Dude, Where’s My Cube?

Recently read this fascinating article in the Wall Street Journal talking about some of the changes large companies are making regarding their real estate. Below are some fantastic quotes regarding American Express and their recent real estate transition…

“At American Express, roughly 20% of the 5,000 workers at the company’s New York headquarters are considered “club” employees, who come to the office just a few days a week and set up in unassigned desks. These employees are part of a companywide program called BlueWork, which is intended to spur creativity and save money by doing away with traditional office space.

Susan Chapman, a senior vice president at American Express who is overseeing the redesign, says that studies show traditional office space has a utilization rate of just 50% due to sick days, vacations and travel. That doesn’t count wasted drawer space that holds stacks of old paperwork, cookware, shoes and other personal items.”


Similarly GlaxoSmithKline has been making changes to great success…


“GlaxoSmithKline says it has saved nearly $10 million annually in real-estate costs by gradually shifting 1,200 employees at its Research Triangle Park, N.C., office to unassigned seating. Similar moves outside the U.S. have saved the U.K.-based company some £25 million ($40 million) annually, says Christian Bigsby, Glaxo’s senior vice president of world-wide real estate and facilities.”