Space is one of the major assets of higher education institutions and on average represents approximately 20% of the costs of operating an institution. While this incurs a major cost to an institution, the availability of appropriate space is essential to support the teaching, research, and community services objectives of our institutions.
The provision of the right space is becoming even more important as institutions increasingly complete for students and funding. The strategic planning and operational management of space is therefore an essential part of an asset management strategy for any institution.
Space planning and management continues to be an essential element in total asset management, providing an opportunity for greater utilisation of space and minimisation of capital programs, reducing recurrent operational costs and providing appropriate solutions to client accommodation programs.