Real estate is the second-highest expense for most companies, according to a 2005 report byGartner.Other findings include the following:
-- Facility costs can exceed 10 percent of revenue and represent more than 25 percent of fixed assets on companies' balance sheets.
-- Many companies underuse office space by 50 percent or more.
-- Many costs can be reduced by 5 percent to 20 percent per year by using integrated workplace management systems.
-- Implementing an integrated workplace management system can bring rapid payback and double-digit returns on investment.