace Experience: Ways in which workplace design, planning, and management will be optimized for the workforce’s needs.