Hybrid vs On-Site:

How Much Square Footage Does Your Company Need

On-Site Square Footage Calculation:

An easy calculation for traditional office space is 150 square feet per employee for mostly open space and 300 square feet per employee when a space has a majority of offices. Most tenants fall somewhere in between.

On-Site Example: 30 Employees x 225 square feet per employee equals 6,750 square feet

Hybrid Square Footage Calculation:

Tenants implementing the Hybrid model can have a cost savings up to 50% but typically it will be around 25% or less. Simply put, you have to lower the employee to desk ratio through office hoteling, hot desk or 100% remote.

The typical employee to desk ratio is .8 to 1.0. To achieve cost savings you will need to be between .3 to .7 in the Hybrid model.

Hybrid Example: 30 Employees x .5 employee desk ratio x 225 square feet per employee equals 3,375 square feet or 50% Cost Savings

Tenants must look at office space from a different perspective. Tenants need to make the “office space” more of a “cultural space” or a “collaboration anchor”. A company's culture will most likely determine whether the office environment is On-Site or Hybrid. 

Quick Note: This is only a guide on size of space needed. The space you will be leasing is based on what is available in the market place. 

The goal is to create a dynamic workplace that promotes productivity, fuels creativity, and truly fits your company’s culture.

On Site Recommendations:

·         Most employees have enjoyed the opportunities for non-work-related rituals such as exercise, cooking, being with family, walking the dog.  You can still have those rituals with full on-site and hybrid model.

·         Make being on site better

·         Changing “the office” to a “cultural space” or “collaboration anchor”

·         Enable learning

·         Greater demand for collaborative space & amenities

·         The right balance of open and privacy

·         The true value of collaboration

·         On Site but not locked in your office

·         Increase and improve work production

·         Employee retention/recruiting

Hybrid Recommendations:

·         Employees must be willing to make trades for working at home

·         Lockers are a good efficient use of keeping some personal belongings at the office.

·         The flexibility of working from home more important than having a dedicated desk or office

·         If you don’t work more than 2 days in the office then you don’t get a dedicated office or desk

·         Booking systems can help manage the hybrid model. 

·         Increased flexibility and work-life balance for employees

·         The ability to attract and retain top talent

·         Access to a wider pool of talent

·         Increased employee engagement and job satisfaction

·         Potential for improved productivity and performance

·         Do you need all of those conference rooms that are used less than 50% of the time

·         Technology can keep us connected but hard to mentor employees remotely

·         Establishing a routine and consistency

·         Off site meetings

·         Tenants can also save by reducing the size of conference rooms, huddles, and break rooms.Hoteling desk, hot desk and booking systems can create efficient use of desk space vs having unused desk space. 

Office lease negotiations can be time consuming, complicated and overwhelming for some tenants.  LeaseWithEase can assist you in every step to make the process quicker, less complicated and not overwhelming.

LeaseWithEase specializes in representing local and regional tenants. Negotiate with confidence while saving your company time and money. If your lease is expiring in the next 6-12 months, the time is now to start your search or lease renewal.

The search is free and quick.

Note: Gross rents will vary from month to month and LeaseWithEase always uses real time data.

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