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Occupancy Cost Index 2012 AOS Studley

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IT SHOWS THE COST OF OCCUPATION PER EMPLOYEE IN THE MAIN EUROPEAN CITIES

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Occupancy Cost Index 2012 AOS Studley

  1. 1. OCCUPIER COST INDEX 2012 EUROPEAN OFFICE COST PER FULL TIME EQUIVALENT PER YEAR NOVEMBER 23TH, 2012
  2. 2. Agenda 1 OCI 2012 2 First trends and impressions 3 Quick historical overview 4 Data input from benchmark studies 5 The new norm EN 15221 AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 2
  3. 3. DefinitionOne single figure thatrepresents the median totaloffice cost per FTE per year. AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 3
  4. 4. European OCI 20128.350 €/FTE AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 4
  5. 5. €2.500 €5.000 €7.500 €10.000 €12.500 €15.000 €0 Hungary OCI 2012 Lithuania Romania Poland Latvia Portugal Turkey Estonia Czech Republic Space & Infrastructure Spain Ireland EU Italy Netherlands Germany Belgium People & OrganizationAOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 United Kingdom France ICT Denmark Luxembourg Sweden5 Norway Switzerland
  6. 6. A look inside the AOS Studley OCI Country City Space & Infrastructure People & Organization ICT TotalEU € 4.732 € 1.380 € 2.238 € 8.350Belgium Brussels € 4.123 € 2.080 € 2.966 € 9.170Czech Republic Prague € 3.207 € 781 € 1.468 € 5.456Denmark Copenhagen € 6.783 € 2.235 € 3.381 € 12.399Estonia Talinn € 2.966 € 703 € 1.417 € 5.086France Paris € 7.610 € 1.842 € 2.775 € 12.227Germany Berlin € 4.703 € 1.726 € 2.528 € 8.958Hungary Budapest € 1.952 € 603 € 1.189 € 3.744Ireland Dublin € 3.974 € 1.623 € 2.627 € 8.224Italy Rome € 4.736 € 1.515 € 2.410 € 8.661Latvia Riga € 2.687 € 603 € 1.272 € 4.562Lithuania Vilnius € 2.208 € 538 € 1.135 € 3.881Luxembourg Luxembourg € 8.255 € 1.951 € 2.919 € 13.125Netherlands Amsterdam € 4.521 € 1.793 € 2.629 € 8.943Norway Oslo € 8.806 € 2.498 € 3.696 € 15.000Poland Warsaw € 2.826 € 558 € 1.111 € 4.496Portugal Lisbon € 2.085 € 869 € 1.679 € 4.632Romania Bucharest € 2.788 € 451 € 1.007 € 4.246Spain Madrid € 3.683 € 1.251 € 2.114 € 7.048Sweden Stockholm € 8.666 € 2.232 € 3.190 € 14.088Switzerland Geneva € 9.966 € 2.185 € 3.541 € 15.692Turkey Istanbul € 3.761 € 314 € 898 € 4.973United Kingdom London € 7.484 € 1.242 € 2.159 € 10.885 AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 6
  7. 7. Agenda 1 OCI 2012 2 First trends and impressions 3 Quick historical overview 4 Data input from benchmark studies 5 The new norm EN 15221 AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 7
  8. 8. Major impressions Major cost drivers 1. Size of a workplace 2. Rent 3. ICT 4. Labor cost Cost reduction via 1. Service level reduction 2. Service level harmonization 3. Synergies More outsourcing (broader & deeper) AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 8
  9. 9. After rent prices, labor cost is the second major driver for the office costOCI vs. labour costs (EU=100) OCI Labourcosts EU20015010050 0 Czech Republic Netherlands Norway Portugal Belgium Estonia France Latvia Lithuania Luxembourg Poland Romania Spain Sweden EU Denmark Germany Hungary Italy Ireland Switzerland United Kingdom AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 9
  10. 10. Agenda 1 OCI 2012 2 First trends and impressions 3 Quick historical overview 4 Data input from benchmark studies 5 The new norm EN 15221 AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 10
  11. 11. Building an asset… 2000 2002 2004 2006 2010 First benchmark Benchbase, central Launch Launch Benchbase on Club Financials database in place NL cost index BE cost index AOS balance sheet 800K 1.000.000 5.000.000 11.000.000 19.000.000 m2 GLA m2 GLA m2 GLA m2 GLA AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 11
  12. 12. European OCI 201225 million m² GLA2.820 objects1.021.000 workstations AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 12
  13. 13. Agenda 1 OCI 2012 2 First trends and impressions 3 Quick historical overview 4 Data input from benchmark studies 5 The new norm EN 15221 AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 13
  14. 14. Benchmark studies supply loads of cost data1. Check market conformity2. Identify potential savings3. Justify decisions AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 14
  15. 15. Compare costs with reference group € 500 € 375 € 250 € 125 €0 Site 1 Site 2 Site 3 Site 4 AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 15
  16. 16. We analyze cost and service level data € 500 COST NOMY NESS CLASS LOW ECO- BUSI- FIRST € 375 € 250 € 125 €0 Site 1 Site 2 Site 3 Site 4 AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 16
  17. 17. 3 types of benchmarks to find cost savingsINTERNAL EXTERNAL PLATFORMCompare Compare with Compareown sites similar sites amongst peers AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 17
  18. 18. Agenda 1 OCI 2012 2 First trends and impressions 3 Quick historical overview 4 Data input from benchmark studies 5 The new norm EN 15221 AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 18
  19. 19. 4 Major cost categories for RE and FMSTRATEGIC Facility Management Space & People & Central FunctionsTACTIC Infrastructure Organization Space HSSE Outdoors Hospitality Sustainability ICT QualityOPERATIONAL Cleaning Logistics Risk Workplace Bus. support Identity Primary activities Org. Specific AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 19
  20. 20. Contacts Willem van Ansem Consulting & Technology Email: w.vanansem@aos-studley.nl Patrick Waûters Facility Management Services Email: p.wauters@aos-studley.be AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 20

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