Although corporate real estate and facilities represent a very significant portion of the balance sheet and operating expenses, they often do not receive the attention they deserve despite the huge potential for creating competitive advantages, reducing costs and improving operating efficiency. Corporate real estate must be viewed as a strategic asset, not a liability or…
The costs to construct / renovate and furnish office space are key components in your company’s overall cost of space, particularly under current economic conditions. During the past few years, the costs of labor and materials have increased sharply while the lack of availability of each has become a significant problem. In addition, municipal permitting…
Current Work Force Time is leverage. Most companies do not allow enough lead time to adequately prepare for, analyze, and execute a successful relocation or renegotiation of an existing lease. Have your team develop a timeline, including critical action dates, for use throughout the project. Commutation Studies When comparing alternative locations, identify and map…
A move is the best time to implement new work processes and technologies to help create greater efficiency, raise productivity and morale, and control long-term occupancy costs. However, problems in the relocation process most frequently arise through insufficient planning. The following should help you avoid common pitfalls during your company’s next move. Assemble Team…
Commitment Commitment is the cornerstone of great service in today’s highly demanding, rapidly changing business environment. It is essential that service providers are committed fully to delivering comprehensive solutions that satisfy the client’s short and long-term needs. Communication Efficient reporting and regular interaction are key to any successful relationship. Communication timetables, forms, and parameters…
Advance Preparation The odds of achieving optimum results on any real estate project are greatly increased when sufficient time is given to fully analyze needs and develop a thorough plan of action. The size and complexity of the requirement will dictate how many months in advance to begin a needs analysis, compilation of locational data…
Whether you are planning a new office or developing company wide space standards, having “design benchmarks” can prove extremely helpful. The following information is an average for general office use. General space allocation should be approximately 150 to 200 usable square feet (sf) per person. This figure can vary depending upon your use, industry, and…
Prepare 18-24 months in advance Time is leverage. Most companies do not allow enough lead time to adequately prepare for, analyze, and execute a successful relocation or renegotiation of an existing lease. Have your team develop a timeline, including critical action dates, for use throughout the project. Location, location, location Choose the most suitable…
Our client acquired a company headquartered in Charlotte, NC, with 8 domestic offices across the U.S. The acquired company had a dramatically different culture and space utilization metrics from those of our client. Acclaim was engaged under strict confidentiality, during the acquisition due diligence process, to assess the value and opportunity associated with the acquisition target’s portfolio of leased real estate.
With a new C-Suite team in place, Innocor was looking to better align its real estate portfolio with new corporate goals, starting with the relocation of its corporate HQ. The team was also looking to create national standards, delineate better policies and procedures, streamline processes and reduce overall costs.