REoptimizer^® Blog

Not too long ago, we shared 10 Must-Know Commercial Real Estate Terms with you. For better or for worse, our industry has its own unique language, so we are sharing five more important pieces of CRE jargon with you. Here they are.

If you're getting ready to lease a commercial space, finding the right property or unit is just the first step in the process. To get the most benefits out of the right space or property, you need the right lease agreement in place between you and your landlord and that means deciding whether a short or long-term lease is the better option for your business.

Strategy is sexy. It allows you to sit on a mountain top, take a big picture view and think about your company's portfolio is broad strokes. When it comes down to actually running your portfolio, though, you live in the world of tactical commercial real estate activities. Those activities -- some of which can be menial -- have to be done on time and accurately to ensure the best possible performance from your company's leased or owned spaces. Here are some of the most important tactics to use:

There's no doubt that technology is moving at a lightning fast pace today, and naturally, the quick pace of advancement is having a major impact on how companies across all industries do business.

Your company can benefit greatly by making sustainability a core part of its commercial real estate strategy. Greener buildings and spaces can help your company improve recruitment and retention, increase productivity, lower costs and even make it easier to find clients and re-tenant your spaces. Along the way, you will also be doing the right thing from both a public relations and a global perspective.

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.