Mr. Walker developed the cornerstone to the technology, the original space optimization algorithms, as he knew inaccurate space projections wreak havoc on real estate transactions.
He noted, “If space projections are overestimated, then tenants pay more than they need to for real estate and potentially ideal locations are never considered because of insufficient space. Underestimated space projections cause brokers and tenants to expend a lot of time and energy considering locations that ultimately can’t fit their needs. The transactions stall as alternate locations need to be added and original budgets need to be re-established.”
He continued, “What makes correct sizing of office tenants more difficult to solve is that there’s no guarantee that the space planner/architect is going to design an efficient plan. A space planner that doesn’t spend the necessary time, or lacks the expertise, to develop an efficient office design dismisses otherwise accurate space projections.”
When combining these tools, SpaceLogik has uncovered a universal oversizing of office tenants.
In 2021, Mr. Walker added other tenant tools including automated construction budgeting, automated space programming that uses predictive analytics, and an online landlord bidding system that increases transparency and eliminates conflicts of interest that sometimes exist in building selection.
Reducing your corporate footprint by 15% may be the strongest environmental statement a company can make. Properly sizing your office reduces the construction materials to build it, as well as the energy to heat, cool, and light the space. You’ll significantly reduce rent and occupancy expenses and reduce your environmental impact. Save money while saving the planet.
Discover how SpaceLogik will help you to find, design, and move into your best new corporate office space.
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