Corporate Real Estate Trends

Corporate Real Estate (CRE) is the cornerstone for success in organizations today. CFOs and financial executives increasingly view a company's real estate portfolio as a strategic asset, one that adds significant value to a company's financial performance. The main reason for this is simple: Real estate and facility assets rank among the four highest costs of business within most companies and for twenty-two percent (22%) it ranks as their first or second biggest expense and represents close to thirty-five percent (35%) of balance sheet assets. Due to the magnitude of the investments involved, even small variances in real estate costs impact a company's balance sheet more readily than depreciation or amortization. Furthermore, environmental sustainability has captured the attention of senior executives within many companies today. They recognize the bottom-line benefits of improved social responsibility, environmental protection and financial performance. U.S. Energy Information Administration data conclude that buildings consume the largest share of total energy and produce the majority of greenhouse gas emissions. This research also finds buildings have the highest growth in CO2 emissions since 1960.

In this educational webinar with George Bouri, Principal at Deloitte Consulting, and John Smart, VP of Vision and Strategy, hear about the top industry trends in CRE that are creating new opportunities and challenges for workplace executives to improve operational, financial and environmental performance of real estate assets and operations.

Register for a one-hour webinar to hear about the following CRE Industry trends and strategic opportunities to improve your real estate performance gathered from Industry leaders like George Bouri, John Smart and the TRIRIGA Customer Advisory Board:

1. Environmental Sustainability: Sustainability and corporate social responsibility are a major focus and one of the top three areas of investment for CRE today. Environmental sustainability provides a strategic opportunity for CRE to lead a growing mandate to reduce energy consumption and greenhouse gas emissions and improve overall financial performance as well.
2. Performance Measurement: Performance management, key performance indicators, metrics and benchmarks to manage operational, financial and environmental performance are critical now for the C-level suite to track and measure operational effectiveness, financial return and environmental impact of workplace assets and operations. Driving, achieving and providing the ability to report on performance is strategic leadership opportunity for CRE executives.
3. Alternative Workplace: Alternative workplace practices are going mainstream as more and more organizations are realizing the value of flexible workplace practices to reduce need for more office space, to cut facility and real estate spend and to improve workplace productivity and profit. Effective space management and space utilization provides strategic opportunities to improve operational, financial and environmental performance.
4. Strategic Business Unit Support: More and more CRE executives are called upon not just by the C-level suite but also the front-line business units to provide strategic business services: decision support, performance benchmarks for their real estate and facility spend and utilization, strategic planning to support business unit growth and profitability and to support the implementation and execution of workplace services from acquiring new real estate assets, to constructing new buildings, facility space management and maintenance.
5. Mergers and Acquisitions: Real estate remains one of the top expenses on the income statement and a natural place for the C-suite to look to reduce costly duplication of real estate portfolios, underutilized assets and provides an opportunity to improve financial performance of acquisitions and mergers.
6. Emerging Markets: The continued pressure to globalize make emerging markets integral to business growth and profitability and provides CRE with another strategic opportunity to be on the front-line of emerging market entry as the key department to identify, prepare and provide the new real estate, facilities and infrastructure to support global expansion.

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