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Real Estate Management Needs to Take On Greater Importance In The Public Sector

In a report conducted by Deloitte, “Space Based Budgeting”, the lack of efficient real estate management by the English Government is highlighted.

Recently the public sector has seen cuts, these cuts are changing the shape and trimming down the size of the government leaving nearly 440,000 square meters of workspace vacant, with another 100 square meters expected to become vacant in the near future.

Mike Turley, head of Deloitte’s public sector practice, has even noted that some departments of the government have occupancy rates as low as 40%. Real estate is typically the second largest expense for an organization after personnel but it remains overlooked in many situations. If 60% of government agencies’ real estate is going unused think about the costs that are going into unused assets.

The public sector needs to make real estate management a priority. They can do this by putting real estate management solutions in place to not only measure the usage of assets but also manage resources as well. By making real estate management a priority the English Government will be able to:

  • Reduce real estate costs
  • Consolidate property and real estate to eliminate unused space
  • Reduce energy costs and consumption

Learn more about…

Real Estate Management

Actual Space Utilization

Energy Management

Real Estate Business Intelligence

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