On a related note, as hybrid work has
persisted in the wake of COVID-19, more
companies have begun embracing the
importance of occupancy analytics, which
allows them to measure, monitor, and
understand how employees use space, so
they can make informed space management
decisions. This requires deploying some
combination of space utilization sensors or
sensorless monitoring solutions like Tango
Occupancy. But while awareness of
occupancy analytics has increased, many
organizations have yet to establish the
systems they need to execute it.
According to Global News Wire, the
occupancy sensor market is projected to
have a compound annual growth rate of
13.4%, which will take it from its current
value of $2.21 billion to $4.14 over the
next five years. As more companies adopt
sensor systems, occupancy analytics will
have greater influence over their
portfolios and real estate decisions
throughout the market.
Organizations will continue working to
optimize their portfolios through hybrid
work and occupancy analytics, and these
ongoing processes will be a key factor in
lease decisions in 2025.
6 Predictions for Lease Accounting and Administration: Prediction #4
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