CBRE Acquires Occupancy Planning Tech Firm To Aid Return-To-Office Efforts

The CBRE headquarters building at 2100 McKinney Ave. in Dallas.
The Cbre Headquarters Building At 2100 Mckinney Ave. In Dallas.

As employers look to reinvent their offices to bring people back this year, real estate services giants like CBRE are beefing up their workplace technology offerings.

CBRE has acquired occupancy planning and technology company Buildingi for an undisclosed price, the firm announced Wednesday.

Buildingi provides space utilization data and technology services such as Computer-Aided Design, Integrated Workplace Management Systems and Building Information Modeling to help office occupiers make decisions about the size and layout of their workplaces. Founded in 1994, the company has offices in Bellevue, Washington, and Dallas, plus a service center in Costa Rica, which CBRE will acquire.

The company will now be branded as "Buildingi from CBRE," the announcement said. CBRE plans to integrate the company and its technology offerings into its Occupancy Management team to help clients reimagine their workplaces as they bring people back to the office.

“The COVID-19 pandemic has prompted more companies to reimagine their workplace and occupancy strategies as they look to provide employees with more flexibility as they return to the office,” CBRE Senior Managing Director of Occupancy Management Susan Wasmund said in a release. “Now more than ever, CBRE and Buildingi have a unique opportunity to fill the need in the marketplace by bringing together the best of each organization’s people and services.”

Many companies had been aiming to bring employees back to the office after New Year's Day, but those plans were largely delayed by the omicron variant and the record spike in Covid-19 cases. This latest delay means the uncertainty around office returns, and the efforts from services firms like CBRE to help aid them, will continue well into 2022.

Another major real estate services firm, JLL, teamed up with a tech company last month that aims to improve the experience for office tenants. JLL announced Dec. 14 it invested in and partnered with HqO as a way to offer new services to clients as they bring workers back to the office.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

What's At Stake For CRE In Tuesday's U.S. Midterm

The Data Center Election That Matters Isn't In Congress

TPG, ACORE Raise Billions For Opportunistic CRE Funds

Newmark Cuts Earnings Outlook Despite Record Third Quarter

Battered Mortgage REIT Suspends Dividend To Preserve Cash

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Office Recovery Moving Faster Than Expected, CoStar Finds