October 21, 2019

Colliers cooperates with a start-up offering real-time occupancy analytics

Colliers cooperates with a start-up offering real-time occupancy analytics

As flex-working increases in popularity, maximizing the potential and effectiveness of office space is a challenge for many companies. To provide occupiers in Poland 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 $4.6 billion by 2022, at a rate of 24.5 percent CAGR.

As partners, Colliers’ experts in Workplace Innovation 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.

Monika Rajska-WoliƄska, Managing Partner at Colliers International in Poland, commented: “Although the commercial real estate sector might seem a bit conservative when it comes to new technologies, using AI and other innovative solutions is inevitable. By initiating Colliers Proptech Accelerator program we wanted to provide our clients with access to solutions that will help them accelerate the development of their business. Currently, we are in the middle of the second edition of the program. Instead of waiting for what the future brings we prefer to shape it and Basking is a great example of a solution that brings extremely valuable data in a matter of hours. We have deployed Basking solutions in our headquarters in Warsaw, providing our team with the workplace analytics software complementary to Colliers in-house expertise.”

"We’re seeing a lot of interest in Basking solutions from the Polish market, so we are excited to partner with Colliers Poland and provide its 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.”

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