REoptimizer^® Blog

Real estate asset management for corporations is no different from other types of resource management. If mismanaged, business goals are at risk for failure. A company's real estate portfolio should be actively managed throughout the holding period and costs need to be completely accounted for. Many companies fail to do this, letting leases and owned properties become drags on their bottom lines. While there are many reasons that this can happen, three are particularly salient:

Technology research firm Gartner estimates that companies will spend $131 billion on public cloud services in 2013, with 42.7% of that spending going to business processes and cloud-based software applications. To give some perspective to the $131 billion in spending, just a few years ago, companies spent nothing on cloud services, since the technology didn't exist.

The ideal image of the perfect workplace is always shifting. Once, workplaces were mazes of private offices, with location, size and access to windows tied to a worker's rank. Then, workplaces became wide-open mazes of cubes, established by office furniture rather than by construction. These floor plans were cheap, but not cheerful. Today's perfect workplace is an amalgam of offices of the past with modern features that keep it flexible for the unforeseen changes that the future brings. So, what does the perfect workplace look like? 

While administrative tasks frequently get viewed as necessary evils in the conduct of business, lease administration is a different animal. When a business has an optimized administration system, it can lead to thousands or millions of dollars in operating cost savings. It can also provide the potential for better strategic control of real estate assets.

How do today’s corporations optimize their real estate portfolios for a profitable future? Corporate real estate optimization is a multi-disciplinary process. Operations span from changing light bulbs to restructuring corporate finances. Strategic optimization is an every day process that requires steadfast dedication towards efficiency. Here are four ways you can optimize your company's real estate for better performance today, and in the future:

Site visits may be the most powerful real estate portfolio management tool that you have in your arsenal. Whether you're taking care of existing spaces or looking at new ones, there is a lot to be learned on the ground. Here are three stories (all true) of what unfortunate truths can be revealed when you do a site visit.

Given the fast pace of our technologically advanced global economy, real-time reporting is crucial to business performance – especially real estate. Corporate real estate strategy doesn't just move in lease cycles anymore. While many of the most important decisions in running a corporate portfolio occur during lease rollovers, operating buildings requires real-time information. This kind of data can help companies decide which locations to open, which to close and where to make capital expenditures.