Facility Management Statistics 2024
– Everything You Need to Know


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Facility Management Statistics 2023: Facts about Facility Management are important because they give you more context about what’s going on in the World in terms of Facility Management.

LLCBuddy editorial team scanned the web and collected all important Facility Management Statistics on this page. We proofread the data to make these as accurate as possible. We believe you don’t need to check any other resource on the web for Facility Management Facts; All are here only 🙂

Are you planning to form an LLC? Thus you need to know more about Facility Management? Maybe for study projects or business research or personal curiosity only, whatever it is – it’s always a good idea to know more about the most important Facility Management Statistics of 2023.

How much of an impact will Facility Management Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your Facility Management related questions here.

Please read the page carefully and don’t miss any words.

Top Facility Management Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 54 Facility Management Statistics on this page 🙂

Facility Management “Latest” Statistics

  • When it comes to facilities management, the U.S. Bureau of Labor Statistics reports that women hold just 25% of available jobs.[1]
  • Arrangement by gender, males make up 79.5% of facility managers, making them the more prevalent gender in the field.[2]
  • Black non-Hispanic people make up 8.85% of facility managers, making them the second most prevalent racial or ethnic group in this field of work.[2]
  • From 2016 through 2026, the U.S. Bureau of Labor Statistics predicts a 10% growth rate for jobs in facility management.[3]
  • According to a MicroStrategy survey, security is the top consideration for 27% of firms globally when selecting a data analytics solution.[4]
  • 70% of businesses use a mixed operating approach.[4]
  • 25% of remote employees, according to Buffer, struggle to disconnect when their workday is done.[4]
  • 97% of workers, according to a Buffer poll, desire the flexibility to work remotely at least sometimes.[4]
  • 60% of millennials, according to financial services firm Bankrate, prefer flexible employment arrangements to greater compensation.[4]
  • Before the epidemic, 30% of people worked remotely at least sometimes, compared to 48% presently.[4]
  • With a compound annual growth rate CAGR of 13.6%, worldwide investment in internet technology is anticipated to reach $1.2 trillion dollars by 2022.[4]
  • A priority for 60% of millennials is flexible employment.[4]
  • 84% of employees said that telework has made them happy.[4]
  • According to fortune business insights, the market for facilities management and other administrative services is anticipated to expand by 1.3% by the end of 2022 compared to 2021.[4]
  • According to data from service provider EY, more than 50% of respondents indicate they would be inclined to seek another job if their firm reduced that flexibility once again.[4]
  • The lack of proper assistance in the workplace, according to 63% of U.S. employees, prevents them from being totally involved in their job.[4]
  • According to a MicroStrategy survey, 63% of businesses employ data analytics to boost production and efficiency.[4]
  • According to an Owl Labs poll, 84% of those who telecommuted during the epidemic indicated they would be happy if they could do it again, at least sometimes.[4]
  • Intelligent technology may reduce energy bills by 20%.[4]
  • Data analytics security is crucial for 27% of businesses.[4]
  • By 2030, the U.S. Bureau of Labor Statistics anticipates that millennials will account for 75% of the workforce.[4]
  • Up to 20% of energy expenditures may be saved by using sensor technology to monitor energy use in office buildings.[4]
  • According to a survey by Global Workspace Analytics, the typical us firm saves more than $11,000 annually by having workers work remotely at least half the time.[4]
  • Large company workers utilize coworking spaces at a rate of 14%, and demand for flexible workspace is expected to come from these businesses to the tune of 40%.[5]
  • 45% of surveyed businesses plan to transition to activity-based workspaces to increase employee productivity.[5]
  • Office IoT devices are currently used by 48% of senior corporate real estate executives to collect data in support of business goals.[5]
  • White people make up 71.6% of facility managers, making them the majority race or ethnicity in the field.[5]
  • In addition to collecting rent, 80% of property managers are also responsible for overseeing or carrying out building upkeep.[5]
  • When given the option to choose their workstation depending on their present assignment, 88% of employees described themselves as being extremely engaged.[5]
  • For greater facilities or proptech, 90.3% of millennial respondents indicated they would or would consider paying more in rent.[5]
  • Millennials make up 40% of the whole housing market, and 90% of all millennials are renters, according to ParcelPending.[5]
  • Most U.S. professionals, or 80-90% of them, said they would want to be able to work remotely at least sometimes.[5]
  • Of all the major U.S. markets, Salt Lake City and San Antonio had the lowest resident retention rates at 46.3% in the year 2018.[5]
  • Facilities managers are employed in greater numbers by colleges, universities, and professional schools, including junior colleges (8.68%), and elementary and secondary schools (6.66%).[5]
  • Only 45% of institutions reported that employees had received MPDSR training in the previous year, indicating that staff development to maintain MPDSR practice had only partly been accomplished.[5]
  • To aid workers in navigating an agile work environment, 59% of CEOs intend to adopt mobile employee experience apps.[5]
  • Senior corporate real estate executives use technology to acquire more precise data to support their business goals in 48% of cases.[5]
  • Males make up 81.8% of facility managers, making them the more prevalent gender in the field.[5]
  • In 2019, the cost of renting increased in 66% of U.S. counties.[5]
  • Over 1 in 10 tenants were unable to pay their rent, with 89% of renters making their payment.[5]
  • The majority of facilities claimed to have given specific follow-up tasks to people with deadlines (79%).[5]
  • Only 39% of worldwide workers get a smartphone or laptop supplied by their workplace, compared to more than 80% who receive a desktop computer and landline phone.[5]
  • According to research, between 30 and 40% of all U.S. employees are now self-employed or connected to the gig economy in some form.[5]
  • From 2021 to 2031, the overall employment of administrative services and facilities managers are anticipated to increase by 7%, roughly as quickly as the national average for all professions.[6]
  • Many operators’ and facility managers’ bottom lines are being impacted by the 42% increase in commercial natural gas over the last two years.[7]
  • Through the pandemic, commodity prices have substantially risen, rising 20.6% year over year in march 20.22.[7]
  • With manufacturers starting to catch up to demand in late 2022 and supply chains substantially unclogged by late 2023, the rate of inflation is not anticipated to slow down until 2023.[7]
  • According to the Ministry of Energy, Saudi Arabia intends to spend USD 425 billion 16 trillion riyals on industrial and infrastructural projects over the next ten years.[8]
  • During the projection period of 2022–2022, the global facility market size is anticipated to develop at a CAGR of 5.7%, demonstrating moderate growth.29.[8]
  • Precedence research estimates that the size of the global facility management industry will surpass $1.9 trillion by 2030 and will increase at a CAGR of 4.7% between 2022 and 2030.[9]
  • About 30% of the worldwide facility management market in 2021 belongs to the real estate sector.[9]
  • Inefficient older buildings may save 30-50% by becoming a smart building with interconnected systems.[10]
  • Effective space management may result in cost savings of up to 30% on real estate, which is the second-highest expense for a business.[10]
  • Adopting capital project management techniques may result in up to a 45% decrease in total project costs, even if the typical capital project is 80% over budget and 20 months behind schedule.[10]

Also Read

How Useful is Facility Management

The role of facility management encompasses a myriad of areas, including property management, maintenance and repair, security, safety, energy management, and space planning. By taking care of these essential aspects, facility managers shoulder the responsibility of maintaining a conducive environment for employees, clients, customers, and stakeholders. They ensure that the facilities are in optimal condition, well-equipped, and suitable for the specific purpose they are designed for. In doing so, they not only enhance the productivity and comfort of employees but also help drive customer satisfaction and stakeholder engagement.

Proactive approach marks the core of effective facility management. Facility managers possess the ability to identify potential issues in facilities, addressing them before they escalate and adversely affect operations. Proactively ensuring regular maintenance and repair of equipment, they streamline day-to-day processes, minimizing unnecessary downtime and disruptions. By maintaining a safe and secure environment, facility management promotes the physical and mental well-being of employees, creating a positive work atmosphere where their full potential can be unleashed.

Facility managers are well-versed in the art of effective space planning. They optimize the spatial distribution of resources and departments within a facility, contributing to enhanced efficiency, collaboration, and workflow. Ample research exists showcasing the tangible benefits that well-managed spaces can have on staff morale and productivity levels. While quality workspace yields invaluable perks, it also leads to substantial cost reductions over time. Facility management plays a paramount role in achieving this harmony between maximizing space, creative design concepts, cost-effectiveness, and practicality.

Moreover, facility management also extends its responsibility to sustainability and environmental consciousness. In today’s environmentally-conscious world, businesses are expected ethically to align policies and practices with ecological considerations. Facility managers assume responsibility for efficiently managing energy usage and waste, employing eco-friendly practices that engender a sense of social responsibility. By implementing technologies and techniques focused on energy conservation, recycling, and reduced carbon footprint, facility management ensures that facilities are not only operationally efficient but also environmentally friendly.

To excel, modern businesses cannot afford to overlook the monumental value that facility management brings to the table. The increasingly competitive and dynamic nature of industries necessitates seamless operations, optimal resource allocation, cost-effectiveness, and sustainability. By allowing organizations to focus on their core competencies while streamlining facility-related tasks, facility management undoubtedly plays a central role in unlocking business success.

In conclusion, embracing a robust facility management strategy is not merely a choice but a prerequisite for forward-thinking organizations. As the demands of the business environment evolve, adherence to high standards in facility management will only become more critical. With its ability to optimize operations, minimize risks, and drive various crucial measures, facility management is an invaluable asset. Ultimately, organizations that understand this will outshine their competitors, cultivate an enviable foundation, and reap the myriad rewards that this invaluable field affords.

Reference


  1. cmmonline – https://cmmonline.com/articles/women-in-facility-management
  2. datausa – https://datausa.io/profile/soc/facilities-managers
  3. akitabox – https://home.akitabox.com/blog/facilities-management-jobs-and-careers/
  4. vizito – https://vizito.eu/blog/20-statistics-every-facilities-manager-should-know/
  5. webinarcare – https://webinarcare.com/best-facility-management-software/facility-management-statistics/
  6. bls – https://www.bls.gov/ooh/management/administrative-services-managers.htm
  7. cbre – https://www.cbre.com/insights/reports/2022-fm-cost-trends-report
  8. fortunebusinessinsights – https://www.fortunebusinessinsights.com/industry-reports/facility-management-market-101658
  9. globenewswire – https://www.globenewswire.com/en/news-release/2022/04/13/2421933/0/en/Facility-Management-Market-Size-to-Hit-US-1-9-Trillion-by-2030.html
  10. ibm – https://www.ibm.com/topics/facilities-management

About Author & Editorial Staff

Steve Goldstein, founder of LLCBuddy, is a specialist in corporate formations, dedicated to guiding entrepreneurs and small business owners through the LLC process. LLCBuddy provides a wealth of streamlined resources such as guides, articles, and FAQs, making LLC establishment seamless. The diligent editorial staff makes sure content is accurate, up-to-date information on topics like state-specific requirements, registered agents, and compliance. Steve's enthusiasm for entrepreneurship makes LLCBuddy an essential and trustworthy resource for launching and running an LLC.

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