REoptimizer^® Blog

Choosing commercial office space for your company isn't something that you do every day, and you're bound to be thankful for that. The process of finding the perfect place and negotiating a lease can be complicated and lengthy.

Lease abstraction is one of the keys to making your company's commercial real estate portfolio manageable. Your abstracts turn 10 to 100-plus page leases of many different forms into a straightforward set of easily readable consistent documents. In addition to being easier for you to read, abstracts also provide the information you need to enter your portfolio information into real estate optimization or workplace management software. If you don't already have abstracts, here are some tips to get you started on the lease abstraction process.

Warehouses that were once filled with racks, boxes, and forklifts are changing. Today, warehouses fill up with something new -- the latest technology. Today's supply chains start in warehouses filled with both tangible tools like autonomous vehicles and cutting edge fixtures as well as intangibles like advanced data processing supported by a web of sensors. Here are some of the innovations that are currently revolutionizing logistics.

When it comes to your office space, a well-lit copy room and a water cooler won't cut it anymore. While many of the changes in expected amenity loads are coming from the Millennials, your CFO also plays a role. Many of these amenities make both happy by creating an office space that is more open and collaborative, but also more space and cost efficient.

Calculating your company's commercial real estate utilization isn't an ungainly and ultra-complicated process. The mathematics underlying it is simple and, with the help of online calculation tools, you don't even have to do it. Instead, it just requires collecting a few numbers for each site.

Commercial real estate utilization is a metric that looks at the size of your space and at what you are doing with it. It can be calculated for any type of property and provides a quick check to see if a space is too small, too large or perfectly sized. Used strategically, your CRE utilization can also allow you to benchmark against the market.

Office space design continues changing. The rabbit warren of private offices gave way to the cubicle farm which gave way to the trading floor-style open workspace. The future of office space, though, is much more creative and much less hierarchical.

Warehouse space is no longer just four walls and a relatively high roof. Given the complexity of modern supply chains, your warehouse space could be the most complicated building in your company's real estate portfolio. As you look at warehouse properties, here are the seven must haves that you should require: