New research finds $977B of wasted space in office buildings

Businesses in the Asia-Pacific region could realize savings of up to USD 977 billion in reduced rental costs alone if their office buildings were refurbished to the most efficient standards of today, according to new analysis from Philips Lighting, a global leader in lighting.

The findings, released by Philips Lighting in conjunction with World Green Building Week, show the impact that could be made on rents across the world’s offices if business owners replicated the efficient usage of space achieved in a leading green building. Deloitte accomplished a 50 percent reduction in space required per employee in The Edge building in Amsterdam, compared to its previous premises The Chrystal Tower, through effective use of smart technology. This was achieved whilst improving employee well-being.