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    Press Release: 88% of London Businesses are losing out on an average of £190,000 a year by not utilizing their Office Space Effectively

    According to a survey of London-based CEOs, the average days in the office have dropped from 4.2 to below 2.5 post-pandemic, with more than half (54%) of business leaders keen to operate a part-time officer for the foreseeable future.

    With more than a third of these influential leaders (37%) wanting their workforce to be in the office on the same days, it has left millions of offices and desks in the capital empty each week.

    Space32, which conducted the research, is the only marketplace offering part-time hybrid offices. They found that the average number of people working in a London office was 41 and that these workers want 40% less time in the office than before the pandemic.

    According to research and calculations by Space32, 58% of London businesses whose employees are in the office between two to three days a week, are losing up to £190,000 a year by leaving their office space deserted.

    Space32 believe that their ‘Hybrid Office’ model, the first in the UK, is the future of workplaces throughout the UK. It enables two or more hybrid-working businesses to share the same office space, but on different days of the week, allowing staff to come to the office on fixed days.

    The model was set up by seasoned entrepreneur and flexible-working champion, Jon Dweck, who came up with the idea during the global pandemic when he realized that the traditional five-day office week was gone for good.

    Jon Dweck, CEO, and founder of Space32, said:

    The-true-cost-of-empty-offices
    Seasoned entrepreneur and flexible working champion Jon Dweck co-founded Space32 – the first office marketplace for hybrid-working businesses

    “The post-pandemic work from the home policy has left millions of desks throughout London empty during the week and this underutilized space is not being viewed in the correct way by business leaders.

    “Businesses throughout the capital are missing out on hundreds of thousands of pounds in this new era of flexible working and businesses are failing to see this as an opportunity to impact their bottom line.

    “Not only this but the hybrid office solution has considerable environmental benefits and provides staff with consistent working patterns that everyone can build their lives around, while a full office enables leaders to continue to drive collaboration and culture.”

    To help businesses take advantage of their vacant office space, Space32 has created the world’s first automated office marketplace. Those looking for a new office solution can use Space32’s ‘Intelligent Match’ process that will connect hybrid-working businesses to the workspace that’s right for them, saving firms hundreds of thousands of pounds a year.

    Jon Dweck continued:

    “This is not only a chance for business leaders to dramatically reduce costs, but also a chance for them to positively impact their employees’ lives. In this uncertain period, where the cost-of-living crisis continues to impact people across the country, business leaders can pass a proportion of these savings directly onto their employees.

    “As an example, if the average sized London office team of 41 employees is in the office for the average amount of 2.5 days, they could save £153,750 each year by changing to the hybrid office model. Giving each employee a £2,000 pay rise from this additional income to help with the rising costs of energy prices and food would still leave more than £70,000 in savings for the business.”

    Space32 currently has 1,300 office spaces across more than 200 locations in London. For those wanting to search for space and switch to the hybrid model, visit https://www.space32.com/.

    About Space32

    Space32 (pronounced “Space Three Two”) and the ‘Hybrid Office’ model was set up by seasoned entrepreneur and flexible-working champion, Jon Dweck, who came up with the idea during the global pandemic when he realized that the traditional five-day office week was gone for good.

    Space32 helps hybrid-working organizations to find the right space and solution that will nurture a happy culture, support teamwork, and enable growth.

    It is on a mission to help companies and employees across the world to benefit from the new hybrid-working revolution. It is the only marketplace to offer part-time Hybrid Offices alongside full-time options.

    Space32’s ‘Hybrid Office’ model, the first in the UK, enables two or more hybrid-working businesses to share the same office space but on different days of the week, allowing staff to come to the office on fixed days.

    As part of this, Space32 has created the world’s first automated office marketplace, featuring its proprietary “Intelligent Match” process, which takes business and team characteristics and converts them into the right space and solution. Its intelligent online marketplace will match hybrid-working businesses to the working space that’s right for them, saving firms thousands of pounds a year.

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