As flex-working increases in popularity, maximizing the potential and effectiveness of office space is a challenge for many companies. To provide occupiers in EMEA and North America access to real-time occupancy analytics technology, Colliers International is partnering with Basking Automation, a Colliers Proptech Accelerator powered by Techstars company.
The market for occupancy analytics in commercial office space is growing rapidly, driven by increasing office densification, poor space utilization and demand for more productive environments. According to Memoori’s estimates, the market is expected to grow to $4.6Bn by 2022, at a rate of 24.5% CAGR.
As partners, Colliers’ experts in workplace solutions and occupier services and Basking – an occupancy analytics platform, providing granular understanding of how space is used – will help clients better plan staff allocation, lease handling and portfolio strategy based on real-time occupancy analytics, artificial intelligence (AI) and Internet of Things (IoT) technologies. Basking’s platform plugs into the existing WiFi infrastructure as a primary data source to provide portfolio-wide coverage within hours, making the solution affordable at a large scale while protecting employee privacy.
Chris McLernon, CEO of EMEA at Colliers International, commented: “This partnership resulting from the Colliers Proptech Accelerator program, is a testament to our commitment to advancing proptech technologies and solutions. Working with Basking through the program, we had the opportunity to test and customize Basking’s offering to add value for our clients by combining a new AI-based occupancy analytics capability with Colliers’ market knowledge and global real estate platform.”
"We are excited to partner with Colliers and provide their clients with real-time occupancy analytics and space utilization insights," said Eldar Gizzatov, CEO of Basking Automation. “As real estate and office managers adapt to the new flexible workplace environment, this partnership will help Colliers’ clients use the data to optimize their costs and create more productive office spaces.”