Case Study: Raymond James replaces anecdote-driven space requests with data-driven decisions using VergeSense

Raymond James identifies a 70% conference room capacity threshold with VergeSense

Raymond James, a financial services firm, faced a challenge in effectively managing office space after a consolidation. Their VP of Real Estate needed to move away from emotional and anecdotal space requests from business units and instead establish a fact-based framework for evaluating needs. To address this, they turned to VergeSense and its occupancy intelligence platform.

VergeSense installed sensors throughout the office to measure usage of meeting rooms and other spaces. The data revealed that average meeting room utilization was only 15%, far lower than perceived. This provided the evidence needed to decline unnecessary expansion requests. The solution established a new, data-driven system for all future space evaluations, replacing negotiations with transparent conversations.

Raymond James