Mr. Walker developed the cornerstone to the technology, the original space optimization algorithms, as he knew inaccurate space projections wreak havoc on real estate transactions.
He noted, “If space projections are overestimated, then tenants pay more than they need to for real estate and potentially ideal locations are never considered because of insufficient space. Underestimated space projections cause brokers and tenants to expend a lot of time and energy considering locations that ultimately can’t fit their needs. The transactions stall as alternate locations need to be added and original budgets need to be re-established.”
He continued, “What makes correct sizing of office tenants more difficult to solve is that there’s no guarantee that the space planner/architect is going to design an efficient plan. A space planner that doesn’t spend the necessary time, or lacks the expertise, to develop an efficient office design dismisses otherwise accurate space projections.”
When combining these tools, SpaceLogik has proved a universal oversizing of office tenants. Average savings of 15% have been proven against the largest real estate competitors, the most esteemed architectural firms, and the most recognized corporate clients…without compromise to form, function or aesthetics.
In 2021, Mr. Walker added other tenant tools including automated construction budgeting, automated space programming that uses predictive analytics, and an online landlord bidding system that increases transparency and eliminates conflicts of interest that sometimes exist in building selection.