aos studley - occupier cost index - 2012

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OCCUPIER COST INDEX 2012 EUROPEAN OFFICE COST PER FULL TIME EQUIVALENT PER YEAR NOVEMBER 23 TH , 2012

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Page 1: AOS Studley - Occupier Cost Index - 2012

OCCUPIER COST INDEX

2012

EUROPEAN OFFICE COST PER FULL TIME EQUIVALENT PER YEAR

NOVEMBER 23TH, 2012

Page 2: AOS Studley - Occupier Cost Index - 2012

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

2AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012

Page 3: AOS Studley - Occupier Cost Index - 2012

Definition

One single figure that represents the median total office cost per FTE per year.

3AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012

Page 4: AOS Studley - Occupier Cost Index - 2012

European OCI 2012

8.350 €/FTE

4AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012

Page 5: AOS Studley - Occupier Cost Index - 2012

OCI 2012

5AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012

€0

€2.500

€5.000

€7.500

€10.000

€12.500

€15.000

Hun

gary

Lith

uani

a

Rom

ania

Pol

and

Latv

ia

Por

tuga

l

Tur

key

Est

onia

Cze

ch R

epub

lic

Spa

in

Irel

and

EU

Italy

Net

herla

nds

Ger

man

y

Bel

gium

Uni

ted

Kin

gdom

Fra

nce

Den

mar

k

Luxe

mbo

urg

Sw

eden

Nor

way

Sw

itzer

land

Space & Infrastructure People & Organization ICT

Page 6: AOS Studley - Occupier Cost Index - 2012

A look inside the AOS Studley OCI

6AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012

Country City Space & Infrastructure People & Organizatio n ICT TotalEU € 4.732 € 1.380 € 2.238 € 8.350Belgium Brussels € 4.123 € 2.080 € 2.966 € 9.170

Czech 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

Page 7: AOS Studley - Occupier Cost Index - 2012

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

7AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012

Page 8: AOS Studley - Occupier Cost Index - 2012

Major impressions

AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 8

Major cost drivers1. Size of a workplace

2. Rent

3. ICT

4. Labor cost

Cost reduction via1. Service level reduction

2. Service level harmonization

3. Synergies

More outsourcing (broader & deeper)

Page 9: AOS Studley - Occupier Cost Index - 2012

After rent prices, labor cost is the second major d river for the office cost

AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 9

0

50

100

150

200

Bel

gium

Cze

ch R

epub

lic

Den

mar

k

Est

onia

EU

Fra

nce

Ger

man

y

Hun

gary

Irel

and

Italy

Latv

ia

Lith

uani

a

Luxe

mbo

urg

Net

herla

nds

Nor

way

Pol

and

Por

tuga

l

Rom

ania

Spa

in

Sw

eden

Sw

itzer

land

Uni

ted

Kin

gdom

OCI vs. labour costs (EU=100) OCI Labourcosts EU

Page 10: AOS Studley - Occupier Cost Index - 2012

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

10AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012

Page 11: AOS Studley - Occupier Cost Index - 2012

Building an asset…

AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 11

2000First benchmark Club Financials

2002Benchbase, centraldatabase in place

1.000.000 m2 GLA

2004Launch

NL cost index

5.000.000m2 GLA

2006Launch

BE cost index

11.000.000m2 GLA

2010Benchbase on AOS balancesheet 800K

19.000.000m2 GLA

Page 12: AOS Studley - Occupier Cost Index - 2012

European OCI 2012

25 million m² GLA2.820 objects1.021.000 workstations

12AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012

Page 13: AOS Studley - Occupier Cost Index - 2012

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

13AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012

Page 14: AOS Studley - Occupier Cost Index - 2012

Benchmark studies supply loads of cost data

1. Check market conformity

2. Identify potential savings

3. Justify decisions

14AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012

Page 15: AOS Studley - Occupier Cost Index - 2012

Compare costs with reference group

€ 0

€ 125

€ 250

€ 375

€ 500

Site 1 Site 2 Site 3 Site 4

15AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012

Page 16: AOS Studley - Occupier Cost Index - 2012

LOW

C

OS

T

We analyze cost and service level data

FIR

ST

C

LAS

SE

CO

-N

OM

YB

US

I-N

ES

S

€ 0

€ 125

€ 250

€ 375

€ 500

Site 1 Site 2 Site 3 Site 4

16AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012

Page 17: AOS Studley - Occupier Cost Index - 2012

3 types of benchmarks to find cost savings

INTERNAL EXTERNAL PLATFORM

Compare own sites

Compare with similar sites

Compare amongst peers

17AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012

Page 18: AOS Studley - Occupier Cost Index - 2012

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

18AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012

Page 19: AOS Studley - Occupier Cost Index - 2012

4 Major cost categories for RE and FM

AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 19

Space

Outdoors

Cleaning

Workplace

Primary activities

HSSEHospitalityICTLogisticsBus. supportOrg. Specific

Facility Management

People & Organization

Space & Infrastructure

SustainabilityQualityRiskIdentity

Central Functions

STRATEGIC

TACTIC

OPERATIONAL

Page 20: AOS Studley - Occupier Cost Index - 2012

Contacts

AOS Studley Occupier Cost Index 2012 - © AOS Studley 2012 20

Willem van AnsemConsulting & Technology

Email: [email protected]

Patrick WaûtersFacility Management Services

Email: [email protected]