How to choose the best office space in your city
Optimizing your office space can help you save money and improve your productivity, a new study suggests.
The report, released Wednesday by PricewaterhouseCoopers and consulting firm KIA, says cities that have more efficient office space are more likely to have lower energy costs, lower property taxes and lower health care costs.
A number of cities in the U.S. have adopted “Optimization Policies” that encourage companies to make energy-saving improvements, the study found.
The goal is to reduce the amount of energy that needs to be used to run the office, and to do so in a cost-effective manner.
The policies typically include reducing energy usage, improving the efficiency of buildings, installing more efficient lighting and insulation, installing air conditioning, and installing energy-efficient technology in offices.
The goal of these policies is to save money by reducing the amount and intensity of energy use in an office, the report said.
“These policies can be effective at reducing energy use and saving money,” said the report’s author, David T. Cappelli, a professor of economics at the University of California, Berkeley.
The study also looked at how well states that adopted Optimization Policies performed on a number of key measures.
“Optimal Capital Structure” was a ranking of the most efficient capital structures in each state, based on energy use, energy efficiency and energy efficiency savings, and overall property tax revenues.
“Constrained Optimization” was the ranking of cities with a minimum number of office spaces required to accommodate the maximum number of workers, the number of staff, and the number and density of offices needed to achieve the maximum savings.
The top 10 best-performing states were also among the states with the highest percentage of office space requirements in the top 10, with states with a maximum of 5 percent of office housing required to support a maximum number 5 percent workers and a maximum density of 5 workers per square foot.
“State-wide energy savings have not been particularly strong, but the results indicate that this is the most economically attractive strategy for achieving these goals,” the report found.
The five states that ranked lowest on both of the Optimization Policy rankings are New York (No. 8), Connecticut (No