Big Data Can Prove Whether Open Office Works

We snapped Innovation Places’ Curtis McLean and Siobhan Harold Fink on a visit to our offices recently. These folks are working to take the mystery out of how corporations should set up office space and manage their portfolios of properties. Corporate real estate execs have been making decisions based on hunches and trends: whether to go with an open workspace or traditional office, whether to consolidate employees or spread across multiple locations. Innovation Places, though, taps a company's own data to track worker productivity and see what's really working. Though companies tend to look at short-term real estate solutions to save money, Curtis says, the work done within a building is worth 20 to 30 times the cost of the real estate.

Innovation Places' tracking of one client's three-month transformation from a siloed workspace to an interdisciplinary one is charted above. The startup began as an internal project for Pfizer’s Global Operations Center for Excellence, and then the project team decided to strike out on their own. Now, the six Innovation Places principals operate from offices in Shelton, Conn., Paris, and London, advising clients from small shops to Fortune 500s.

Continue reading this story with a free account

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

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

How Long Island Projects Can Cut Through Red Tape And Community Opposition To Cross The Finish Line

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets