Q3 2024 Global Occupancy Benchmarks Report
The Workspace as a Catalyst: Balancing Efficiency and Employee Experience
As the industry leader in real-time occupancy analytics, Basking is committed to providing the most up-to-date global occupancy benchmarks and insights throughout the year to guide effective CRE strategies for organizations worldwide.
Several notable trends continued in Q3, highlighting the importance of data-driven strategies to balance the competing demands of portfolio management in a new workplace era.
KEY FINDINGS
Potential Impact of RTO Mandates
Peak occupancy was higher in APAC (48%) and LATAM (47%) and frequency was more consistent than comparable offices in Europe and North America, suggesting RTO mandates are more effective in these regions.
Shift in Visit Patterns
Short to medium-duration visits continue to rise globally, signaling the persistence of “coffee badging” and task-specific visits.
Potential for Cost Savings
North American and European offices, often more expensive and requiring additional amenities, offer greater opportunities for rightsizing. This presents a chance to reduce operational costs by optimizing and aligning workspace with employee preferences and work habits.
Get the full report now to understand trends globally and by region, and explore strategic opportunities for empowering CRE success. You can also take a deeper look at how these numbers can inform a utilization-based approach to an efficient and sustainable workplace in our recent webinar with Luis Morejon, MCR, Head of Global Workplace Operations at Uber.
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