Workspace Glossary

Absorption Ad-hoc Meeting Abandoned/Ghost/No-show Meeting Assigned Seating AV (Audio Visual) ABW (Activity Based Working) Access Control Amenities Assignment Alienation Abatement Period Agile Working Accelerator Audio Conferencing

Base Rent Break Option Boardroom Break Clause Building Insurance Broker Commission Business Center Building Survey

Coworking CapEx Commencement Date Common Area Maintenance CO/CPO (Closed Office), or Closed Plan Office Concierge Services CEEO/CEXO (Chief Employee Experience Officer) Call Routing

Desk Booking Distributed Team Dilapidations

Employee engagement Elastic Office Effective Rent

Free Address Effective Rent Flexible Work Policy Flexible Work Environment Flexible Work Schedule Fit-Out Forfeiture Flexitime Fully-Remote Fibre

Gross Area

Hot Desking Hybrid Workplace Hybrid Team Huddle Rooms Hybrid Office Hybrid Working Hub and Spoke

IT (Information Technology) IWMS (Integrated workplace management software) ITO / IT Outsourcing IT Services Incubator

Lessor Lease Term License Agreement Lease Security Landlord Agent Landlines

Managed Office

Net Office Space

Office space planning Open Space Operating Costs Office Timeshare OO/OPO (Open Plan Offices )

Pre-let Portability

RFP (Request for Proposal) Recurring Meeting Remote Work R&D (Research & Development) Rent-free Periods Relocation Rental Offer (Proposal) Relaxation Zone (Chillout)

Space Management Stamp Duty Subletting Service Charge Service Cost Structured Cabling Serviced Office Space-as-a-Service (SPaaS)

Term of Lease Touchdown Spot Tenant Telecoms Tier-1 Internet

Video Conferencing Virtual Office

Workplace Experience Work From Home Work From Anywhere WX (Workplace Experience) Wi-Fi