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Your Office Could Be Costing More Than You Think
When organisations think about the cost of commercial property, they often focus on one number—the rent. In reality, rent is only one part of the picture.
Utilities, service charges, maintenance, compliance, facilities management, repairs, workplace technology, employee experience and operational efficiency all contribute to what is known as the total cost of occupying a building. Small inefficiencies across these areas can quickly become significant financial and operational burdens.
Many organisations also inherit workplace arrangements that were designed years ago, despite their business changing considerably. Teams have grown or reduced, hybrid working has become commonplace, technology has advanced and customer expectations have evolved. Yet the workplace often remains unchanged. This creates an important opportunity.
By reviewing how property, workplace design and facilities management work together, organisations can often reduce unnecessary costs while creating environments that better support collaboration, productivity and employee wellbeing.
At Myfm, we believe better property decisions begin with better business conversations. Before considering leases, suppliers or office layouts, organisations should first ask what their business is trying to achieve and whether their workplace is supporting those objectives.
The result is often more than cost savings. It’s a workplace that becomes a competitive advantage rather than simply another business expense.