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One of the most prominent ways to implement an environmentally responsible corporate real estate strategy is to install photovoltaic solar panels on top of your building. While adding them to your properties is a major statement, it isn't going to make a significant difference in your company's bottom line, or even in your carbon footprint in most parts of the country. Here are five things that you should - and shouldn't - expect from solar panels for your business:
Posted by Don Catalano on Dec 16, 2013
230 Park Avenue, one of 16 BOMA 360 Performance Buildings in New York. Image Credit: Evan Joseph
The archenemy of any corporate real estate director is vacant office space. It is the most difficult obstacle when achieving corporate real estate optimization. It's not valuable or useful, but it consumes capital and eats up management time and resources. However, handling it is a necessary evil. Here are five tips that can help to lessen the impact of carrying vacant space.
Continue ReadingPosted by Don Catalano on Dec 11, 2013
Corporate real estate users usually turn to sublease space for one of two reasons: For some tenants, subleased space can be the only way to get into a full building that is desirable. At other times, tenants are drawn to subtenancy because it usually offers opportunities to get space at a discount. Some corporate tenants seek sublease space for both reasons. Whatever your reason may be, here are 5 things you should know before seeking a sublease opportunity:
Since real estate is a company's second or third largest expense line, corporate real estate optimization is crucial to controlling costs. However, the basic metric that many CFOs and real estate directors consider - cost per square foot - is frequently the least useful metric. Instead, looking at occupancy costs relative to what the space actually does for the business or what it represents in a large context can be more telling. Here are four metrics that you should be using to understand your company's portfolio:
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