Hybrid opportunities for real estate portfolio: Cost savings, space conversions, lease reduction

The 2022 Tradeline conference on Space Strategies kick-started space optimization efforts for Fred Hutch Cancer Center, with high-value results including strategic relocations, space allocation policy improvements, space repurposing, and cost savings from lease terminations. What will your Tradeline kick-start look like? Delaney Vavra and Natasha Adams set out space metrics, implementation models, and change management processes leveraging hybrid and remote work which effected thousands of workers and cleared two office floors to be repurposed as laboratory space. They provide key action items for leadership buy-in on space allocation, and next steps that will better align job functions and locations.